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1________________________. The international currency market consists of a net of international banks. Exchange brokers and dealers deal in foreign exchange (FOREX) transactions.2____________________________. 3__________________________. Another day it is 0.520 pound sterling to a dollar.
4___________________________________.
Importers and exporters do not use the same currency.
The exchange rates change (or fluctuate) from day to day.
For example, one day the exchange rate is 0.526 pound sterling to a dollar.
Dealers and banks choose the best rates and profit by FOREX dealing.