Journal of International Business and Management Studies

The article reviews that the accurate exchange rate mechanism that enables exchange rate modifications to analyze real and expected changes in economic growth, improves transactions, productivity growth, and trade agreements. Transformations that have taken place over the years have estimated the growth of the foreign exchange market. Decreasing the distance between the market of foreign exchange and markets of highly-developed economies will be the consequence of these changes. The discussion of the currency rate has always been at the forefront, drawing attention to factors that affect the rate of exchange or its sustainability around the world. Foreign exchange market (FX) is a competitive global market, where even the currencies of the respective nations are exchanged and which operates via the large global banks