World current time now,
Calendar monthly, yearly

World currency exchange rate, foreign rate


Code/Short/Long name
 Argentina  Country flag ar  ARS   Peso  Argentine peso  SA 
 Bolivia  Country flag bo  BOB   Boliviano  Bolivian boliviano  SA 
 Brazil  Country flag br  BRL   Real  Brazilian real  SA 
 Chile  Country flag cl  CLP   Peso  Chilean peso  SA 
 Colombia  Country flag co  COP   Peso  Colombian peso  SA 
 Ecuador  Country flag ec  USD   Dollar  United States dollar  SA 
Code/Short/Long name
 Guyana  Country flag gy  GYD   Dollar  Guyanese dollar  SA 
 Paraguay  Country flag py  PYG   Guarani  Paraguay guarani  SA 
 Peru  Country flag pe  PEN   Sol  Peruvian nuevo sol  SA 
 Suriname  Country flag sr  SRD   Dollar  Surinamese dollar  SA 
 Uruguay  Country flag uy  UYU   Peso  Uruguayan peso  SA 
 Venezuela  Country flag ve  VEF   Bolivar  Venezuelan bolívar  SA 


Insurance payouts- a constant pay based on insurance.
Central banks- banks that have a major importance, not neccecerely are located or asociated with centre.
Immediate bets – an amount of money which you risk on the result of an event or a competition.
Post-disaster recovery- a process, containing recovey after a huge event that effects sth very negatively or damages it.
Opposing forces – forces used as an enemy role during military exercises.
Monetary policy- the process by which the monetary authority of a country controls the supply of money.
Carry trade-  refers to a trade, where you borrow and pay interest in order to buy something else that has higher interest. 
Low-yielding- investments that do not pay much income. 
Interest-rate the percentage that a bank or other financial company charges you when you borrow money.
Ultra-loose- an extremely huge process of losing. 
Sovereign-debt- Bonds issued by a national government in a foreign currency, in order to finance the issuing country's growth
Upward pressure - a pressure, that is moving towards a higher position, level, the force you produce when you press something
Policy rate - Monetary tool used for controlling inflation, determining day-to-day liquidity operations, and for determining other market rates.

2016-03-31 05:20:28
Money trader:
Money means coins, notes and the cash in a bank account – what we use for making payments for what we want to buy. We take money for granted; and, indeed, a society as developed as ours could not do without it.
But people lived, and traded with each other, for many years without money. The earliest form of trade was by barter, offering goods in exchange for what was wanted, or swooping goods for other goods. Beautiful and rare things were used as mediums of exchange. Useful things also had an obvious value, which depends on their scarcity or how long they take to make.
At different times many rare or useful things have become widely used as mediums of exchange, for e.g.: axe heads, sharks, teeth, beads, ivory.
Gold and silver became recognized and suitable for a medium of exchange because they are scarce and keep their value, they can be worked with primitive equipment, because they are soft metals, with low melting temperature. They also can be polished to look beautiful and they can be easily carried. They do not decay or rust so they are a store of value.
It was gradually found most convenient to mint round flat pieces of gold and silver for trading. The value of these coins was measured by weight.
During the 6th century Before Christ, king of Lydia decreed that coins should be a standard weight, size and shape for each value, so that they could be quickly recognized.
There are six qualities of a good coin:
  • Scarce – if money is too easy to come by it doesn’t keep its value.
  • Acceptable – a coinage must be accepted as a medium of exchange in a society or country for buying and selling.
  • Durable – coins must be strong and long lasting, so that they are the store of value and do not break or wear out easily.
  • Standard – coins of a particular value must be of the same size, shape and weight and be quickly recognized.
  • Portable – coins must be easy to carry.
  • Divisible – it must be possible to divide coins of large value into smaller values, to give change or make smaller purchases.

2016-06-06 05:04:42
In business there are many occasions on which people have to deal with money and talk about money. Within a company there are business situations in which receipt of money and the payment of money is central occupation.
Foreign trade has been called “lifeblood” of the country, because we depend on the import of food and raw materials to feed our population and factories. In return we must export to earn the foreign currency necessary to pay for imports. There are many difficulties to buying and selling in foreign countries than to trading in one’s own. There are problems of distance, of language, of payment, of different laws and customs, and often understanding.
The banks in each country are in position to know the laws, customs and languages in their own country and financial standing of traders. Banks have established contacts with banks in other countries called Correspondent Banks.
When a sales has been agreed, and goods shipped, the Documents are entrusted by the seller to his bank. These are only passed on to the buyer in exchange for his signature on a Bill of Exchange. A bill of Exchange gives a date three to six months away, to give the buyer credit or time-to-pay, as is usual in trade. It suits the seller best if the buyer makes arrangements for payment to a bank in his own country. To do this the buyer contacts his local bank to make necessary arrangements with the overseas seller’s bank. This is called a Documentary Credit. It suits the buyer best if all he has to do is to make payment in his own currency to a local bank when the goods have arrived – and transfer of the payment is arranged by the seller’s bank to his country. This is called a Documentary Collection.

2016-06-08 11:22:08

 Use username: Guest, Anonymous, Programmer

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