STRUCTURE AND TRENDS IN THE WORLD FOREIGN EXCHANGE MARKET

Devizni tečaj je izuzetno važan za ekonomije diljem svijeta. Njegova važnost se iskazuje na međunarodnim tržištima gdje se osim dobrima i uslugama, trguje i valutama. Nominalni devizni tečaj je javnosti najpoznatiji jer su njime informirani u novinama, banka ili pak mjenjačnicama. Različite devize se suočavaju na deviznom tržištu. Četiri su svjetski najveća devizna tržišta, u Sydneyu, Tokiu, Londonu i New Yorku. U empirijskom dijelu rada je analiziran pregled tečaja deviznog para USD/EUR za razdoblje od 10 godina.The exchange rate is extremely important for the economy around the world. Its importance is shown in international markets where in addition to goods and services, the market and currencies. The nominal exchange rate is best known to the public because they are informed about it in newspapers, banks or exchange offices. Different currencies are faced in the foreign exchange market. It is the world’s four largest foreign exchange markets, in Sydney, Tokyo, London and New York. In the empirical part of the paper, an overview of the exchange rate of the USD / EUR exchange rate for a period of 10 years is analyzed