Currency markets

Currency crisis and currency war are two different phenomena but bring same results, and that is sharp decline in the value of currency. It is also called devaluation of currency. Meaning and definition of currency crisis or war In currency crisis, currency gets devalued due to huge deficit of balance of payments. But, in case […]

In the today’s economically integrating world, political borders are not so effective to control the flow of capital when the countries are fully convertible on current account. When the world is single marketplace, the importance of currency market and need for convertibility is growing never before. Let’s learn the currency market and convertibility in detail.