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Foreign ExchangeThe purchase and sale of international currencies takes place in a foreign exchange (FX) market. Banks and other financial institutions make up the largest percentage of participants, who trade on the FX market for a variety of reasons, including the following:
See also Derivatives Learn MoreForeign Exchange (Comptroller's Handbook – Section 813, March 1990) References Securities Denominated in Foreign Currencies (BC 216, September 1986) |