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What is Forex
Open Market Rates
Latest Forex Rates
 
 
 
Open Market Rates
 

Open market operations are managed by the central bank of a country that is responsible to devise the financial strategies and to control the flow and circulation of money. For this purpose, the central bank purchases or sells the government securities, bonds, etc. Open market rate refers to the payment made on the security of loans in the open market.
The variations of the economic conditions, supply and demand of money, purchasing power, etc. are subjected to the changes in this open market rate. It is not same as a rebate or discount rate. It is levied in all the financial markets of the country including the primary and secondary markets. It is different from the interest rates that bank charges on the debtors.
It is called open market because it is not controlled by the federal government. It is neither limited to a particular area nor restricted by any authority. The economic forces settle the open market rates. The trade is not on the local or regional level. Bonds and Securities are the main sources of income for the government.
When the traders buy the security, the government is going to provide the money on debt. When the traders sell the bonds, the government is actually borrowing money from them. In this way, both the parties earn profit.
In the modern era, there are many websites and online platforms that publish the open market rates from time to time. They provide the latest rates of all countries involved in the Foreign Exchange Business. They list the main currencies with the figures of their purchase and sale on the daily basis.
The whole trade depends upon these open market rates internationally. One can compare the rates of different countries with the help of this list. There are also many software and online programs that are designed to record these rates automatically.
There is a vital significance of the open market rates for the monetary policy of a country. Here’s a short list of open market rates of 10 countries recorded on 16-02-2013 as per market conditions.

The table below Show lastest Currency Rates in Market.

      
 
 
Latest Open Market Rates
 

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