Talk on forex
A talk on Forex Management was held at Sri Kaliswari Institute of Management and Technology, Sivakasi, on April 6 J. Swaminathan, Vice-President (HR), Standard Chartered Bank, Chennai, was the resource person. He explained about the forex market, its functions and currency exchange rate, spot exchange rate and forward exchange rate with examples. He said the global foreign exchange market never sleeps and the role of US$ was the pivot currency / vehicle currency as over 85% of all forex transactions involve USD on one side of the transaction and central banks around the world hold about 60% of their forex reserves in USD. He pointed out career opportunities in forex trading and the certificate courses that would help the students to start a career in forex.
