They are commonly used by MNCs to hedge their currency positions. The largest and best known provider is Western Union withagents globally, followed by UAE Exchange. In addition they are traded by speculators who hope to capitalize on their expectations of exchange rate movements. It also supports direct speculation and evaluation relative to the value of currencies and the carry trade speculation, based on the differential interest rate between two currencies. Gaps and Binary Options. All these developed countries already forrx fully convertible capital accounts.
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