 (1).png)
What is Forex Market & Types of Currency Market?
The currency market, also known globally as the foreign exchange market (Forex or FX), is the world’s largest and most liquid financial market. With over $7.5 trillion traded daily globally, this market enables the buying, selling, and exchange of currencies. In the context of Pakistan, the currency market operates both in the interbank and open market, and more formally through regulated futures contracts at the Pakistan Mercantile Exchange (PMEX).
This chapter serves as the foundation of your learning journey with Azee Securities, helping you understand what the currency market is, why it matters, and the various types of currency markets available to traders and investors in Pakistan.
At its core, the currency market facilitates the exchange of one currency for another. Whether it’s an importer in Pakistan purchasing goods from China or a tourist converting PKR into USD, currency exchange is essential.
But currency markets are more than just conversion tools—they are massive investment and trading platforms. Prices fluctuate constantly due to supply and demand, macroeconomic indicators, interest rates, geopolitical events, and market sentiment.
In Pakistan, currency trading is primarily carried out through:
Azee Securities offers clients the ability to trade these regulated futures via PMEX through a compliant and well-supported platform.
In Pakistan, OTC trading in forex for speculative purposes is illegal unless it is conducted through regulated institutions like PMEX.
Currency trading in Pakistan is regulated by:
The only legal platform for individuals to speculate on currencies in Pakistan is PMEX. Azee Securities is licensed to facilitate this through margin-based futures contracts. These are fully documented and compliant with KYC, AML, and risk protocols.
Currency Pair | Description |
---|---|
USD/EUR | US Dollar vs Euro |
EUR/USD | Euro vs US Dollar |
GBP/USD | British Pound vs US Dollar |
JPY/USD | Japanese Yen vs US Dollar |
Ready to start your investment journey with Azee Securities? Open a Stock Trading Account and gain access to the Pakistan Mercantile Exchange (PMEX). Let Azee Securities help you make informed decisions. Our expert advisors, advanced trading platform, and real-time market data ensure you stay ahead of the curve.
Azee Securities Private Limited
Member Pakistan Stock Exchange | PMEX | NCCPL | CDC
SECP Registered & Regulated