obc forex rates


Is foreign currency exchange (forex) trading right for You?

    Foreign Currency Exchange (Forex) Trading For Individual Investors Individual investors who are considering participating in the foreign currency exchange (or “forex”) market need to understand fully the market and its unique characteristics. Forex trading can be very risky and is not appropriate for all investors.

How is exchange rate determined?

    At any point in time, in a given country, the exchange rate is determined by the interaction of the demand for foreign currency and the corresponding supply of foreign currency. Thus, the exchange rate is an equilibrium price (StE) determined by supply and demand considerations, as shown by Exhibit I.1.

Is the foreign exchange market regulated?

    The foreign exchange market is largely an unregulated market. Only exchange-traded derivative contracts are subject to formal regulation. The U.S. banks participating in the spot market are supervised by the Federal Reserve System and must report their foreign exchange position on a periodic basis.

What is the share of electronic trading in the foreign exchange market?

    The share of electronic trading went from 2% in 1993 to almost 20% in 2001. In the last BIS survey, in 2022, the share of electronic trading in the spot foreign exchange market was close to 60%. For certain market segments, such as those involving the major currencies, electronic brokers reportedly covered 90% of the interbank market.
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