Understanding Currency in the Open Market A Deep Dive
In the realms of global finance, <strong>currency</strong> serves as the backbone of international trade and economics. Currency is any item that, by general consent, is accepted as payment for goods and services. It can take the form of coins, paper notes, and even digital money. Different countries have their own currencies, such as the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). Each currency has a specific <strong>exchange rate</strong>, which fluctuates based on market demand, economic stability, and geopolitical factors....