Foreign Exchange (FX) Market

Foreign Exchange (FX) Market

Intuition Publishing
Updated Sep 23, 2020

The market for foreign currencies (or FX) is an over-the-counter market that operates 24 hours a day. With several trillion dollars of foreign currency trading conducted per day, the FX market far exceeds even the largest domestic securities and futures markets. Here we look at the motivations behind foreign currency transactions, how spot and forward exchange rates are quoted, and examine the size of the global FX markets.