For example, the Canadian dollar is a floating currency, so the market dictates its value. The value of the Hong Kong dollar, on the other hand, is pegged at a fixed exchange rate to the U.S. dollar.

Central banks also participate in the foreign exchange market to protect their nation’s currencies in what’s known in the trade as intervention. For example, the Federal Reserve says the U.S ...

The launch of the Nigeria Foreign Exchange Code (FX Code) marks a significant milestone in the country's journey towards a more transparent and accountable foreign exchange market. This landmark ...