Pakistan Rupee Exchange Rate
Importance of Foreign Exchange
>> Sunday, September 27, 2009
The importance of foreign exchange is described in brief as under:-
1- Foreign exchange reserves shows the financial strength and the stage of development of the economy.
2- The acceptance of currency at a predetermined rate makes the international trade easy.
3- The foreign exchange ratio shows direct relationship between the prices of the commodities in the national and international market.
4- The foreign exchange balances of a country directly affect the rates of exchange. A hard currency nation has stability in foreign exchange rate.
5- The rising foreign exchange balances of a nation increases its credit worthless in the international capital market.
1- Foreign exchange reserves shows the financial strength and the stage of development of the economy.
2- The acceptance of currency at a predetermined rate makes the international trade easy.
3- The foreign exchange ratio shows direct relationship between the prices of the commodities in the national and international market.
4- The foreign exchange balances of a country directly affect the rates of exchange. A hard currency nation has stability in foreign exchange rate.
5- The rising foreign exchange balances of a nation increases its credit worthless in the international capital market.
1 comments:
It's a nice informative blog for online international foreign exchange services. It is helpful for money transfer and currency exchange.
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