Explain the features of ‘Foreign Exchange Market’ and discuss the economic variables that impact Exchange Rates.

The Foreign Exchange Market, often referred to as the forex market or FX market, is a decentralized global marketplace for trading currencies. It is the largest and most liquid financial market in the world, where participants engage in the buying and selling of currencies. The forex market plays a crucial role in facilitating international trade and investment by allowing businesses, governments, and individuals to convert one currency into another.

Features of the Foreign Exchange Market:

1. Decentralization: The forex market operates globally without a central exchange. Instead, it consists of a network of interconnected banks, _____ __________ ______ ____ ________ ____.
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