Currency: The currency is the form generally accepted money. That includes coins and banknotes from paper and issued by the Government and circular economy.
History of the coin: the history of the currency in relation to the means of money of physical transaction is any clearly identifiable object value that is generally accepted as payment for goods and services and the payment of the debt within a market or that is legal tender within a country. Exchange without money is like a bartering system in which goods and services are exchanged directly with other goods and services, i.e., without using money, ultimately a means of Exchange. However, there are some limitations of the barter system. In terms of their inefficiencies in the facilitation of the Exchange compared with the money.
To allow the exchange between two parties, both parties need to have what the other wants.
Without money, it is difficult to measure the value of goods and services.
The lack of standards for products and services deferred.
When the money is established as a means of any transaction or Exchange, peoples are able to calculate the value of the goods and services in terms of money.
Therefore, the money becomes a unit of account. The value of a product particularly in terms of money can depend on supply and demand or the worldwide presence of that product or product in particular. The development of the economy depends on income per capita, import and export, current account deficits, GDP, the fiscal deficit. With the help of globalization and liberalization, it is easier to ensure their presence in a global marketplace, through which products and services may be subject to trade or Exchange in a global market. This will provide a large market place for good services transaction and will have an economic benefit for exporting countries. The development of an economy is greatly affected by their import and export, if the imoprt is smaller and export is high that it would be an economic benefit for an economy in terms of foreign currency and vice versa. (American dollar)
For currency exchange: cost of export and import depends on the value of the currency.?
As one American dollar is accepted worldwide currency. For any international transaction, payment would be $ 1. Suppose that if an Indian trader export some products to the United States, here the form of payment would be $. In case if same dealer import some U.S. goods. The number who have to pay in dollars, being to exchange the local currency to dollars. Therefore, without a change of currency, it would be difficult for international trade for any transaction of goods and services. We can say that the valuation of the currency will depend on the demand and supply of specific currency.
As a point of market share cash, commodity, future and option of an individual you can also receive a recommondation in the foreign exchange market. When you are waiting to invest in currency derivatives which is a finencial instrument to invest in currency derivatives.