TYPES OF EXCHANGE RATES
The nominal currency shows the value of the foreign currency in the ratio to a national currency.
Example:
USD/JPY = 121.47, expresses the equality of 1 US Dollar to 121.47 Japanese yen.
EUR/USD = 1.0592, means that 1 Euro is equal to 1.0592 US dollar.
CROSS CURRENCIES
A pair of currencies traded in FOREX does not include the U.S. dollar. One foreign currency is traded for another without having to first exchange the currencies into American dollars. Cross currencies including the US dollar are often used in trading operations carried at the financial markets of the world. The reason for this is that besides the fact that the US dollar is one of the major reserve currency it is also used in cross-currency trading operations. The formula on the cross currencies with the US dollar is calculated as follows:
Example: EUR/CHF = USD/CHF * EUR/USD
We invite you to meet Mekness investment world. You can follow the steps below to be an online investor with us.
You can fill the free demo account form on the side to open an unreal account and try the market without any risk.
You can apply to open a real account to enter the world of investment.
After depositing the initial investment you can easily start to trade.
LEGAL: This website is operated by Mekness Limited Registration No: LL18868. | NFA ID: 0563092
Registered Address: Lot No. 20, Level 1, Lazenda Commercial Centre Phase 3, Jalan OKK Abdullah, 87000 Federal Territory of Labuan, Malaysia
Operational Address: Office No. 106, First Floor, Sheikh Rashid Building, R133, Al Rigga, Dubai UAE Contact: +971 43 88 4268 |
Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss
of your invested capital. Your capital is at risk. Leveraged products may not be suitable for everyone.
Restricted Regions: Mekness does not offer its services to residents of certain jurisdictions such as USA, Canada, Japan, Iran, Cuba, Sudan, Syria and North Korea.