A PANORAMIC VIEW OF "THE LANDSCAPE"
Our planet is comprised of some 193 countries using 164
different currencies!!
If you have ever travelled to another country using other than
your home country's money, you have probably exchanged
what was in your pocket for the currency of that country so
you could buy things while in that country. When leaving to
come back home, you probably exchanged what you still had
of their money back into yours, too.
If you had paid attention, you might had noticed that the
amount each currency was worth in terms of the other one
was different each time by a small amount.
This is the extent to which most people are exposed to
exchanging currencies- but there is SO much more to this
than that!
The global currency exchange began in antiquity as traders
and merchants began buying and selling across national
borders.
This was done by "the money changers" (yep- there is a
passage in the Bible where Christ expelled the same from the
temple for doing just that in a holy place instead of over the
Internet!!) Mathew 21:12
Today, all of the transactions are computerized, and one need
not actually be in another country to change their funds into
that country's money, but there is still a rate of exchange, and
a small fee is still charged by "the exchangers" for making the
switch, too!
Our planet is comprised of some 193 countries using 164
different currencies!!
If you have ever travelled to another country using other than
your home country's money, you have probably exchanged
what was in your pocket for the currency of that country so
you could buy things while in that country. When leaving to
come back home, you probably exchanged what you still had
of their money back into yours, too.
If you had paid attention, you might had noticed that the
amount each currency was worth in terms of the other one
was different each time by a small amount.
This is the extent to which most people are exposed to
exchanging currencies- but there is SO much more to this
than that!
The global currency exchange began in antiquity as traders
and merchants began buying and selling across national
borders.
This was done by "the money changers" (yep- there is a
passage in the Bible where Christ expelled the same from the
temple for doing just that in a holy place instead of over the
Internet!!) Mathew 21:12
Today, all of the transactions are computerized, and one need
not actually be in another country to change their funds into
that country's money, but there is still a rate of exchange, and
a small fee is still charged by "the exchangers" for making the
switch, too!
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| MECHANIX OF FOREX CHAPTER ONE |
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