Foreign Exchange Operations
Foreign exchange operations refer to the buying, selling, and exchange of currencies between different countries. This involves transactions such as converting one currency into another for various purposes including trade, investment, tourism, or speculation. These operations are conducted through financial institutions, such as banks and currency exchange services, and are influenced by factors such as exchange rates, interest rates, and economic indicators. Foreign exchange operations play a crucial role in facilitating international trade and investment, as well as managing risks associated with currency fluctuations.