Thread: Interbank forex trading

Interbank forex trading is based on the trading of currency pairs, in which it is determined how many units of one world currency would be received in exchange for a base amount of another world currency. For example, the United States dollar and the Japanese yen represent one such currency pair. Banks trade these currency pairs based entirely on credit relationships they have with each other rather than actually exchanging capital.

A more detailed definition presents interbank Forex trading as the financial system and trading of currencies that takes place among banks and financial institutions, excluding retail investors and other smaller trading parties. The banks deal with each other on a regular basis either on behalf of themselves or of their customers.

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