« Return to Previous Page

Trade Currency Agreement

Importers and exporters generally use currencies to guard against exchange rate fluctuations. Factors such as interest rates, trade flows, tourism, economic power and geopolitical risks influence the supply and demand of foreign exchange, leading to daily volatility in foreign exchange markets. Changes that can increase or reduce the value of one currency relative to another currency can be used. A prediction that one currency will weaken is much the same as the assumption that the other currency will be strengthened in pairs because currencies are traded in pairs. 12.1 We are not liable to you for the action or omission of third parties, whether or not they participate in the payment transaction, provided that we have used that third party to choose that third party. 12.2 Without limitation in paragraph 14.2, we are only liable or liable for your reasonably foreseeable direct harm, defined as any of the money we transfer on your behalf, which is lost or stolen as a result of our negligence, error or omission. We are not liable to them or any other reasonably foreseeable direct liability, loss, damage, cost or cost that may be borne to you. 12.3 We are not responsible for you or a person who is treated by you, for any wrongdoing, negligence or any other means of liability, loss, damage, cost or cost of any kind incurred or suffered by you or any person claimed to you, who has unforeseen, indirect or consequential damages, or for economic losses or losses of revenue, profits, business or goods, loss of transactions, loss of business or loss of opportunity, in any case, whether such damage is foreseeable or probable. 12.4 We are not liable to them or are not liable for any liability, loss, damage, cost or cost of any kind that you or a person has suffered or suffered as a result of an act of force majeure. 12.5 Nothing in this contract excludes our liability or limit in terms of fraud or intentional misconduct; death or bodily harm caused by our negligence; or any other liability that cannot be legally excluded. To do this, a trader can buy or sell currencies in advance on futures or swap markets, which blocks an exchange rate.

Imagine, for example, that a company is considering selling blenders made in the United States in Europe if the exchange rate between the euro and the dollar (EUR/USD) is $1 to $1 at parity. Historically, several points have been raised repeatedly against trade agreements.

Comments are closed.