Ravandi Currency Exchange - ارز راوندی
Money Exchange London
***This is not the official Ravandi website and is in no way connected to Ravandi***
Ravandi Trade & Finance Co.
24 North Audley Street
London W1K 6WD
020 7499 5455
Fax: 020 7629 2974
The currency exchange market (forex, FX, or currency market) is a global, worldwide decentralized over-the-counter financial market for trading currencies.
Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends.
The currency exchange market determines the relative values of different currencies. The primary purpose of the currency exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency.
For example, it permits a US business to import British goods and pay Pound Sterling, even though the business's income is in US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow low-yielding currencies and lend high-yielding currencies, and which may lead to loss of competitiveness in some countries.
In a typical currency exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency. The modern currency exchange market began forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.
The currency exchange market is unique because of
its huge trading volume, leading to high liquidity;
its geographical dispersion;
its continuous operation: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday!