To give you an analogy, the same difference between an Airline and its flight number. Foreign Exchange refers to a currency type. For example US Dollars, or Philippines Peso, Kenyan Shillings, etc. Foreign Exchange rate refers to the the exchange rate between two currencies. If I hand over to you 1 unit of my currency, how many units […]
How do I get Forex account replenished while the central bank of our country makes a huge restriction on foreign currency transfers?
When a country places outgoing or foreign exchange limits, a new market mushrooms literally overnight, one that expects you to pay a premium and can do exactly what the government does not want you to do. There are plenty of people in every economy who would be willing to provide such a netting off service for a […]