The strength of a national currency can affect the country’s domestic economy and international trade activities in various ways. As a lagging indicator, the implications of a strengthening or weakening currency value might differ depending on the economic conditions as well as the economic policies. Domestic Economy Currency strength in

In the domestic economy, the strength of the national currency is calculated as the purchasing power when buying locally produced goods and services. It is based on income and wages reports which reveal the nominal earnings of the citizens. The nominal income value is then adjusted to the inflation rate of the observed period to find the

Currency strength is the relative purchasing power of a national currency when traded for products or against other currencies. It is measured in terms of the quantity of goods and services purchased and the sum of foreign currency received in exchange for one unit of the national currency. Normally the increasing economic value of a currency

The three main factors that determine the value of money are exchange rates, the amount of dollars held in foreign reserves and the value of Treasury notes. The most important single factor determining the value of money is the basic rule of supply and demand. The more demand for a

Facebook began rolling out a new payment platform inside its Messenger service, though it was only available to those in New York City and following an option to sign up for Messenger without a Facebook account. The social networking is making the payment option available to everyone across the U.S. The new payment option is similar to

Money laundering is like an art where launderer may change and evolve the way of how the money is going to be laundered. The generic term used to describe money laundering is the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by

What is SOAP SOAP (Simple Object Access Protocol) is a message protocol that approves allotted factors of an application to communicate. SOAP can be carried over a range of lower-level protocols, which includes the web-related Hypertext Transfer Protocol (HTTP).  SOAP defines a header shape that identifies the actions that a

What Are Nonbank Financial Companies? Nonbank financial companies (NBFCs), also known as nonbank financial institutions (NBFIs) are financial institutions that offer various banking services but do not have a banking license. Generally, these institutions are not allowed to take traditional demand deposits—readily available funds, such as those in checking or savings accounts—from the

FinTech products are, by their nature, innovative and ground-breaking. FinTech products’ main selling point is to simplify and streamline finance. Below are some FinTech marketing strategy tips: Lean Marketing mindset  Practically all tech startups are intimately familiar with how the lean product design model works. A company identifies and develops

Imagine you woke up one day to discover your bank account has been raided by another country’s government. Just like that, $1 in every $16 of your supposedly safe money is gone. If you’re wealthy enough to have more savings, it could be $1 in $10. Is it a nightmare?