Foreign exchange market is the place where the banking institutions facilitate the buying and selling of foreign currencies. Forex 
transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another.The purpose of Forex trading is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies.
Presently, the FX market is one of the largest and most financial markets in the world, and includes trading between large banks, currency speculators, corporations, government and and other financial institutions.
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