How exactly does Foreign Exchange work at Banks?

Quoting CindyXXXX

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That's a fair call..

Let me try and clear up my blubbering mess above seeing as I can't edit or delete it... Main thing I was trying to say is

 

1. Explain why daily turnover figure is so large (hot potato) effect
2. The fact Microsoft and other large companies would surely take the exchange of their profits into consideration before converting large amounts into home currency and therefore
3. Simply that no bank will just take an extremely large order and dump it on the market in one go.

That is all.

Surely a trillion dollar...

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Quoting askingkalz

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i don't know , i'm just a guy who tried to get a better understanding on how bank system works and i think we average joe will never found out exactly detailed on how the system works unless we work at the Central bank i think , because former SNB hildebrand wife made an insider trading on last august CHF intervention i'm sure she got the info from her husband . But lots of fact on how the system works sure will improve our trading

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Quoting askingkalz

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i don't know , i'm just a guy who tried to get a better understanding on how bank system works and i think we average joe will never found out exactly detailed on how the system works unless we work at the Central bank i think , because former SNB hildebrand wife made an insider trading on last august CHF intervention i'm sure she got the info from her husband .

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Quote

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But lots of fact on how the system works sure will improve our trading

Quoting medici

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I'd rather say worked on the fx desk of large dealing bank in one of the world's financial centres.
Yes, but they are not exactly public information except in terms of the structure of things. And beware of trying to anticipate what dealers will do. Unless you have insider contacts, you are fooling yourself. Keep in mind also that the game changes. Patterns and behaviours that one could "anticipate" a couple of years ago aren't there anymore, and those patterns, in their turn, weren't around in 2005-06, and so forth.

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