Currency exchange involves the conversion of one currency into another, and it plays a crucial role in international trade and finance. Individuals and businesses can make money by exchanging currencies when the exchange rate is favorable.
The foreign exchange market, also known as forex, is the largest financial market in the world, with a daily trading volume exceeding $5 trillion. Currency exchange rates are constantly fluctuating, influenced by various economic and political factors. By understanding these factors and predicting exchange rate movements, traders can make profitable trades.