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Currency swap – conversion of one. A foreign exchange transaction is an agreement between a buyer and a seller that a fixed amount of one currency will be delivered for some other currency at a specified date. The excess demand for foreign currency has led to a substantial delay in the processing time of FX- orders, which is now reported to be between.
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There are FX brokers who match buy sell orders but do not carry inventory . The rate of depreciation of the dollar against the euro is the percentage increase in the dollar/ euro exchange rate over a year.
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