hi guys is anyone here work at banks can explain detailed on how is foreign exchange from average joe is handled ? or anyone has information of it ?
wiki said average daily turnover in global foreign exchange markets is estimated at $3.98 trillion
lets say i'm a trillionaire and i have 8 trillion USD and i want to change it to EUR , i went to citibank and said to the teller i want to change 8 trillion of my USD into EUR . How is my money process ? will i crash the foreign exchange market with sudden move ? im really curious on how is my money handled
thanks please reply
wiki said average daily turnover in global foreign exchange markets is estimated at $3.98 trillion
lets say i'm a trillionaire and i have 8 trillion USD and i want to change it to EUR , i went to citibank and said to the teller i want to change 8 trillion of my USD into EUR . How is my money process ? will i crash the foreign exchange market with sudden move ? im really curious on how is my money handled
thanks please reply