The world currency market: the functioning mechanism

The international market covers the currency markets of all countries of the world. They are understood as a chain of cable among themselves system cable and satellite communications of the world regional currency markets closely connected among themselves by system. Between them exists having poured means depending on the current information and forecasts of leading participants of the market concerning possible position of separate currencies.

• 
  Service of the international turn of the goods, services and capitals. On a share of the currency transactions serving international trade, it is necessary about 10 % of all currency transactions;
  
• 
  Formation of the rate of exchange on the basis of a supply and demand on currency;
  
• 
  Granting of mechanisms of protection against currency risks, movements of speculative capitals. The currency transactions which have been not connected with service of world trade, and being purely financial transfers (gamble, hedging – the conclusion of the urgent transaction for price or profit insurance, etc.) prevail in the currency market;
  
• 
  Currency market use as tool for carrying out of a monetary and credit policy of the central bank of this or that country. The national currency markets exist in all countries with the developed market economy. In process of development of the national markets and their interconnection there was a uniform world currency market.
  

• 
  Internationalisation of economic communications;
  
• 
  Concentration of the capital in manufacture and a banking;
  
• 
  Development of interbank telecommunications.
  

2. 
   
   жүктеу/скачать 111 Kb.
   
   Достарыңызбен бөлісу: