Trends and Turnover of Currency Market in India
TRENDS AND TURNOVER OF CURRENCY MARKET IN INDIA
Dr.P.CHELLASAMY, M. SRIDEVI Assistant professor, Ph.D Scholar, Department of commerce, Department of commerce, Bharathiar University, Bharathiar university, Coimbatore-46. Coimbatore-46. Email:drchellamsamy@gmail.com sridevimurugeshan@yahoo.com
Abstract The foreign exchange market (forex, FX, or currency market) is a global, worldwide-decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. All trade take place in the foreign exchange market involve the buying of one currency and the selling of another currency simultaneously. This is because the value of one currency is determined by its comparison to another currency. The first currency of a currency pair is called the "base currency," while the second currency is called the counter currency. The currency pair shows how much of the counter currency is needed to purchase one unit of the base currency. Currency pairs can be thought of as a single unit that can be bought or sold. When purchasing a currency pair, the base currency is being bought, while the counter currency is being sold. The opposite is true, when the sale of a currency pair takes place. There is appreciation and depreciation of exchange value of currency and it effect the various industry, it has an impact in seller, buyer, trader, government of both buyer and seller country. In this study Trends and Turnover of currency market is taken to find out the current position of foreign exchange. Keywords: Exchange Value, Foreign Exchange, Appreciation, Depreciation, Currency
TRENDS AND TURNOVER OF CURRENCY MARKET IN INDIA
Dr.P.CHELLASAMY, M. SRIDEVI Assistant professor, Ph.D Scholar, Department of commerce, Department of commerce, Bharathiar University, Bharathiar university, Coimbatore-46. Coimbatore-46. Email:drchellamsamy@gmail.com sridevimurugeshan@yahoo.com
Abstract The foreign exchange market (forex, FX, or currency market) is a global, worldwide-decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. All trade take place in the foreign exchange market involve the buying of one currency and the selling of another currency simultaneously. This is because the value of one currency is determined by its comparison to another currency. The first currency of a currency pair is called the "base currency," while the second currency is called the counter currency. The currency pair shows how much of the counter currency is needed to purchase one unit of the base currency. Currency pairs can be thought of as a single unit that can be bought or sold. When purchasing a currency pair, the base currency is being bought, while the counter currency is being sold. The opposite is true, when the sale of a currency pair takes place. There is appreciation and depreciation of exchange value of currency and it effect the various industry, it has an impact in seller, buyer, trader, government of both buyer and seller country. In this study Trends and Turnover of currency market is taken to find out the current position of foreign exchange. Keywords: Exchange Value, Foreign Exchange, Appreciation, Depreciation, Currency
TRENDS AND TURNOVER OF CURRENCY MARKET IN INDIA