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
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
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.