Decoding Finance
Nostro Account: – Conversion of foreign currency in to home currency is the fundamental of foreign exchange. Therefore, the bank which is authorised to deal in foreign exchange, to stream line the exchange process, keep stock of foreign currency. For…
Exchange Margin is the amount that bank charge when you buy or sell foreign currency to the Bank. For better understanding of this concept you have to recall the concept of Inter-Bank Market and Retail Market. An importer or exporter…
What is Two Way Quotes? A two-way quote is a type of quote that gives both the bid or buying and the ask or selling price of a security in the Inter-Bank Market. This means each quote will have two…
What is Foreign Exchange Market? Foreign Exchange Market is also like other normal market. In normal market we buy or sell something like clothes and other thing of our need. Similarly, in forex market we buy or sell or exchange…