ESSENCE OF FOREIGN EXCHANGE MARKET

Abstract

A currency market is an important element in economic politics of the state. The last decades of development of home and world economy were reflected by the huge height of the international moving of capitals and strengthening of role of currency-financial relations. However, a world financial crisis negatively affected international currency relations. Violation of their stability showed up in instability of courses of national currencies of the most world countries. A currency market is the significant constituent of the financial system of the state. Currency market development reflects flexibility of the financial system and speed with that she can adapt to the changes in economic and political life of country to a great extent, and also to the different processes that take place after her limits.