It’s not necessary that the foreign currency exchange provided by your bank is the best. Defying the boundaries and ending the monopoly of traditional banks and currency exchange houses, new comprehensive online portals have come up to help the customers dealing with currency exchange. Forex online is a comprehensive platform that offers the best competitive rates for the currency exchange, transparent transactions without dubious charges and 24x7 hours availability.
In finance, a trade is an exchange of a security (stocks, bonds, commodities, currencies, derivatives or any valuable financial instrument) for "cash", typically a short-dated promise to pay in the currency of the country where the 'exchange' is located. The price at which a financial instrument is traded, is determined by the supply and demand for that financial instrument.