OMICS International

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Exchange Rate


An exchange rate between two currencies in finance, is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. Exchange rates are determined in the foreign exchange market which is open to a wide range of different types of buyers and sellers where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.In the retail currency exchange market, a different buying rate and selling rate will be quoted by money dealers. Most trades are to or from the local currency. The rate at which money dealers will buy foreign currency is the buying rate, and the rate at which they will sell the currency is the selling rate. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading, or else the margin may be recovered in the form of a "commission" or in some other way. Different rates may also be quoted for cash (usually notes only), a documentary form (such as traveler's cheques) or electronically (such as a debit card purchase). The higher rate on documentary transactions is due to the additional time and cost of clearing the document, while the cash is available for resale immediately. Some dealers on the other hand prefer documentary transactions because of the security concerns with cash.

OMICS International Conferences has been organizing scientific conferences around the world progressively, rendezvous which include various streams of scientific study to enhance and accelerate discovery for a better tomorrow.OMICS Group signed an agreement with more than 1000 International Societies to make healthcare information Open Access. OMICS Group hosts over 400 leading-edge peer reviewed Open Access Journals and organize over 300 International Conferences annually all over the world. The number of reader views of the website has clocked 3.5 million and still counting.

List of Forex trading conferences in 2015:
1. Regulatory Compliance Exchange
2. Anti-Corruption Compliance in High Risk Markets
3. FCPA NY
4. Trade Tech FX , USA

List of Societies related to Forex Trading:
1. Victoria Mutual Building Society, Philadelphia USA
2. Greater building Society, Australia
3. ACI Financial market association Paris, France
4. The New York Foreign Exchange Committee
5. ECB Contacts Groups
6. Hong Kong Treasury Markets Association (TMA)
7. The Tokyo Foreign Exchange Market Committee
8. Canadian Foreign Exchange Committee
9. Singapore Foreign Exchange Market Committee
10. Australian Foreign Exchange Committee

List of Foreign exchange related Companies:
1. ActivTrades
2. Beta 2 Limited
3. CMC Markets
4. Forex Bank
5. Global Reach Partners
6. Hirose Financial UK Ltd.
7. Western Union
8. TFI Markets
9. MoneyGram
10. UAE Exchange
11. InstaForex

This page will be updated regularly.

This page was last updated on 08th Oct, 2014

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