Spread out currency form easily

Aug 6th, 2022
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How to spread out currency form

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in this video guys we look at calculating the currency cross pair rates hey trainers warm welcome to you FX traders one for you this okay quick for you how you calculate the currency cross pair rates first of all what is a cross well many many years ago if you wanted to convert lets say pounds into yen you first of all had to convert it into dollars and then convert those dollars into yen because GBP turn against USD USD turn against JPY as we can see here pound US dollar US dollar JPY that was what you had to do to get your yen however times were changed now we have whats called two crosses which means that we have to become bypass that USD transaction all together and if we look at some examples of crosses here weve got GBP JPY euro JPY euro CHF euro GBP you can see that the common denominator or the common theme throughout these is that theres no US dollar constituent because theres no us not a component should I say when to combine index basket here theres no component here

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For example, if someone has $50,000 in cash to deposit in their bank, should they choose to deposit it through five deposits of $9,999 and one deposit of $5, with the intent to avoid the reporting requirement, they have committed the crime of structuring.
Smurfing, or sometimes referred to as structuring is a type of money laundering that involves breaking up large transactions into smaller ones to avoid detection. The name comes from the similarity between the way funds are broken down and the way that cartoon characters known as smurfs divide up tasks.
For example, if someone has $50,000 in cash to deposit in their bank, should they choose to deposit it through five deposits of $9,999 and one deposit of $5, with the intent to avoid the reporting requirement, they have committed the crime of structuring.
In the placement stage, the criminal is relieved of guarding large amounts of illegally obtained cash by placing it into the financial system. For example, a smurf may pack cash in a suitcase and smuggle it to another country for gambling, buying international currency, or other reasons.
What is Smurfing in gaming? The term smurf is used in gaming to describe a player in an online game that creates a new account to play against lower-ranked players, however, it can be used as an all-around term for describing a player who uses an alternate account or multiple accounts.
Smurfing is when someone launders money by breaking it up into several smaller sums, hoping to evade detection. It is also known as structuring.
The source of the funds is also often concealed via bookkeeping tricks and complex transactions. This process is what distinguishes smurfing from structuring: the use of smurfs, the movement of the money and the fact that the source of the money is purely illegal.
The spread is the difference between the forex rate you pay and the interbank rate. Foreign exchange providers make money off the spread and/or by charging a commission. The lower the spread, the more cost-efficient the conversion.

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