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Accessing Money When Traveling Internationally

If your business travel plans will take you to foreign countries, it’s best to decide how you’ll pay for goods and services abroad before you leave home. That familiar grocery store chant, “Paper or plastic?” is only part of the equation.

World Currencies Education and Training

World currencies education and training is essential in this day and age of global communication. Managing foreign currency is often unavoidable in the business world and just like other aspects, currencies from around the world change constantly.

World Currencies Key Terms

World currencies are the monetary systems that a country uses to do business within that country. Governments exchange money when they purchase foreign goods and businesses exchange money with other countries when they do business with them.

Top 7 Questions About Currency Trading Answered - Investopedia

Whether you are an FX novice or just need a refresher course on the basics of currency trading, read on to find the answers to the most frequently asked ...

XE - Currency Trading and Forex Tips -

These articles discuss currency trading as buying and selling currency on the Forex market, trading basics, tools and techniques, and also contains a glossary of ...

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Is Currency Trading Worth the Risk? - WSJ

Jul 9, 2011 ... Michael Bolduc has seen his account wiped out three times since he started trading currencies. Yet he still keeps returning to the high-risk, ...

Foreign exchange market - Wikipedia, the free encyclopedia

The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. In terms of volume of trading, it is by far ...

FXCM: Forex Trading

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Forex Trading, What is it? Learn how to Trade with Strategies & Tips ...

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How to Trade Forex: 12 Steps (with Pictures) - wikiHow

How to Trade Forex. Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of investment ...

Currency Trading News - Bloomberg

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World Currencies Basics

There are over 150 major currencies of the world out there, each with a frequently changing value in relationship to other world currencies. Whether you do business with international clients and need exchange rates, or you invest and need stock-related information regarding major world currencies, or you're traveling and need to convert dollars to foreign currencies, it's important to understand the basics of currencies from around the world.

There are three main areas of interest to the average U.S. citizen investigating world currencies: the euro (since most Americans travel most often to Europe), the major world currencies (since they drive economic activity around the world), and the dollar, because the U.S. Dollar is still a standard for establishing the value of other currencies. In this guide, we'll look at how to:

1. Map the Euro and find out where it is used;

2. Evaluate the major currencies of the world and their values; and,

3. See the U.S. Dollar in a global light.

Connect the dots to find out where the Euro is a major world currency

It's called the euro, so it must be used in Europe, right? Or at least in countries that are part of the European Union? It's not that simple; the euro is not used generally throughout Europe, but it's still one of the most powerful currencies of the world, and well worth studying.

Bank on the strength of the major currencies of the world

Of those 170 or so world currencies, which are the strongest, most stable, and most easily traded? Foreign currencies are judged by many standards, including their U.S. Dollar reserve, economic growth, and low inflation. Different currencies are judged the strongest at different times, but the same contenders are always in the race.

Appreciate the dollar in its role as an international currency

The United States took a long time to establish -- and really use -- the dollar as its official currency. Federally minted dollars were not enforced as currency until the Civil War. But, the world picked up on the U.S. Dollar right away, and despite the growth of other national economies, the U.S. Dollar remains a currency standard for the world.
The New York Times you can read an article that details why foreign nations adopt the U.S. Dollar as their currency.
  • Three countries other than the U.S. use the actual U.S. Dollar as their currency: Ecuador, El Salvador and Timor-Leste. Eight countries compare the value of their currency directly to the U.S. Dollar: Bahamas, Barbados, Belarus, Belize, Bermuda, Hong Kong, Lebanon and Saudi Arabia.

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