Forex Interbank
When people talk about the “currency market,” they’re referring to the interbank market. the interbank market is where the really big money changes hands. minimum trade sizes are one million of the base currency, such as €1 million of eur/usd or $1 million of usd/jpy. much larger trades of between $10 million and $100 million The interbank market is the top-level foreign exchange market where banks exchange different currencies. the banks can either deal with one another directly, or through electronic brokering platforms. the electronic broking services (ebs) and thomson reuters dealing are the two competitors in the electronic brokering platform business and together connect over 1000 banks. Interbank and live exchange rates foreign exchange rates are always on the move, so it’s wise to check out the charts before you make your payment. interbank rates, also commonly referred to as market rates, are the official live conversion rates for a given currency pair. the interbank rate is t...