The same currency will not be there worldwide. So one needs to convert one currency with another. The rules and regulations laid down in dealing with foreign exchange operations and syllabus are mentioned in this blog post. It also covers the Export and Import of goods. Market movement of foreign currency exchange like buy and sell with margin is explained.
Contents To be covered
Factors determining the rates (fundamental and technical)
Foreign exchange market Participants
Ready Spot and Forward
FEDAI
FEMA act - 1999
RBI Functions related to Foreign Exchange
DGFT
ECGC
INCO Terms
Direct and Indirect rates
Arbitrage and Speculation
Holiday forex deals
Premium and Discount
Nostro, Vostro, Loro, SNRR, FCNR, RFC Accounts
EEFC
Direct and Indirect currencies (GEAN)
NTP
Crystallisation of Import bill
Crystallisation of Import bill
Foreign Trade Policy
Trade Credit
Advance Payment against Import Bill
Advance Payment against Export Bill
Forfaiting Export Finance against Export receivables
Factoring
Letter of Credit
Correspondance banking
Authorised Dealers
Dealing Room
Cross Rate Problems
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