currency transactions - are transactions which are the subject of monetary value.They must be regulated by law or defined by international agreements.
Currency exchange transactions carried out with foreign money signs, conventionally divided into current and those associated with the movement of capital.The first category becomes today more and more important.Related to the movement of capital foreign exchange transactions - are actions that are carried out on a limited scale.There are a number of reasons.Their implementation is associated with significant risks, and design - a complex process.Operation of capital movements are carried out on foreign trade transactions concluded under the loan agreements related to the purchase or sale of banknotes of another State, or checks can take place on the acquisition of shares from non-residents, shares of deposits.
Actions currency are made by individuals, banks, financial institutions, enterprises, various companies and foundations.They are divided into urgent and cash.
When enrolling or retirement funds to an account in some cases may require a certificate of currency transactions.It is given to the bank to monitor the finances of the client.It states TIN, account number and other data.
currency transactions - is the object of both the banking and public supervision and control.Consider their main types, which are used in the international market.
«Spot" - immediately in the money supply.It accounts for 9/10 of all of the transactions in this category.The exchange rate is fixed strictly on the time of delivery.The essence of the operation - the acquisition of foreign money through banks that are counterparties in 3-4 days after the deal was struck.
«swap" (exchange) - buying and selling two types of currencies, their immediate delivery.This is combined with simultaneous kontrsdelkoy using the same types of banknotes.Thus, the bank sells the currency with the condition for immediate delivery, while buying it.This operation can be carried out not only with money, but with interest, gold loans, securities and so on. There is an international corporation dealer specializing in "swap".
often are forward transactions.Such currency transactions - is a mutual agreement for the supply of foreign funds after a certain time after its conclusion.In this course, which are oriented, specified in advance.In fact, it is fixed at the time of the transaction.
Arbitration currency transactions - an attempt to buy the banknotes cheaper to sell them more expensive.Thus, their meaning in obtaining benefits.Purchasing currency combined with kontrsdelkoy.Factor that benefit - the difference of courses or vibrations.Such arbitration may be of two types.Simple - it is work with only two currencies, and complex - with several at once.There is also the so-called conversion arbitration.This is an attempt to buy the necessary currency in the most favorable terms.In this case, you need to work with competitive quotations of various banks.Another type of operation - in fact speculative arbitrage, about which mentioned above.It is expressed in the currency rates and benefit from their changes.Large speculators use a variety of techniques that enable them to quickly achieve their goals.For example, they can artificially create a panic, people began to buy up or, conversely, to acquire a particular currency.
