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Currency trading

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Currency trading
The act of buying and selling world currencies.
    
Currency trading is most often engaged in by banks and other institutions, for the purposes of international trade. Individual investors may engage in Currency trading as well, attempting to benefit from variations in the Exchange rates of the currencies. A Currency is the dominant medium of Exchange.
    
To facilitate trade between Currency zones, there are Exchange rates, which are the prices at which currencies (and the goods and services of individual Currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their Exchange rate regime. In common usage, Currency sometimes refers to only paper money, as in coins and Currency, but this is misleading. Coins and paper money are both forms of Currency.
Posted by  Spintelligent (Pty) Ltd
 
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