Concern by Frank F: What is the function of the currency market?
What perform does the currency market perform?
Greatest answer:
Answer by Serge M
The same perform as any other market place. It is a spot in which people who want to buy one thing fulfill men and women who want to market something. In the grocery store you want to buy bread or milk in trade for pounds and the grocer would like to sell the bread and milk. In the currency market, someone needs to acquire Yen or Euros in exchange for pounds, and an individual else is willing to sell Yen or Euros. Thus the currency market facilitates global trade, since you might need euros to purchase goods from a French or German firm, and a person else demands your pounds to purchase products from a US firm or to pay out debts denominated in dollars.
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