Wednesday, December 27, 2006

FX, a summary of foreign exchange deposit money business

By FX, business of foreign exchange, I will change a foreign currency for an own country currency necessarily, and the exchange ratio namely a foreign exchange rate will be formed. In a narrow meaning, it points at the concrete foreign exchange bill and remittance check which are means of foreign exchange, and there can be a thing pointing at a foreign exchange rate.

In addition, I deviate from a slightly original use, but it is often that premise can not always include exchange duties with the foreign currency cash which a foreign exchange rate affects, the duties that it is concerned with a premise and a foreign currency account that there is the direct transportation of foreign currency cash, international loan relations when I said foreign exchange business of a bank. I tend to be called by foreign exchange and an abbreviated designation.

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