Cryptocurrency Q&A
What is foreign exchange?
What is foreign exchange?
Tommaso
Tue Aug 06 2024
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0 answers
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Could you please explain in simple terms what foreign exchange, or FX, is? I've heard it mentioned in relation to international trade and investments, but I'm not entirely clear on the concept. Is it simply the process of converting one currency into another, or is there more to it? How does it impact the global economy and individual investors? I'm eager to learn more about this important aspect of finance.
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