The central bank attempted to contain the rate of the zloty's appreciation by intervening in the forex market within the band.
More specifically, international capital flows stemming from transnational business activities were encouraged to transact through cross currency swaps, the idea being to minimize forex market volatility risks.
This least affected traders and exporters, and most affected companies in construction, manufacturing or services which did not earn forex and had medium to long-term investments.
Well, government can make a directive, but if there is no forex nothing will be done.
Other features include customized converters, a currency encyclopedia, travel expense calculator, and forex currency news.
Forex is a little different as there is no central exchange.
Prior to the development of forex trading platforms in late 1990s forex trading was restricted to large financial institutions.
A summary of the day's forex and stock market figures will be given afterwards.
