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Discover foreign currency market, allowing different currencies to be traded. Learn more about the forex markets, the largest trading platform in the world.
This is a pre-1923 historical reproduction that was curated for quality. Quality assurance was conducted on each of these books in an attempt to remove books.
Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC).



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foreign exchange rates. Ferson and Harvey (1994) demonstrate the importance of a foreign exchange risk premium in explaining international equity index.