Foreign exchange refers to the buying and selling of different national currencies or units of account. The value of one currency in terms of another has a major impact on the economy and hence the standard of living in a nation. The price of imported items goes up (down) for consumers when the native currency is strong, whereas a weak domestic currency tends to help (hurt) exporters because they will sell more (less) abroad. Because it may benefit or hinder various factions inside a nation, the exchange rate is also very important. Britain was able to stretch its business interests far and wide as international commerce increased because it had the biggest and most powerful fleet of any country. As a result, it developed into the trade powerhouse with the largest empire of colonies.

Foreign Exchange, Fixed Deposits, Bank Deposits, Precious Stones, Insurance Policies