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shwetha (CWA learner)     05 December 2011

Forex rates

I heard that FOREX rate fluctuates almost every 4 seconds, that means 21,600 times a day. Can anybody tell me what are the factors influences to change. Also how they know the exact % to change. This question is applicable to gold rate and ruppe rate also petrol rate. plssssssssss answer.



 2 Replies

Prakash

Prakash (Chartered Accountant)     05 December 2011

HI Shwetha,

Its all about Demand , Supply or Availability, Bargaining Power and a lot more factors effects the rate. Follow this link, here Mr Khan will explain you in detail

There you have a couple of videos regarding Currency Fluctuations

https://www.khanacademy.org/video/currency-exchange-introduction?playlist=Currency

shwetha

shwetha (CWA learner)     07 December 2011

thq prakash


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