FOREX Bank is a Swedish financial services company specialising wiki Forex currency exchange services. The company was started in 1927 providing services for travellers, at the Central Station in Stockholm. The company was subsequently acquired by Statens Järnvägar, the Swedish State Railways, which expanded the operations until it was sold to Rolf Friberg in 1965.
The company was for many years the only one apart from the banks that was licensed to conduct currency exchange in Sweden. This European bank or insurance-related article is a stub. You can help Wikipedia by expanding it. This Sweden-related article is a stub. Jump to navigation Jump to search “Forex” redirects here.
This market determines the foreign exchange rate. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as “dealers”, who are involved in large quantities of foreign exchange trading. The foreign exchange market assists international trade and investments by enabling currency conversion.