Factors Affecting Foreign Exchange Rates. The relative values of different currencies are determined by the foreign exchange market. Foreign exchange market is a financial market for trading currencies. The conversion of one currency to another helps to assist international trade. Posted in Foreign Exchange Rates.

Chinese Yuan RMB - CNY. Hong Kong Dollar - HKD. New Zealand Dollar - NZD.

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Globalization Increases the Demand of Overseas Money Transfer. These days, technology is expanding at a lighting speed and at the same time boundaries of the different countries are shrinking fast. While visiting the different nation, you need to pay in their currency. Over the Counter Foreign Exchange Market.