--%>
Assignment Help - homework help

Interbank currency trading

Explain, why do most interbank currency trading globally include the U.S. dollar?

E

Expert

Verified

Globally, trading in currencies is in contrast to the common currency having the international appeal. That currency has been the U.S. dollar form the end of World War II.  Though, Japanese yen and deutsche mark have started to be utilized much more as international currencies in the current years.  Also, trading could be exceedingly burden and is also complex to manage in case every trader makes a market against another currency.

   Related Questions in Financial Accounting

  • Q : Human race in our modern world Here are

    Here are two papers addressed to the in-class essay from the previous class. Study them in the context of the exact wording of the assignment and take some notes that will enable you to refer to specific features of the two papers when talking about their relative qua

    		•
  • Q : What is Market for foreign exchange

    Provide a complete definition of Market for foreign exchange.

    		•
  • Q : Asset Owned by an entity, something

      Owned by an entity, something that provides benefits and whose cost can be measured. The measure of the value of assets in dollar appears on the

    		•
  • Q : Explain Gross margin Explain Gross

    Explain Gross margin with their appropriate formulas?

    		•
  • Q : Case study of a pharmaceutical group in

    The XYZ Group, a supplier of pharmaceutical equipment, systems and services, has its head office in London and primary production facilities in the US. The company also has a successful subsidiary in South Africa, which was established in 1990. XYZ South Africa does n

    		•
  • Q : Difference between Finance and Accounts

    What are the basic differences between Finance and Accounts?

    		•
  • Q : Evaluating the cost of intangible asset

    How to evaluate the cost of intangible asset?

    		•
  • Q : Case study of an economic and labour

    The woman in the dark suit (serious women always wear black suits) leafed through the papers on her desk. She was a fund manager and she was nearing the deadline for an investment decision by one of her leading clients, who wanted to invest in sovereign bonds in a dev

    		•
  • Q : Prepare the journal entry to record the

    The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance % uncollectible 0-30 days $674,000 0.5% 31-60 days 186,000 1.2% <

    		•
  • Q : Special drawing rights Discuss how the

    Discuss how the special drawing rights (SDR) are formed. And also, explain the circumstances due to which SDR was created.

    		•