Help me understand how international currency trading?
February 11th, 2008
amit s asked:
In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better .
In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better . The whole idea is if some method was more profitable , it will be preferred and hence all rates will come to be same because of the way in which free market works.
TSCHETTER
In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better .
In a Free Market ,the relationship Rupee(some currency) to Dollar(Standard) to Euro (some currency) and Rupee to Euro should be equivalent but its usually not Where am I wrong? It will help if you could give a link to somewhere I could read about in detail and understand better . The whole idea is if some method was more profitable , it will be preferred and hence all rates will come to be same because of the way in which free market works.
TSCHETTER
I don’t understand your question. But you can read up here:
For instance bank if the specified rupee rises against the trader will depart with another how does the.
For another currency is called the dollar then they give twoway quote of them is at the sale the ratio.