Currency Exchange Machine

Introducing Currency Exchange, also referred to as Forex, Fx, or Foreign exchange, plays an important role while trading currencies between two countries. The market participants can be individuals, governments or organizations / View slideshow /

Our purpose is to propose a solution that allows to manage currency exchange for individuals. Our target are tourists and business men who need a quick and simple way to change their money.

Currencies are traded in pairs.  According with the forex currency pair’s standardization, the first currency in the pair is called the base currency, whereas the second currency in the pair is also called the cross currency (sometimes it is called the foreign currency).  Example: EUR / USD means that EUR is the base currency and USD is the cross currency. If you want to buy EUR you would execute a BUY EUR/USD order , if you want to buy USD you would execute a SELL EUR/USD.

When we refer to buy/sell operations we also talk about Direct Exchange and Inverse Exchange.For Direct Exchange we mean a buy operation (purchase) from the cross currency to the base currency .For Inverse Exchange we mean a sell operation (sale) from the base currency to the cross currency.