Currency Markets
Seemingly, the most obvious buyers and sellers of currency are importers and exporters of goods. While this may have been true in the distant past, when international trade created the demand for currency markets, importers and exporters now represent only 1/32 of foreign exchange dealing, according to the Bank for International Settlements.
The picture of foreign currency transactions today shows:
- Banks/Institutions
- Speculators
- Government spending (for example, military bases abroad)
- Importers/Exporters
- Tourists
Read more about this topic: Financial Market
Famous quotes containing the words currency and/or markets:
“It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic, and sub-atomic, and galactic
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—Paddy Chayefsky (1923–1981)
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All that calm Sunday that goes on and on:
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And Earth is but a star, that once had shone.”
—James Elroy Flecker (1884–1919)