All international currency transactions related to currency exchange according to certain rules. Value rates of different countries, when a currency is expressed in the currency of another, is called the exchange rate. Thus, the exchange rate - is a kind of its price. In another way it is called quote, it is necessary for the successful implementation of international financial transactions.
Quotes are always changing, depending on various economic, political and social factors. Various changes - more or less tangible - are made every day.
If you treat them carefully and thoughtfully, we can trace certain
patterns and learn how to predict when and under what circumstances, one
currency will rise, and another - would fall.
Possess such knowledge can be for the overall development, but you can
in order to enrich themselves - in fact in the modern world by the free
sale of currencies.
This means that buying a cheaper currency and selling more expensive,
you can count on a handsome profit, depending on the course, how much
money you have invested in the deal. In other words, the dynamics of exchange rates - an inexhaustible source of income.
To learn how to monetary analysis, it is necessary to have on hand the archive in exchange rates. It can be your own, or found on the Internet. Similar Quotes archive will check rates from events of world economic importance. The patterns - a basis for predictions.
Among the most popular currency for quotes which monitors the whole
world may be called the British pound, the dollar, the euro. For the CIS countries is also important, the Russian ruble. The official exchange rates of other currencies against the ruble Russian central bank sets. Exchange Rates - Euro, dollar, pound, etc. established by the relevant order and is valid until the next one.
The greatest interest in connection with the global financial crisis is the dynamics of the dollar.
Alarming statements to analysts that the dollar is falling recently
replaced by a statement of the gradual appreciation of the currency. Archive of the dollar shows its gradual growth. The international currency market Forex specializes in resale of currencies of various countries.
Activities on the Forex Financial terms not allow you to convert to the
market small amounts, but because if you do not own the average bank
capital to trading on the Forex you need with financial broker.