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[MUSIC PLAYING] The foreign exchange, or forex market, is the worlds largest financial market, and it plays a vital role in the global economy. Every day, trillions of dollars are exchanged from one currency to another. This kind of currency exchange is essential for international business. Forex market participants include governments, businesses, and of course, investors. Governments use the forex market to implement policies. For example, when conducting business with another country, whether its borrowing money, lending money, or offering aid, a country needs to convert its currency into a foreign currency. Businesses use the forex market to facilitate international trade. For example, they may need to convert payments for goods and services bought overseas, or to exchange payments from international customers into their preferred currency. And investors use the forex market to speculate on changes in currency prices. Currency prices change almost constantly during the week, beca
