: Similar to forwards, but standardized and traded on public exchanges.
The Forex market is the largest financial market in the world, where currencies are traded 24/7. International Finance For Dummies
Operating on a global scale introduces specific risks that do not exist within domestic borders: ⚠️ Foreign Exchange Risk : Similar to forwards, but standardized and traded
These are the rules and institutions that govern how countries exchange currencies and manage global debt. : Similar to forwards