Evolution and trends of the foreign market in Romania
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2024-01-17 16:43
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OANCEA NEGESCU, Mihaela Diana, BUZOIANU, Ovidiu Andrei Cristian, VASILACHE, Petrut Cristian, DIMA, Cristina, ANDREICA, Cosmin. Evolution and trends of the foreign market in Romania. In: Competitivitatea şi inovarea în economia cunoaşterii, 25-26 septembrie 2020, Chişinău. Chişinău Republica Moldova: Departamentul Editorial-Poligrafic al ASEM, 2020, Ediţia a 22-a , pp. 687-692. ISBN 978-9975-75-985-4.
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Competitivitatea şi inovarea în economia cunoaşterii
Ediţia a 22-a , 2020
Conferința "Competitivitate şi inovare în economia cunoaşterii"
Chişinău, Moldova, 25-26 septembrie 2020

Evolution and trends of the foreign market in Romania

JEL: D53, E44

Pag. 687-692

Oancea Negescu Mihaela Diana1, Buzoianu Ovidiu Andrei Cristian1, Vasilache Petrut Cristian1, Dima Cristina1, Andreica Cosmin2
 
1 Bucharest University of Economic Studies,
2 University of Bucharest
 
 
Disponibil în IBN: 2 decembrie 2020


Rezumat

The foreign exchange market is a component of the financial market and can be defined as the set of financial-foreign exchange relations through which the operations of sale and purchase of foreign currencies (currencies) at international level are carried out. The foreign exchange market ensures the formation of the exchange rate expressed in the national currency. It allows individuals and legal entities access to international exchanges, to travel abroad, provides foreign currency holders with the necessary space to sell, and the exchange rate results from the confrontation with demand and supply. Foreign exchange markets have emerged as an effect of the use of national currencies in international trade regulations. They can also be called centers of currency trading. The article addresses a topical issue, with a major socio-economic impact and aims to analyze the evolution of the foreign market in Romania. The methodology was based on the analysis of some data series in the period 2008-2018, which led to concrete results, presented below.

Cuvinte-cheie
foreign exchange market, Romania, banks, exchange rate