gjaldmiðlamarkaði
Gjaldmiðlamarkaður, also known as the foreign exchange market or forex market, is a global marketplace where national currencies are traded. It is the largest and most liquid financial market in the world, with trillions of dollars traded daily. Participants in the gjaldmiðlamarkaður include central banks, commercial banks, financial institutions, corporations, and individual investors.
The primary function of the gjaldmiðlamarkaður is to facilitate international trade and investment by enabling the
Currencies are traded in pairs, such as EUR/USD (Euro against US Dollar) or GBP/JPY (British Pound against
The gjaldmiðlamarkaður operates 24 hours a day, five days a week, across major financial centers worldwide,