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\nThe Economics of Foreign Exchange: The Mighty Pound\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nThe foreign currency exchange market is one of the most influential markets in the world today, the New York stock exchange, the Nasdaq and the Tokyo stock exchange the three largest securities markets in the world have a daily trading...\nThe foreign currency exchange market is one of the most influential markets in the world today, the New York stock exchange, the Nasdaq and the Tokyo stock exchange the three largest securities markets in the world have a daily trading volume of around 300 billion USD combined… the foreign exchange market has a daily trading volume of around 6.6 trillion dollars per day according to the Bank for International Settlements (which is basically the central bank for central banks). This daily figure is more than the annual GDP of all but two of the largest nations on earth, China and the USA. Well, in this video I want to explore three things: Why is the foreign exchange market so large and influential? Who actually conducts these trades and how? And while we are at it why is it that the UK pound is so valuable compared to all other currencies?

Helping you become more knowledgeable about how the world works, our content covers the biggest topics and headlines through the eyes of economists. The team explores a wide range of subjects improving your ability to understand the world more clearly.
This is economics, explained.

The Economics of Foreign Exchange Part 3\n
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Resource Details

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Media Length
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2:06
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2019
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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Concepts

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gold, pound, grams, cost, exchange
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the economy of foreign exchange, the economics of foreign exchange, the economy of foreign exchange explained, the economics of foreign exchange explained, foreign exchange economics explained, economics explained foreign exchange, foreign exchange economics, how foreign exchange economy works, forex economics, forex economy, forex economics explained, forex economy explained, how forex economics works, forex market economics, forex trading economics, economics explained, seaboard corporation, valuable, good, share, today, unit, currencies, dollar, exchangeable, reality, dollars, amazon, costs, amount, shares, intrinsic, mclaren, paper, piece
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Best For: Explaining a topic
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