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  1. #1
    johnl123d is offline Junior Member
    Join Date
    Jul 2009
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    12

    Thumbs up Introducing a fantastic forex broker(with dynamic graphics)

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  2. #2
    jessica_30 is offline Member
    Join Date
    Apr 2011
    Posts
    99

    Default

    The importance of foreign exchange is described in brief as under:-

    1- Foreign exchange reserves shows the financial strength and the stage of development of the economy.

    2- The acceptance of currency at a predetermined rate makes the international trade easy.

    3- The foreign exchange ratio shows direct relationship between the prices of the commodities in the national and international market.

    4- The foreign exchange balances of a country directly affect the rates of exchange. A hard currency nation has stability in foreign exchange rate.

    5- The rising foreign exchange balances of a nation increases its credit worthless in the international capital market.
    Last edited by jessica_30; 05-13-2011 at 07:30 AM.

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