The foreign exchange market, also known as the over-the-counter market, is a platform for buyers and sellers to engage in foreign exchange transactions through various means of communication, such as telephone. This market plays a crucial role in the global economy, as it allows for the exchange of different currencies. Familiarizing oneself with the workings of this market is essential for understanding the world of finance. So, let's dive into the world of foreign exchange and explore its nuances in detail.
