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Here, Tradeindia's members can exchange ideas and ask for help on trade-related issues. To participate, you must be a member of Tradeindia.com. We have assigned moderators to facilitate these discussions. |
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Posted on 9th October 2007 at 17:15:00 |
Mr. Angshu Bhatt
Assistant Marketing Manager
PURY SQUAD
Haldia, India
Free Member
Joined :07/31/2007
No of Topics Posted : 1
Reply/Comments : 6
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TOPIC : Concept of Foreign Exchange
Can you give me some idea about Foreign Exchange?
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Posted on 10th October 2007 at 06:44:00 [Message #795
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Mr. Dong Zhang
Sales Manager
Jing Country Asbestos Rubber Sheets Factory
Hengshui, China
Free Member
Joined :10/12/2006
No of Topics Posted : 0
Reply/Comments : 17
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Re: Concept of Foreign Exchange
As a international trader, foreign exchange rate is important to your profit.
So, when you make price, must consider the exchange rate. For more information, you can study from books or old trades.
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Posted on 16th October 2007 at 13:58:00 [Message #806
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Mr. Shalish C Gajjar
CEO
WORLD TRADE CONNECTIONS
Vadodara, India
Free Member
Joined :12/03/2002
No of Topics Posted : 0
Reply/Comments : 11
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Re: Concept of Foreign Exchange
Exchange of currency in respect to the value of each country currency depending upon the country's international business transaction. Deposits with the world bank, economy, and strength of the currency
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Posted on 7th November 2007 at 13:27:00 [Message #856
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Mr. VIVEK MULEY
PROPRIETOR
PIESCES CONTAINER LINES PUNE PVT. LTD.
Pune, India
Free Member
Joined :09/06/2001
No of Topics Posted : 0
Reply/Comments : 2
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Re: Concept of Foreign Exchange
Dear Mr Bhatt,
Today's globalisation have made currency of other country as just another commodity. As it happens with other commodities, same rule of Demand-Supply applies to the foreign currencies too. This can be explained with present situation of rupee appreciation against US Dollars. There is unprecedented FDI flowing into country mainly in US Dollars, so there is oversupply of US Dollar. Thus value of Dollar diminishing in terms of Rupees.
Although there are many other factors like balance of trade , balance of payment , convertibility , Forex Reserves etc which simultaneously works on value of foreign currency in terms of domestic currency ; its mainly demand-supply for that currency which decides the exchange rate.
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| Author |
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Mr. Angshu Bhatt
Assistant Marketing Manager
PURY SQUAD
Haldia, India
Free Member
Joined :07/31/2007
No of Topics Posted : 1
Reply/Comments : 6
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Re: Re: Concept of Foreign Exchange
Dear Sir,
Thanks for showing some interest on my topic and make me know about the topic.
With regards
Angshu Bhatt
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Posted on 25th May 2008 at 18:38:00 [Message #1310
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MR. ANKIT JAIN
proprietor
ANKIT FOOD PRODUCTS
Delhi, India
Free Member
Joined :06/13/2007
No of Topics Posted : 6
Reply/Comments : 17
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Re: Concept of Foreign Exchange
For the business of export and import consideration of foreign exchange rates is very important. Before finalizing any deal, the foreign exchange rates must be considered. Mostly, the fluctuation of last 3 months of the currency rates can be considered. But it can increase or decrease too. As there are so many reasons for fluctuation in currency rates like, countries economical condition, political region, etc.
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