FOREX EXCHANGE RATES

The exchange rate refers to the values ​​of the currencies of the two countries against each other. Any currency
the type of the type, it is in accordance with the level of supply and demand in foreign or free
The currency of the country in which the currency belongs belongs to the market by buying money from the market or
it can be determined within the framework of its interventions.
In international markets, each currency has a generally accepted symbol. The symbols of some currencies are:
Based on these symbols, a symbol of each exchange rate is also formed. Each exchange rate symbol
Contains 6 characters. The first three characters are one of the currency pair, the other three characters represent another pair of currency pairs.
For example, the euro to the US dollar is called the EUR / USD (or EURUSD).
Basic Concepts of Forex
In FX transactions, the market participant who trades at exchange rates and trades at these exchange rates
na called the market maker (market maker). Approximately 20% of world banks market market transactions
has played a constructive role. Approximately 60% of the total transactions in financial markets are performed by market makers such as these banks.
Participants who perform their commercial transactions on the value determined in the market
user (market user).
The exchange rate and the related fiction are as follows:
USD / CHF = 1.3450 / 60 (or 1.3450 - 1.3460)
Such spellings can be purchased with the Swiss franc at US $ 1.3460 and at 1.3450
means that you can sell. Buying a value of 1.3450 in the same way market value (Bid), buying the value of 1.3460
(Ask) is called fyati. Pip value is the smallest rate of change seen in foreign exchange price.
For example: The rise in the exchange rate from 1.3450 to 1.3455 indicates a 5 pips change.
However, in some applications, there are not 5 but 4 digits after the point. In these cases, the
takes points or points. www.investaz.com.tr
For example, the foreign exchange rate increased from 1.34528 to 1.34572 and 44 points in points
Indicates an increase of 4.4 pips.
Spread - The difference between purchase and sale is: 1.3460 - 1.3450 = 10 pips.
In FX transactions, the standard bank spread may vary from 5 pips to 10 pips.
Big Figure - is a 100 pip change of prices.
For example: 1.3460 to 1.3560.
Hedge - is a system of protection against loss risks by taking positions at different exchange rates.
Forex Growth in Turkey:
As the households of our recent history during the high en ’asion periods,
we have shown great interest in gold and foreign to protect our revenues and savings. Physical and
Perhaps most of us did not know that the gold and foreign exchange transactions we performed without leverage were called FX. FX operations despite energy, time, high cost and storage defects
has an important place in our socio-economic identity.
In parallel with the rapidly growing technological developments in the 21st century, FX
we met. The FX market, which was initially demanded for a limited period, reached serious figures in a short period of time where policy makers could not be indifferent. Thus, as of 31.08.2011, the FX market was decided by the Capital Markets Board (CMB).
has been bound by some standard criteria with the authority to regulate and control. Investors' guarantees
Takasbank has been taken under the guarantee. FX service only in CMB-licensed brokerage houses as of 2011
Employees are granted by CMB license. The FX market transactions in Turkey as of January 2014
volume is close to USD 250 billion.9