Abstract
The foreign-exchange market is the market in which currencies of different countries are traded. The market performs two major functions: it facilitates the foreign-exchange needs of exporters and importers, and it enables individuals, corporations and governments to obtain a desired currency mix of their portfolios, both in terms of assets and liabilities.
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Frenkel, J.A., Levich, R.M. (2018). Spot and Forward Markets. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1813
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1813
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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