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TagsHow does swap forex affect the value of cryptocurrencies?
Mehul JainDec 17, 2021 · 3 years ago1 answersCan you explain how the swap forex market impacts the value of cryptocurrencies?
1 answers
- Swap forex has a significant impact on the value of cryptocurrencies. The exchange rates in the swap forex market determine the value of fiat currencies, which in turn affects the value of cryptocurrencies. When the exchange rate of a fiat currency increases, it can lead to a decrease in the value of cryptocurrencies traded against that currency. Conversely, if the exchange rate of a fiat currency decreases, it may result in an increase in the value of cryptocurrencies traded against that currency. Therefore, traders need to pay attention to the swap forex market and its influence on fiat currencies to make informed decisions when trading cryptocurrencies.Dec 17, 2021 · 3 years ago
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