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
CellPoint Digital has teamed with Mexico’s Grupo Xcaret to streamline travel payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The international travel bounce-back continues, flying in the face of sky-high airfares and hotel costs, and making a strong case for travel merchants to up...
Selecting countries ripe for cross-border expansion requires thoughtful analysis of the payments landscape within different geographies to enable successful market penetration with minimal cost and...
Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And...
Corpay and Sunflower Bank, N.A. have teamed up to help clients manage cross-border payments and currency risk. Get the Full Story Complete the form to...
Most of the world’s developing economies saw foreign exchange reserves dwindle during the COVID-19 pandemic. Get the Full Story Complete the form to unlock this...
If there’s a lesson that FinTechs must learn from Silicon Valley Bank’s (SVB) collapse, it’s the need to diversify their banking partners to include electronic...
For midmarket B2B firms, intelligent decision-making about how, and when, to move money is more challenging than ever. Get the Full Story Complete the form...
Foreign exchange (FX) volatility presents challenges for cross-border payments, but digital multi-currency wallets offer a solution. Get the Full Story Complete the form to unlock...