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What Is the Importance of the Foreign Exchange Market?

Bernadette R. Leach

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What Is the Importance of the Foreign Exchange Market?
Foreign exchange markets serve an important function in society and the global economy. They allow for currency conversions, facilitating global trade (across borders), which can include investments, the exchange of goods and services, and financial transactions.
 

Pamela J. Byrd

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What Is the Importance of the Foreign Exchange Market?
The foreign exchange markets play a critical role in facilitating cross-border trade, investment, and financial transactions. These markets allow firms making transactions in foreign currencies to convert the currencies or deposits they have into the currencies or deposits they want.
 
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