Exploring the Foreign Exchange Market
What you'll learn
- Understand the meaning of domestic and foreign currency and how they apply in international trade.
- Learn how the foreign exchange market operates, including its structure, participants, and major trading centers.
- Explore the concepts of spot and forward markets, along with settlement timelines like T+2.
- Gain insights into currency pairs, dominant currencies, and the role of forex in global finance.
Requirements
- Basic understanding of economic principles such as supply and demand, inflation and interest rates
Description
The foreign exchange (forex) market plays a pivotal role in facilitating international trade and finance by enabling the seamless exchange of currencies across borders. This comprehensive course, Exploring the Foreign Exchange Market, is designed to demystify the complex yet fascinating world of currency exchange, offering learners a solid foundation in the functioning, structure, and significance of the forex market. Whether you are a student seeking clarity on global financial systems, a business professional involved in cross-border transactions, or an enthusiast curious about currency dynamics, this course will provide essential knowledge and practical insights.
We will begin by examining the core concepts of domestic and foreign currency, and how these terms shift depending on the country and context of a transaction. You’ll understand how international trade is executed, what determines the currency of payment in cross-border deals, and whether buyers are always required to pay in the exporter’s domestic currency.
The course will then provide a deep dive into the workings of the forex market—both online and offline—highlighting trading hours, real-time operations, and key market participants such as central banks, commercial banks, corporations, hedge funds, and individual traders. You will learn about currency pairs, dominant global currencies, and the significance of financial hubs like London, New York, Tokyo, and Hong Kong in forex transactions.
In addition, we will explore the differences between the spot and forward markets, including settlement timelines like T+2 in the spot market and delivery conditions in forward contracts. The course will also shed light on which type of market—spot or forward—accounts for most forex trades and how certain days can witness unusually high or low trading volumes.
By the end of this course, you will gain a thorough understanding of the forex market’s operation, its strategic importance in the global economy, and the factors that drive currency movements worldwide.
Who this course is for:
- Students and any individual who enjoys learning about various concepts of economics
Instructor
- 4.3 Instructor Rating
- 7,203 Reviews
- 212,040 Students
- 157 Courses
Parminder Singh has worked as a legal officer and branch manager with an insurance company owned by the government of India. Partner Puneet has also worked with a government department. Both of them took voluntary retirement and have started providing online education to students. They take pride in providing quality educational services and their aim is to ensure that the students are able to understand each and every question in an easy way. Their goal is to help the leaders of tomorrow learn to succeed today.