FOREX TRADING
Definition of FOREX: The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion. Online forex trading company include Easy-Forex, CMSforex, fxcm, delta stock trading, wall street and more. Refinancing refers to the replacement of an existing debt obligation with a debt obligation bearing different terms. The most common consumer refinancing is for a home mortgage. Best Refinance Mortgage Rates can find esily online.
Tuesday, August 25, 2009
Historical Foreign Exchange Rate Comparisons - Australian Dollar (AUD) vs GBP, USD, Euro and SGD
Although history is not an absolute guide to the future, historical foreign exchange rates should be one of the factors considered when deciding whether and when to make significant money transfers, or whether to take out a foreign currency loan to purchase an asset (eg. property in Australia or elsewhere).
Provided below are four charts comparing AUD exchange rates against the GBP, USD, Euro and SGD over the ten year period to July 2009. Should you wish to explore other historical periods and other forex currency pairings then these are available on the Ozforex website - see Long Term Charts on the home page.
0 comments:
Post a Comment