Notice: Due to the Coronavirus situation and market sentiment, please be alert of the forex market fluctuation before deciding your next move on trading. For Rakuten FX clients, the variable spread is temporarily effective due to unusual market volatility. [Important] Uncertain situation in Turkish Lira (TRY) has led to excessively low liquidity and extremely wide spread on its related currency pairs. Their price update might stop at any time. We will stop accepting new open position and only accept close position, effective immediately until further notice. We strongly recommend you to pay special attention to relevant positions you are holding currently as well as funds in your trading accounts to avoid any unexpected liquidation.

Forex (FX) Exchange Rate | Rakuten Securities HK

Forex (FX) exchange rates of Rakuten Securities HK are as follows. Rakuten Securities HK provides you competitive prices for a variety of major currency pairs, helping you to maximize your trading advantages.

Importance of forex (FX) exchange rate

Forex market trending is impossible without a swift knowledge about the Forex(FX) exchange rate. And in our mission to make trading easy and simple for you, here is a guide on how FX exchange rates changes and what factors are responsible for it.

Apart from interest rates and inflation, forex exchange is one of the important factors that describe economic health and also trading patterns. And so, you always need to keep a keen eye on the live forex exchange rates that you can check on our page at Rakuten Securities HK. However, if you want to know more about the factors that influence the rates and want to be prepared for it, then this article is for you.

Key Factors That Influence Forex(FX) Exchange Rates –

There are a number of factors that may have an effect on forex rates, including the trading relationships between two countries, their currency value, and many more. However, here are some of the key factors that may influence the Forex exchange.

Differential in Inflation

A lower inflation rate normally leads to a higher currency value as the purchasing rate increases when compared to other currencies. And this has a direct effect on the forex (FX) exchange rates. However, if the inflation is high, then be ready to see a depreciation of currency rates in the trading. And such scenarios lead to high-interest rates too, which affects the forex rates further.

The differential in Rate of Interest

Inflation, interest rates, and forex exchange are normally interrelated. Changing interest rates can act as a catalyst over inflation as well as exchange rates. If the interest rates are higher, then it attracts the foreign capitals and hence the forex (FX) exchange rate increases. Similarly, a decrease in the rate of interest means a lower exchange rate. However, the interest rates are lowered or increased as per the inflation, and hence, all these three factors are correlated.

Public Debt

Another major factor that causes variation in the forex (FX) exchange rates is public sector projects and funding offered by the Government. These kinds of activities do definitely increase the value of the domestic economy in a period of time. However, countries with large public debts appear less attractive to all foreign investors. And thus, the effect on forex rates. The major reason behind this theory is that large depths invites major inflation, and hence the interest rates, and later on low exchange values.

In certain cases, the government goes ahead with the strategy of printing money for paying the debt. However, even the increase in money supply can cause inflation and its side effects. If the country is not able to pay off the debt with the help of domestic bonds or increasing the supply of money, then they make their prices low. This means a loss for the foreign investors, and therefore, they are less willing to get into such trades, causing an inflation of the market.

Terms of Trade

The terms of trade rely on the values of current accounts and the balance payments. The terms are also expressed as a ratio of export prices to the import prices in the country. If the export rates rise too high that the imports, this means that terms of trade have improved. Whereas, in another case, the terms of trade are said to be damaged. Increasing terms show the improved demand for a country of goods and their rising revenue value. This means a better term of trade means high exchange rates, whereas lower value means inflation of trades.

The forex exchange rates depend on a lot of factors and need a deep study to understand how it will behave. However, the best way is to keep an eye on the live FX exchange rates on our website Rakuten Securities HK and rely on the trading values.

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