Currency and exchange rates

Currency and exchange rates:

What is the currency? money on the one hand, the U.S. dollar is the currency of the United States. If you travel outside the U.S. will have to exchange your dollars for currency of another country. The exchange rate indicates how much one currency is needed to control the other. Furthermore, when you make transactions in retail foreign exchange broker or dealer you do not actually have the opportunity for exchange of physical currency. Which means you can not buy a £ 10,000 (GBP), deliver the U.S. dollars and are physically pounds in return. Your purchase contract actually specified rate of exchange will be solved when you sell that contract.