I’m learning about the foreign exchange market and I’m starting to understand it better but I’m still mad confused about certain things. I know my questions might come off as stupid but I'm still learning.
1. I know when different countries exchange goods, if the USA has to buy goods from the UK using the UK currency and then the forex market gives them the relevant exchange rate. The US can “fix” the Future exchange rate by buying on a forward contract. But why does the forex market’s exchange rate need to be fixed? Is the forex market’s exchange rate not exact?
2. The buying company can fix the exchange rate but they’ll miss out on savings if the market moves in their favor. Would the market move in their favor if the price of USD in British Pounds winds up being cheaper? Or am I wrong?
3. This would be the currency pair USD/GBP. Would the market go up or down if the US to UK conversion is cheaper? Or am I missing something?2 AnswersInvesting2 months ago
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