Foreign Exchange Market

Feb 3rd, 2012
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To ensure success in the international business market it is critical to understand how the foreign exchange market functions. Hernandez (2008) stated that, “The foreign exchange market, otherwise known as FOREX or "FX", has more currency circulating through it than the total amount of all the world's stock market.

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Foreign Exchange Market To ensure success in the international business market it is critical to understand how the foreign exchange market functions. Hernandez (2008) stated that, "The foreign exchange market, otherwise known as FOREX or "FX", has more currency circulating through it than the total amount of all the world's stock market" ( 1). The gold standard has played a major role in international dealings between various countries. In addition to the gold standard, the fluctuating currency rates also play a major role in international business and how the business is being conducted.

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