Trading Currency Blog

M.S. V asked:


On wikipedia it says: A nation with a trade deficit will experience reduction in its foreign exchange reserves which ultimately lowers (depreciates) the value of its currency. Why does a reduction in the foreign exchange reserves lower the value of currency?

BARBARA

rogad33 asked:


i have been told that the american dollar is widely accepted in jamaica, but some trip websites suggest exchanging us currency for jamaican currency. If i dont use all of the jamaican currency, am i stuck with it or can i trade it back for american currency? if you cant tell already..lol…this will be my first trip out of the country.

VANESS

westphalia1 asked:


Can an offshore Multi Currency account be used to exchange one currency for another and trade your way up in value? As opposed to actual FOREX trading? Say USD/ISK (iceland Krona)-wait for your initial deposit to go up in value and then invert this to a different pair and keep repeating this procedure? Thanks

ROLLMAN