K- Z
157.5159
Kenya
Shillings
1.3838
Korean
Won
0.0998
Kuwait
Dinar
397.2803
Macau
Pataca
13.9780
Malaysia
Ringgit
35.9131
Maldive Island
Rufiya
8.7188
Mauritius
Rupee
3.7324
Myanmar
Kyat
17.3427
Nepal
Rupee
1.5740
New Zealand
Dollar
86.8694
Nigeria
Naira
0.7413
Norway
Krone
18.7541
Oman
Rial
289.7384
Pakistan
Rupee
1.3060
Papua New Guinea
Kina
43.4347
Philippines
Peso
2.5392
Poland
Zloty
38.6701
Qatar
Riyal
30.6530
Romania
Leu
0.0037
Russia
Rouble
3.6373
Saudi Arabia
Riyal
29.7576
Seychelles
Rupee
9.1102
Singapore
Dollar
86.2176
Solomon Island
Dollar
14.3629
South Africa
Rand
16.0754
Sweden
Kroner
16.2597
Switzerland
Franc
114.2916
Taiwan
Dollar
3.6981
Thailand
Baht
3.7425
U A E
Dirham
30.3847
UK
Pound
179.7095
USA
Dollar
111.6000
Vietnam
Dong
0.0057
Zambia
Kwacha
0.0241
Zimbabwe
Dollar
0.2938
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Friday, December 17, 2010
Sri Lanka Daily Indicative Rates of World Currencies (12.11.2010)
A – J
Country & Currency Indicative Rate (Rs.)
Australia
Dollar
111.2485
Bahrain
Dinar
296.0173
Bangladesh
Taka
1.5824
Brazil
Real
65.0425
Brunei
Dollar
86.6762
Canada
Dollar
110.8628
China
Yuan
16.8284
Czech Republic
Koruna
6.1678
Denmark
Kroner
20.3949
Egypt
Pound
19.4053
EU
Euro
152.0215
Ghana
Cedi
0.0120
Hong Kong
Dollar
14.3970
Country & Currency Indicative Rate (Rs.)
Australia
Dollar
111.2485
Bahrain
Dinar
296.0173
Bangladesh
Taka
1.5824
Brazil
Real
65.0425
Brunei
Dollar
86.6762
Canada
Dollar
110.8628
China
Yuan
16.8284
Czech Republic
Koruna
6.1678
Denmark
Kroner
20.3949
Egypt
Pound
19.4053
EU
Euro
152.0215
Ghana
Cedi
0.0120
Hong Kong
Dollar
14.3970
Exchange Rates (Sri Lanka)
Daily Exchange Rates 12.11.2010
Currency Buying Rate (Rs.)Selling Rate (Rs.)
Dollar (USA) 110.8200 112.4700
Pound (UK) 177.7300 181.7700
Euro (EU) 149.9500 154.2300
Franc
(Switzerland) 112.9000 115.7400
Dollar (Canada) 109.4900 112.3600
Dollar
(Australia) 109.6200 112.7700
Dollar
(Singapore) 85.0900 87.4500
Yen (Japan) 1.3387 1.3743
Currency Buying Rate (Rs.)Selling Rate (Rs.)
Dollar (USA) 110.8200 112.4700
Pound (UK) 177.7300 181.7700
Euro (EU) 149.9500 154.2300
Franc
(Switzerland) 112.9000 115.7400
Dollar (Canada) 109.4900 112.3600
Dollar
(Australia) 109.6200 112.7700
Dollar
(Singapore) 85.0900 87.4500
Yen (Japan) 1.3387 1.3743
Forex ECN Broker
ECN is an acronym for Electronic Communications Network. A Forex ECN broker does not have a dealing desk but instead provides a marketplace where multiple market makers, banks and traders can enter in competing bids and offers into the platform and have their trades filled by multiple liquidity providers in an anonymous trading environment. The trades are done in the name of your ECN broker, thereby providing you with complete anonymity. A trader might have their buy order filled by liquidity provider "A", and close the same order against liquidity provider "B", or have their trade matched internally by the bid or offer of another trader. The best bid and offer is displayed to the trader along with the market depth which is the combined volume available at each price. A greater number of marketplace participants providing pricing to the ECN broker leads to tighter spreads. ECN's typically charge a small fee for matching trades between their clients and liquidity providers.
