India on Wednesday imposed a ban on foreign exchange dealers for the first time in three years after the Reserve Bank of India cut interest rates and raised its benchmark interest rate.The RBI said foreign exchange trades would be suspended in a “pro-active manner”.The move follows a spike in currency trading in January, when traders […]
A currency calculator lets you calculate how much money you can make or lose in foreign exchange rates.Read more about the foreign currency calculator.Find out how much you can earn, lose and spend abroad with the Foreign Exchange Calculator.Foreign exchange calculator Where to buy and sell foreign exchange and how much to spend Your money […]
I just finished watching The Big Short, the latest movie adaptation of Daniel Greenfield’s book about the biggest financial misdeeds in the financial industry.It was an excellent film.The film is based on the book and I was very impressed by its depiction of the mistakes and greed of a large part of Wall Street and […]
China’s foreign exchange market has been under a huge squeeze since mid-March, when the People’s Bank of China cut its benchmark rate to 6% to protect the economy from a slowing global economy.On Tuesday, China’s central bank said it had cut its overnight lending rate to 8% for the first time since the global financial […]