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Forex Trading Articles

Currency Options Afford an Opportunity to Conduct a Cheaper Currency Transfer

Being under the wrong impression that the price of a currency transfer depends only on commission and fees, one might wonder why different companies offer different exchange rates for currency transfers or currency transactions in all. Currency transfer specialists and Forex brokers do not. Knowing the origin and extent of exchange rate volatility, they rather work to minimise the risk fluctuations might incur through the so-called “currency options” or “FX options.” They are a financial tool that allows hedging against unfavourable fluctuations in exchange rates. Using such derivatives is a perfect example of lowering risks and costs in currency transfers and transactions of all kinds.

In general, the currency option is a contract that grants the broker or individual to buy or sell a particular currency at a fixed exchange rate during a particular time period. The contract holder is not bound to execute the option but for this right he pays a premium to the other contractor. The two types of currency options are called “put” and “call” options, depending on the broker’s intention to sell or buy a particular currency, respectively. Not surprisingly, the market for FX options is the most liquid and developed financial market in today’s globalised world. It is primarily an OTC (Over-the-counter) market but currency options are also traded on the floor of the Chicago Mercantile Exchange and Nasdaq. Just recently, Deutsche Bank AG launched an electronic trading system for foreign exchange options.

Although the basic principles of currency options are simple and easy to understand, it is not recommended to enter this market on one’s own. There are various fundamentals that influence the currency exchange rates and movements and you’d better consult an expert for advice on currency options’ use. However, currency transfer companies conduct such transactions and research every day, so they benefit from currency fluctuations and are able to provide you with reasonable advice about your planned currency transfer.

Currency options are available for practically all major world currencies. On the floor of Nasdaq are traded U.S. dollar-settled options on the Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, Mexican peso, New Zealand dollar, Norwegian krone, South African rand, Swedish krona and Swiss franc, for instance.

Until recently currency options were traded via a phone call because the implementation of electronic trading was hard due to currency options’ extreme complexity. On the other hand, the currency options market is a huge one and stands at $207 billion a day, according to data by the Bank for International Settlements.

Such enormous daily volumes allow you currency transfer operator to leverage its long and short currency position; hence, you get a more favourable exchange rate for your personal or business transaction. Brokers utilise at least several models to forecast exchange rate movements and in the majority of cases no more is required to offer you an advantageous rate against a particular currency. The most popular currency pairs include USD/EUR, USD/GBP, USD/JPY, EUR/JPY, EUR/CHF, USD/CHF and EUR/GBP but many more are quoted on the floor of various stock exchanges and OTC markets.

General Business

Bulk Tape – Bigger The Cheaper

In any business larger supplies of goods and items fetch attractive prices which are cost effective in the longer run and a profit making factor. The general business model all over the world is more or less same. Starting from manufacturers, distributers, whole- sellers, dealers, retailers to sub retailers and finally to consumer. The same business model is also followed in the business of tapes. There are various manufacturers of tapes all across the world that makes tapes of all types and categories. Bulk tape is one of them which may belong to any category the main ones are electrical tape, duct tapes, Gaffer tape, dual sided tape, foam tape, packaging tape and Velcro tape.

There are some commonly used and popular tapes which are consumed in larger qualities, these types of tapes manufactured in relatively bigger rolls and bulk tape is supplied to various industries for myriad applications. The packaging Industry is one of the biggest consumer of the tapes as they require the same for the variety of things. The Bulk tape is available in both general purpose and premium grade categories. The packaging tapes comprises of masking tape, flat-back tape, filament tape, aisle marking and barricade tapes. These tapes are sold and shipped by distributors of the major tape manufacturer brands online. Most of the dealers online who sell variety of tapes also sell small tape dispensers and bigger dispensing machines at reasonable prices. For instance a masking tape yellow sure line 3/8 by 60 yards is available for under 10$ for 4 rolls, which is very economical for the industrial use and you can get further discount on the bulk orders and shipping is absolutely free. There is one 3M masking tape which you can get in 4 different sizes under bulk tape. This is an all purpose paper tape made of crepe which can be applied for bundling, holding, protecting and masking. The length is standard 60 yards and breadth is ½, ¾, 1 and 2 inches. The price ranges from 6$ to 19 $ for such tapes.

There other categories of tapes that are sold as bulk tape in the market. Some of the popular ones are transfer tape, black photo tape- which has pro-tape and specialty, packaging tapes both in transparent and tan ones, filament tape this comes in three sizes and double coat foam tape. All these tapes come in various sizes and colors. There are few companies in the world that are making customized tapes in bulk for variety of industries. You can order as per your specifications the length, breadth, thickness and finish. The printing can also be customized as per your needs and specifications. There is one SpiderTech tape from Japan that is available as bulk tape. It is 2″ wide and 57 yards long which is equal to 6 rolls of spider tape. This is made of high grade cotton and 100% acrylic adhesive. This tape is very soft and breathable and is liked by most of the athletes who despite injury would like to continue their actions.