Forex Platforms
Today, on Internet are present numerous sites that use various Forex platforms, as usually are called applications, i.e. the software that allow us to sell and to buy currencies in the real time. The purpose of this page is to supply to potential users useful information about some of them, that use frequently and that acquaint well. Hope that this can help especially those that approach
Selection of Forex platforms are based on seriousness, reputation and tradition of the companies that manage particular platform, security of the platforms, simplicity and powerful at the same time of the interface, and availability of training mode, so client can become familiar with platform, before he starts to operate with the real money. Surely, very important elements for trading are applied spread, especially for the majors, the most traded, bonuses and prizes, security, simplicity and celerity of the procedures of funds and withdrawals from your account, and of course assistance and support offered to the clients.
Selection of Forex platforms are based on seriousness, reputation and tradition of the companies that manage particular platform, security of the platforms, simplicity and powerful at the same time of the interface, and availability of training mode, so client can become familiar with platform, before he starts to operate with the real money. Surely, very important elements for trading are applied spread, especially for the majors, the most traded, bonuses and prizes, security, simplicity and celerity of the procedures of funds and withdrawals from your account, and of course assistance and support offered to the clients.
What is a Forex Chart?
Forex trading involves the sale of a currency, and the simultaneous purchase of another with the purpose of closing the position at a later time with a profit. Unlike in the stock or commodities markets where prices are routinely quoted in USD, the price of a currency can be quoted in any other currency due to the essentially bartering nature of currency transactions where live, as well as historical forex charts are used to identifytrends and entry /exits points for trades.
The forex market is the most liquid and active market in the world. At every single second an enormous amount of transactions gets executed, with the total daily turnover being regularly estimated to reach trillions of dollars. If we did not make use of an analytical tool such as a forex chart to place the data into a more compact form where it can be visually examined and analyzed, we would be in possession of a vast sea of difficult to interpret numbers. The forex trading chart, then, is a visual aid that makes the recognization of trends, and patterns in general easier, and makes the application of technical tools of analysis at all possible.
Charts are categorized according to the way price action is depicted as well as the time frame of the period being examined. Imagine that we have 4-hourly candlestick chart of the EURUSD pair. This means that each candlestick on the graph presents the price data of a four-hour long period in a compact form. What happens inside that time period is irrelevant. If we had chosen an hourly chart, each candlestick on the chart above would be replaced by four different candlesticks.
There are many ways of depicting the price action on a forex trading chart. Bar charts, candlestick charts, line forex trading charts are a few of the many options available, with each offering its own advantages in some aspect of analysis and utility. But they all do the same thing: they plot the prices of a day (or some mathematical manipulation of the price data) to the time series on the horizontal axis which is then used by traders to evaluate and understand the market action for the purpose of making a profit.
Since currencies are traded in pairs, it’s impractical and not very useful to draw a pure USD forex chart. Instead we have the option of drawing (or rather having the software plot for us) a chart of the USDJPY pair, or the AUDUSD pair, since it is only possible to quote a currency in terms of another. On the other hand, there are some forex charts that take weighted average of such currency pairs to derive an overall index for a currency. The famous USD index, is a good example.
Charts are the keys that allow us to unlock the secrets of forex trading. The subject covers a vast ground, and only by continuous practice can we expect to acquire the necessity fluency and expertise in evaluating them. The language of forex charts is really the language of currency trading. It will take some time to learn it, but when you are a native speaker, so to speak, your imagination and creativity are the only limits to your potential.
The forex market is the most liquid and active market in the world. At every single second an enormous amount of transactions gets executed, with the total daily turnover being regularly estimated to reach trillions of dollars. If we did not make use of an analytical tool such as a forex chart to place the data into a more compact form where it can be visually examined and analyzed, we would be in possession of a vast sea of difficult to interpret numbers. The forex trading chart, then, is a visual aid that makes the recognization of trends, and patterns in general easier, and makes the application of technical tools of analysis at all possible.
