The market for foreign exchange can be viewed as a two-tier
market. One tier is the wholesale or interbank market and the other
tier is the retail or client market. International banks provide
the core of the FX market. They stand willing to buy or sell
foreign currency for their own account. These international banks
serve their retail clients, corporations or individuals, in
conducting foreign commerce or making international investment in
financial assets that requires foreign exchange. Please discuss the
Give a full definition of the market for foreign exchange.
What is the difference between the retail or client market and
the wholesale or interbank market for foreign exchange?
Who are the market participants in the foreign exchange
How are foreign exchange transactions between international