Examlex
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Currency Market
Also known as the foreign exchange market (Forex), it's a decentralized global market where currencies are traded, determining the foreign exchange rates for every currency.
Equilibrium
A state where market supply and demand balance each other, and as a result, prices become stable.
Direct Exchange Rate
The amount of domestic currency required to buy one unit of a foreign currency.
Canadian Dollar
The currency of Canada, symbolized by CAD, and often represented by the dollar sign $, or C$ to differentiate it from other dollar-dominated currencies.
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