the market-makers: large international banks which hold stocks of currenciesbetween buying (bid) and selling (offer) rates of exchange;l speculators: banks, firms and individuals who attempt to profit from outguessingthe market;l arbitrageurs: banks that make profits from buying in one market at the same timeas selling in another, taking advantage of small inconsistencies that develop betweenmarkets;between buying (bid) and selling (offer) rates of exchange;
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