Generally, every country has its unique currency. Therefore, to conduct transactions, you must swap your own nation’s currency for the one used in that nation. This act of converting one nation’s currency into another at a predetermined rate is known as foreign exchange (Forex). The demand and supply market dynamics determine the fluctuating foreign currency exchange rates for practically all currencies.
What is Foreign Currency Exchange?
The foreign exchange, often known as the currency exchange, is an international over-the-counter market where the exchange rates of different currencies are set. Orient Exchange aims to give the best and transparency in the currency exchange rate.
How does Foreign Currency Exchange Work?
For international travel to take place, foreign currency is needed. Indian rupees and US dollars are used when Indian travels to the the United States. For example, Indian must use dollars while travelling to the United States.