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Foreign Exchange Payments and Receipts. Determine the best currency for your transactions to help manage international cash flows and exchange rate risks. View accurate and reliable live mid-market exchange rates from the global currency markets, generated from over international sources.
Wikipedia explains foreign exchange reserves. (emphasis mine) [my comment] Foreign exchange reserves Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.
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The foreign exchange market is a global online network where traders buy and sell currencies. It has no physical location and operates 24 hours a day, seven days a week. It sets the exchange rates for currencies with floating rates.Foreign exchange market and currency