The document discusses different types of foreign exchange markets. The retail foreign exchange market involves dealings between banks and customers or brokers and customers. It includes both full-fledged money changers and restricted money changers. The wholesale foreign exchange market involves dealings between banks, including interbank and between central banks and other banks. Derivatives contracts derive their value from an underlying security traded in foreign exchange markets. The forex market plays an important role in determining economic growth and development globally.

1. Under the guidance of
Sundar B. N.
Asst. Prof. & Course Co-ordinator
GFGCW, PG Studies in Commerce
Holenarasipura
Sahana N
2nd M.Com

11. Retail foreign exchange market :
• It refers to the dealings take place between the
banks and their customers or the brokers and their
customers
1. Full fledged money changers :
2. Restricted money charges

12. Wholesale foreign exchange market:
• It refers to the market where the dealings take place among the
banksI
1. INTER BANK
CENTRAL BANK

14. INTER BANK ( DIRECT AND INDIRECT)

15. DERIVATIVES:
• The contracts between the parties in which the value of
underlying widely held and easily marketable security is derived
between the parties.

16. Conclusion:
• The forex market is one of the most important
parts of trading these days the forex market
determines the nature of growth and development
the nature of growth and development in an
economy even the forex market is responsible for
the networked growth and development.

17. REFERENCES:
• https://www.investopedia.com
• https://www.yourarticlelibrary.com
• https://www.vedantu.com
• https://www.tutorialspoint.com