Volatility in the Markets due to High Impact News Releases
Sincethe occurrence of shops vanishing with clients funds has become very rare.
These spreads may be near zero at times for major currency pairs, but the ECN makes his money on a commission or transactional basis.
Nigeria has one of the world's most complex foreign exchange systems, with at least five exchange rates simultaneously available until recently. In his first stint in power as a military ruler in the s, Mr Buhari severed ties with the IMF rather than accept the Fund's call on his government to devalue the naira.
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