foreign exchange

Foreign Exchange is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market.

The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders.

Source: investopedia.com

Qatar Accuses UAE Of False Foreign Exchange Deals To Harm Its Economy
Qatar Accuses UAE Of False Foreign Exchange Deals To Harm Its Economy
March 19, 2018  |  International

Qatar is asking U.S. regulators to look into the U.S. subsidiary of the largest bank in the United Arab Emirates, saying it has engaged in...

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Trade Finance Awaits A Boost From FinTech
Trade Finance Awaits A Boost From FinTech
January 11, 2018  |  B2B Payments

Lenders in the U.S. overwhelmingly plan to expand financing activity this year. According to new research from Magilla Loans, which offers an anonymous search engine...

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SMBs Start The Year With Jobs, Late Payments, FX Struggles
SMBs Start The Year With Jobs, Late Payments, FX Struggles
January 08, 2018  |  B2B Payments

Jobs numbers were off to a rocky start for the year when new data from the U.S. Department of Labor revealed lower-than-expected jobs numbers for...

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Wells’ Woes Seep Into investment Banking
Wells’ Woes Seep Into investment Banking
October 20, 2017  |  Personnel

More bad news for Wells Fargo: The financial institution has fired four foreign exchange (Forex) bankers following an investigation into that business by both the...

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Fed Fines HSBC For ‘Unsafe’ Forex Practices
Fed Fines HSBC For ‘Unsafe’ Forex Practices
October 03, 2017  |  B2B Payments

The U.S. Federal Reserve levied a $175 million fine against HSBC on Friday (Sept. 29) for what it dubbed “unsafe and unsound practices” at the...

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MarketInvoice Now Lets Businesses Finance Foreign Invoices
MarketInvoice Now Lets Businesses Finance Foreign Invoices
July 17, 2017  |  B2B Payments

MarketInvoice, based in the U.K., is adding support for companies that have foreign invoices, reports said Friday (July 14). The invoice financing company said it...

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BuyForexOnline Launches B2B Forex Platform
BuyForexOnline Launches B2B Forex Platform
April 24, 2017  |  B2B Payments

India-based BuyForexOnline is now stepping into the world of B2B with a new platform. The company announced Friday (April 21) that it is rolling out...

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Money Mover Warns UK SMEs To Lock In FX Rates
Money Mover Warns UK SMEs To Lock In FX Rates
March 30, 2017  |  B2B Payments

On Wednesday (March 29), the U.K. formally began its exit from the European Union by triggering Article 50, which is likely to have widespread impact...

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Missed Opportunities For Cross-Border Payments
Missed Opportunities For Cross-Border Payments
March 07, 2017  |  B2B Payments

Payments and FinTech can’t keep up with their clients’ demand for international services, according to a new paper by Saxo Payments. The firm’s white paper,...

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