Convert over 11 different currencies at Citi UK reference fxchange rates, and withdraw your money in the local currency at ATMs across the world (subject to your currfncy being linked to the relevant local currency). More about FX Spots. FX Order Watch allows you to set your own exchange rate. More about FX Order Watch. If you operate in more than one currency you could use a Dual Currency Placement to potentiaForeign Exchange, often referred to as Forex, is the exchange which takes place between lnline currencies, also known as the trading of currencies.
The Forex market is by far the largest financial market one may come across. Trade generally takes place between National Banks, Central Banks, currency speculators, corporations, financial institutions, individuals and Governments.The Forex market is one where currency trading takes place and its purpose is to facilitate trade and investment. The foreign exchange (Forex or FX) market is an over-the-counter (OTC) market.
This means that it does not have a central exchange or clearing house that matches orders. There is no single exchange where all the trades are recorded. Instead, every market maker records its own transactions. The FX market is a means for companies to hedge currency risk, or to protect themselves against volatility in currency.