For example, the Canadian dollar is a floating currency, so the market dictates its value. The value of the Hong Kong dollar, on the other hand, is pegged at a fixed exchange rate to the U.S. dollar.

Central banks also participate in the foreign exchange market to protect their nation’s currencies in what’s known in the trade as intervention. For example, the Federal Reserve says the U.S ...

Nigeria's foreign exchange market has faced numerous challenges ... Leaders in the industry must lead by example, embedding the code's standards within their organisations. The Central Bank ...

a country might intervene in the market by buying (or selling) large amounts of its own currency to push the rate higher (or lower). The U.S. dollar, the euro and the Japanese yen are examples of ...

Bureau De Change (BDC) Operators, under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON), have revealed that the naira is fast becoming the most unpredictable currency in ...

For example, if the EUR/USD exchange rate ... "OTC foreign exchange turnover in April 2022." CFA Institute. "Foreign Exchange Market Overview." ...

and then take advantage of any misevaluations of currencies by buying and selling in different foreign exchange markets. A foreign exchange trader manages an account, looks at reports, reads the press ...