A Comparative Study on Advantages of International Prepaid Cards for Travelers with Special Focus on Banks and Thomascook

The foreign exchange market (forex or currency market) is a decentralized over –the –counter financial market for the trading of currencies .financial centres around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock with the exception of weekends. The purpose of the foreign exchange market forex is to assist international trade and investment .The foreign exchange market allows businesses to convert one currency to another foreign currency .for eg:it permits a US business to import European goods and pay Euros ,even though the business s income is in US Dollars .Some experts ,however ,be live that the unchecked speculative movement odes the markets from correcting global current account imbalances .this carry trade may also lead to loss of compete currencies by large financial institutions such as hedge funds impedes the markets from correcting global current account imbalances .This carry trade may also lead to loss of competitiveness in some countries In a tropical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency .The modern foreign exchange market started during the 1970 s when countries gradually switched to floating exchange rates from the previous exchange rates.