The Advantages Of International Trade Enjoyed By

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Detailed discussion of International Trade

International trade is the process of exchanging goods or services that occur between one country and another which is known as international trade, in trade between countries there are exporters and importers.

NATIONAL TRADE DRIVING FACTORS

• There are differences in production results.
• There is a price difference.
• There is a desire to increase productivity

NATIONAL TRADE BLOCKING FACTORS

• State insecurity.
• Policy economy international country.
• Unstable exchange rates.

DEFINITION OF FOREIGN EXCHANGE

International trade increases the need for foreign exchange because people from various countries are involved in this trade, therefore foreign exchange is needed, foreign exchange is also called exchange rate (forex).Foreign Exchange Determination Places or institutions that trade various types of currencies are called exchange rates. Money exchange is carried out by government banks, national private banks and foreign private banks which have become special banks and foreign exchange institutions. in forex trading activities Institutions that specialize in forex trading activities are known as forex traders.

TERMS IN FOREIGN EXCHANGE: 

• The buying rate shows the purchase price of foreign currency when a bank or exchange buys foreign currency (forex) or when someone exchanges foreign currency for rupiah.
• The selling rate shows the selling price of foreign currency when the bank/cursor sells foreign currency or when someone exchanges rupiah for foreign currency.

This is the discussion that we have summarized by the Katalistiwa.id Team from various learning sources. Hopefully this discussion is useful, don't forget if you have other answers, you can contact the admin. Thank you