Economy, asked by rexawesomes, 1 year ago

Define Hedging function of foreign exchange market.

Please i want a quick and summarised answer.

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Answered by Avinashj2002

The transfer function is performed through a use of credit instruments, such as bank drafts, bills of foreign exchange, and telephone transfers. ... Hedging Function: The third function of a foreign exchange market is to hedge foreign exchange risks.

Avinashj2002: plzz mark it

rexawesomes: i want a summarised answer man!

rexawesomes: what you had understood with that whole passage???

rexawesomes: if you are able to explain it correctly that means you had not copied from Google

Answered by missShelly

it is III functions and it means the avoidance of foreign exchange risk the price of one currency in terms of another currency change their maybe or gain or loss to party concerned

rexawesomes: what kinda risk??

missShelly: read the whole ans

missShelly: u understand

rexawesomes: nope and thanks, atleast I got something from it

missShelly: ok miss

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Define Hedging function of foreign exchange market.

Please i want a quick and summarised answer.