Cryptocurrency Q&A
Who controls the foreign exchange market?
Who controls the foreign exchange market?
Silvia
Wed Feb 26 2025
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6
answers
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I'm wondering who exactly controls the foreign exchange market. Is it governments, banks, or some other entity? Who has the power to influence currency exchange rates in the global market?
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6 answers
Elena
Fri Feb 28 2025
Despite its decentralized nature, commercial banks play a crucial role in the market as market makers.
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BitcoinBaron
Fri Feb 28 2025
They facilitate trading by providing quotes for currency pairs and standing ready to buy or sell currencies at those prices.
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MysticGalaxy
Fri Feb 28 2025
The foreign exchange market operates in a decentralized manner.
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Sara
Fri Feb 28 2025
Central banks, on the other hand, wield significant power and influence in the foreign exchange market.
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GyeongjuGlorious
Fri Feb 28 2025
Unlike other financial markets, there is no single entity or organization that exercises control over it.
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