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And to get off of the dock it’s going to take at least 5 years.
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Other2.2%Total200.0%There is no unified or centrally cleared market for the majority of trades, and there is very little cross-border regulation. Due to the over-the-counter nature of currency markets, there are rather a number of interconnected marketplaces, where different currencies instruments…
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For example, a traveler exchanges some Japanese yen using US dollars upon arriving at the Tokyo airport. The forward exchange rate is a rate agreed by two parties to exchange currencies for a future date, such as 6 months or…
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