Foreign exchange, better known as forex or FX, is the largest financial market in the world. Unlike a stock exchange, it has no central location.
Instead, it operates electronically across a network of banks, brokers and traders. Every time you travel abroad and swap rands for dollars or euros, youve taken part in forex at its most basic level.
But behind this everyday exchange lies a global market that shapes economies, drives business decisions and offers traders opportunities around the clock.