Charts are categorized according to the way price action is depicted as well as the time frame of the period being examined. Imagine that we have 4-hourly candlestick chart of the EURUSD pair. This means that each candlestick on the graph presents the price data of a four-hour long period in a compact form. What happens inside that time period is irrelevant. If we had chosen an hourly chart, each candlestick on the chart above would be replaced by four different candlesticks.
There are many ways of depicting the price action on a forex trading chart. Bar charts, candlestick charts, line forex trading charts are a few of the many options available, with each offering its own advantages in some aspect of analysis and utility. But they all do the same thing: they plot the prices of a day (or some mathematical manipulation of the price data) to the time series on the horizontal axis which is then used by traders to evaluate and understand the market action for the purpose of making a profit.
Since currencies are traded in pairs, it’s impractical and not very useful to draw a pure USD forex chart. Instead we have the option of drawing (or rather having the software plot for us) a chart of the USDJPY pair, or the AUDUSD pair, since it is only possible to quote a currency in terms of another. On the other hand, there are some forex charts that take weighted average of such currency pairs to derive an overall index for a currency. The famous USD index, is a good example.
Charts are the keys that allow us to unlock the secrets of forex trading. The subject covers a vast ground, and only by continuous practice can we expect to acquire the necessity fluency and expertise in evaluating them. The language of forex charts is really the language of currency trading. It will take some time to learn it, but when you are a native speaker, so to speak, your imagination and creativity are the only limits to your potential.
How to do a money transfer online
1. Sign up with OzForex
2. Will electronically verify your details and in most cases you won’t have to send in any paperwork. If do require additional documents, you can easily upload them to your OzForex account or fax, email or post them.
Please note that are legally obligated to get proper identification from all customers.
3. Now you can enter all your payment details and get a quote for your money transfer online.
4. If you are happy with the rate, book your deal and one of dealers will get in touch with you to confirm the deal and your payment details.
5. You will then receive an email with the confirmed deal and our bank details.
6. Now simply arrange to transfer money online to our designated account and will do the rest for you.
2. Will electronically verify your details and in most cases you won’t have to send in any paperwork. If do require additional documents, you can easily upload them to your OzForex account or fax, email or post them.
Please note that are legally obligated to get proper identification from all customers.
3. Now you can enter all your payment details and get a quote for your money transfer online.
4. If you are happy with the rate, book your deal and one of dealers will get in touch with you to confirm the deal and your payment details.
5. You will then receive an email with the confirmed deal and our bank details.
6. Now simply arrange to transfer money online to our designated account and will do the rest for you.
Buying / Selling & Margin / Leverage
Buying / Selling
First, the traders should determine whether they want to buy or sell. If they want to enter a short order - whereby they will profit if the exchange rate falls - they simply need to click on the SELL rate. The opposite holds true for traders who enter buy orders: they can simply click on the BUY rate, and thus will profit if the exchange rate goes up.
Margin / Leverage
FX accounts are margined: a trader can hold a market position much larger than the value of the trader's account value. The online trading platform which FOREXYARD offers has margin management capabilities, which allow lenient margin requirement of up to 1/2%. However, we do not recommend using leverage of more than 10 times your account value. Using leverage exaggerates both gains and losses. Even when market conditions are relatively calm, using leverage can generate large gains or losses. In the case where a trader surpasses the maximum leverage allowed (which can happen when account equity shrinks as a result of trading losses), the trading system will close all open positions in the account. This prevents client's accounts from falling into a negative balance, even in a highly volatile, fast moving market.
First, the traders should determine whether they want to buy or sell. If they want to enter a short order - whereby they will profit if the exchange rate falls - they simply need to click on the SELL rate. The opposite holds true for traders who enter buy orders: they can simply click on the BUY rate, and thus will profit if the exchange rate goes up.
