Currency Conversion Rates
The Forex market was set up to make sense of and give stability to currency conversion rates. Currency conversion rates are the rates at which the money of one country is exchanged for the money of another country. For example, the current rate of exchange between the US dollar and the Mexican peso is 13.24 pesos to the dollar. As a simple example, you deal with currency conversion rates when you change dollars for pesos, dollars for Yen or British pounds for US dollars at a money changer when you are traveling. But these rates are different from official currency conversion rates. That is because the money changer needs to make a profit and quotes different rates for buying and selling one currency versus another. Currency conversion rates are better when you use your VISA card because the company gets the Forex rate established by daily online currency trading. And, it is the international business community and central banks the set official currency conversion rates with which we are concerned today.
Supply and Demand Sets Prices
The major Forex markets are London, New York and Tokyo. Because these markets are spaced out around the planet there is active currency trading virtually twenty-four hours a day on each and every business day throughout the year. In Forex markets currency conversion rates are quoted as spot rates which is the current exchange rate and forward exchange rates which is the rate traded today but for delivery at a specified later date. The strength of an economy, interest rates of a country and central bank policy determine the strength of one currency versus another. If interest rates go up in the USA and down in Brazil traders tend to buy US dollars. If US employment numbers falter while Japan's economy is humming along the dollar tends to fall versus the Yen. Currency conversion rates are largely determined by what traders believe will happen in the near future as market sentiment ebbs and flows.
Central Banks, National Economic Policy and Politics
Currency conversion rates are not solely determined by economic and interest rate factors. A prime example is the use of currency manipulation by exporting nations to keep their currency cheap in order to sell more products to other nations. Japan has a history of selling products to the USA and then keeping the dollars that they receive as a reserve currency. They do this rather than converting dollars received into Yen. This has the effect of buying dollars with Yen and tends to raise the value of the dollar and reduce the value of the Yen. Taiwan followed suit with this strategy as did South Korea and eventually China entered the picture and kept their dollars as profits and bought US treasury bills to boot. This sort of currency manipulation stems from well thought out economic and monetary policies and has had the effect of stimulating Asian economies at the expense of North America and Europe. Trading currencies takes place for two reasons. One is international business such as described with China, Japan and the rest of the world. The other is currency speculation. Trillions of dollars in currencies are exchanged every trading day. This provides a lot of room for speculation on changes in currency conversion rates and those who read the signs correctly and trade accordingly can make a lot of money. On the other hand those who enter the Forex markets unawares can experience heavy losses. As always if you choose to trade currencies do your homework and sit on the sidelines if things do not make sense.
The Tron Roadmap.
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With an already existing user base of over 180 million, the opportunities for this Blockchain and cryptocurrency seem enormous. Also, it will likely not have to bootstrap and this is a deviation from the trajectory of most apps and platforms of this nature.
An outsider continues to steal the crypto spotlight.
Investors started telling CoinDesk in late December that Telegram was looking at doing some kind of ICO.
All that on top of promising super fast payments and micropayments using mobile devices, with negligible transaction fees.
With these announcements, fake sites quickly popped up claiming to be the place to buy grams. Confirming that one was fake in a tweet proved to be the closest Durov has come to a public confirmation of the crowdsale.
By mid-month, the idea that Telegram might raise its fundraising round even higher was reported by Bloomberg.
They come up with a lockup period that releases tokens after four waiting periods, the longest one last 18 months.
Finally, Telegram has apparently offered investors some kind of refund provision if it fails to deliver the TON platform by the end of October 2019, Business Insider reported.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
The filing names Ton Issuer Inc. and Telegram Group Inc. along with the two individuals, Pavel Durov and Nikolai Durov, as related persons.
Apart from building on the extensive userbase Telegram has amassed, and serving as a medium of exchange with a native cryptocurrency called GRAM, the TON platform also aims to include smart contracts and decentralized services such as TON Storage and TON Proxy.
Leverage and Margin Explained.