35 years: FX & financial markets
In this video, Kees discusses the Foreign Exchange (FX) market and the importance of understanding Money Markets. He goes into detail on the popularity and volume of currencies traded in the FX market.
In this video, Kees discusses the Foreign Exchange (FX) market and the importance of understanding Money Markets. He goes into detail on the popularity and volume of currencies traded in the FX market.
17 mins 33 secs
The foreign exchange (FX) market is the world’s biggest over-the-counter or OTC market, trading a daily average of USD 6.6 trillion. FX turnover is more than 80 times the volume of international trade, which is accounted for by currency hedging and speculation.
Key learning objectives:
Understand how big the FX market is and what the major trading centres are
Outline the main currencies used in the FX market
Understand why are FX volumes so high
Explain what happens when a company hedges an FX transaction