Margin / Leverage
FX accounts are margined: a trader can hold a market position much larger than the value of the trader's account value. The online trading platform which FOREXYARD offers has margin management capabilities, which allow lenient margin requirement of up to 1/2%. However, we do not recommend using leverage of more than 10 times your account value. Using leverage exaggerates both gains and losses. Even when market conditions are relatively calm, using leverage can generate large gains or losses. In the case where a trader surpasses the maximum leverage allowed (which can happen when account equity shrinks as a result of trading losses), the trading system will close all open positions in the account. This prevents client's accounts from falling into a negative balance, even in a highly volatile, fast moving market.
Who trades currencies, and why?
Daily turnover in the world's currencies comes from two sources:
• Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
• Speculation for profit (95%).
Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.
The world's most traded market, trading 24 hours a day
With average daily turnover of US$3.2 trillion, forex is the most traded market in the world.
A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.
Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.
• Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
• Speculation for profit (95%).
Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.
The world's most traded market, trading 24 hours a day
With average daily turnover of US$3.2 trillion, forex is the most traded market in the world.
A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.
Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.
Types of Trends
The direction of the trend is absolutely essential to trading and analyzing the market. In the Foreign Exchange (FX) Market, it is possible to profit from both UP and Down movements, because the buying and selling of one currency is always linked to another currency e.g. BUY US Dollar SELL Japanese Yen.
Up Trend
As the trend moves upwards the US Dollar is appreciating in value.
Down Trend
As the trend moves downwards the US Dollar is depreciating in value.
Sideways Trend
Prices are moving within a narrow range (The currencies are neither appreciating nor depreciating)
Up Trend
As the trend moves upwards the US Dollar is appreciating in value.
Down Trend
As the trend moves downwards the US Dollar is depreciating in value.
Sideways Trend
Prices are moving within a narrow range (The currencies are neither appreciating nor depreciating)
The Forex Currency Markets
The Forex Trading market consists of all currency markets around the globe such as the Euro-currency Marketplace. The foreign currency exchange market is virtual. There is no particular main location that is the foreign currency market. It exists in the dealing houses of numerous central banks, large international banks, and a few large corporations. The dealing houses are generally connected by means of phone, computer, and fax. Some nations around the world co-locate their dealing rooms in one center. The Euro Forex Trading Market is where borrowing and lending of currency happens. Interest rates within the numerous currencies are organized in this market.
Trading on the Foreign Exchange Market establishes prices involving exchange for currency. Forex rates are constantly changing on the forex market. As the need increases and falls for particular foreign currencies, their forex trading rates correct accordingly. Immediate rate quotations are on hand from a service made available by Reuters. A quote of exchange for forex trading currencies is the ratio at which a single currency is exchanged for another.
The forex trading market lacks the regulation, no limitations or overseeing body. Should presently there possibly be a global fiscal crisis within this marketplace; there isn’t a mechanism to quit trading. The Federal Reserve Bank of New York publishes specifications for forex trading. Inside their “Guidelines for Currency Trading”, they outline Fifty best tactics for trading on the currency markets.
Trading on the Foreign Exchange Market establishes prices involving exchange for currency. Forex rates are constantly changing on the forex market. As the need increases and falls for particular foreign currencies, their forex trading rates correct accordingly. Immediate rate quotations are on hand from a service made available by Reuters. A quote of exchange for forex trading currencies is the ratio at which a single currency is exchanged for another.
The forex trading market lacks the regulation, no limitations or overseeing body. Should presently there possibly be a global fiscal crisis within this marketplace; there isn’t a mechanism to quit trading. The Federal Reserve Bank of New York publishes specifications for forex trading. Inside their “Guidelines for Currency Trading”, they outline Fifty best tactics for trading on the currency markets.
What is Forex (Foreign Exchange)?
Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange). It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.
Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the FOREX market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets.
MG Financial, now operating in over 100 countries, serves all manner of clients, comprising speculators and strategic traders. Whether it’s day-traders looking for short-term gains, or fund managers wanting to hedge their non-US assets, MG's Deal Station allows them to participate in FOREX trading by providing a combination of live quotes, Real Time Chart, and news & that attracts traders with an orientation towards fundamental and/or technical analysis.
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