Here you will find forex rates archives, graphs, charts, forex news, forex dealers directory, currency directory, gold prices, pakistan prize bond results and a wide range of information to help you explore the world of forex. Choosing the best forex broker is important. In our Forex Brokers Directroy you’ll find guides on choosing the best forex brokerage firm. Forex forex pk foreign exchange rate assist the investor by providing a visual representation of exchange rate fluctuations.
Many variables affect currency exchange rates, such as interest rates, bank policies, geopolitics, and even the time of day may affect exchange rates. Investment in gold bullion means that your money is protected from inflation. A reason enough for why you should invest in gold bullion. For gold bullion coins collecting as well as other precious metal investments, you must be aware of gold, silver, platinum bullion rates. For those who keep their money in prize bonds.
Prize bonds are issued by the government of Pakistan. Prize bonds are similar to cash because you can buy a prize bond from any bank and sell it to anyone. The government in turn holds draws and gives cash prizes to the winners. However these are only the indicative rates as forex rates keep on changing minute to minute. The list below is mostly based on the latest available IMF data, and while most nations report in U. Eastern Europe report solely in Euros. And since all the figures below are in U.
Hong Kong and Macau report separate figures. Indian reports are released on a weekly basis with the figures being of the previous week. The Iranian government does not report the foreign exchange reserves as a matter of policy and all figures are estimates calculated by international or foreign institutes, which are occasionally endorsed by Iranian officials without disclosing the exact numbers. IMF releases the quarterly data on the currency composition of official foreign exchange reserves. The data are reported to the IMF on a voluntary and confidential basis. Hong Kong Monetary Authority – Economic and Financial Data for Hong Kong”. Press Releases – Official Foreign Reserves”.
IMF – Italy Archived 14 May 2016 at the Wayback Machine. The World Factbook: Reserves of foreign exchange and gold”. Time Series Data on International Reserves and Foreign Currency Liquidity. This market determines the foreign exchange rate.
The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market works through financial institutions, and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as “dealers”, who are involved in large quantities of foreign exchange trading. The foreign exchange market assists international trade and investments by enabling currency conversion. In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency. The modern foreign exchange market began forming during the 1970s.
This followed three decades of government restrictions on foreign exchange transactions under the Bretton Woods system of monetary management, which set out the rules for commercial and financial relations among the world’s major industrial states after World War II. 24 hours a day except weekends, i. As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks. 09 trillion per day in April 2016.