Can I Sign New York Banking Work Order

Interactive currency bulletin

the foreign 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 are the three largest security markets in the world they have a daily trading volume of around 300 billion US dollars combined the foreign exchange market has a daily trading volume of around six point six 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 so what is going on here beyond tourists changing their money out to go shopping on holidays why does this market even exist well in this video I want to explore three things why is a foreign exchange market so large influential who actually conducts these trades and how and while we're here why is it that the UK pound is so valuable compared to all other currencies we live in an increasingly globalized world everyday businesses are more and more reliant on global supply chains to ensure that products and services are produced and provided in the best country possible you want something manufactured cheaply produce it in China you want something built to the highest standard build it in Germany you want the best seafood import it from Japan 100 years ago this wasn't the way most countries thought you either produced something locally or it basically didn't exist at all trade was incredibly minimal and it was seen as an extreme luxury to have something like a foreign motor car or imported food today this is the norm it might actually be hard for some people to find something in their house that was produced in their home country this was because the world cottoned on to the idea of comparative advantage if you ask Germany to produce our iPhones they could do it very easily they have the infrastructure and technical expertise to produce these devices with no real problem at all but Germany has very expensive and limited labor it also has very stringent environmental regulations regarding industrial waste and it is not close to the component suppliers for this type of product so these German iPhones would cost an astronomical amount educated estimates put it at around four thousand US dollars similarly if you want to China to build a high-end luxury sports car it probably could do it China has shown that it has the industrial capacity to design and manufacturer its own cars but they are kind of a bit yeah this is because China is more suited to mass medium quality manufacturing like say producing iPhones it has a much larger low skilled labor force looser environmental regulations and it is the home of the factories that make the components that make the phones what this means is that instead of Germany trying to allocate...