Foreign Exchange Services In Uganda
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Foreign Exchange Services In Uganda
Foreign exchange refers to exchanging the currency of one country for another at prevailing exchange rates. Let us take a close look at the meaning of foreign exchange. Different countries have different currencies. Foreign exchange converts the currency of one country into another. Foreign exchange is the trading of different national currencies or units of account. It is important because the exchange rate, the price of one currency in terms of another, helps to determine a nation’s economic health and hence the well-being of all the people residing in it.
The foreign exchange market is a global online network where traders and investors buy and sell currencies. It has no physical location and operates 24 hours a day for 5-1/2 days a week. Foreign exchange markets are one of the most important financial markets in the world. Later, Marshall Sahlins used the work of Karl Polanyi to develop the idea of three modes of exchange, which could be identified throughout more specific cultures than just Capitalist and non-capitalist. These are reciprocity, redistribution, and market exchange.
When exchange rates change, the prices of imported goods will change in value, including domestic products that rely on imported parts and raw materials. Exchange rates also impact investment performance, interest rates, and inflation and can even extend to influence the job market and real estate sector. Demand for foreign exchange arises when people want to speculate on the value of foreign currency. Speculators demand foreign currency in the present period with the aim of selling it in future at higher prices.
List Of Foreign Exchange Services In Uganda
Below Are The Partial List Of Foreign Exchange Services In Uganda
Midwest Forex Bureau Ltd
Kampala Road, King Fahd Plaza Shops 9 and 22, Kampala, Uganda
+256 754 486893
La Cedri Forex Bureau – Main Branch
8H8J+3CC, Speke Rd, Kampala, Uganda
+256 41 4253720
UNIMONI EXCHANGE SERVICES LTD
Plot No 29/33, Amber House, Kampala Road, Kampala Amber House, Uganda
+256 39 2265923
Prime Forex Bureau Ltd
Shop D-69, City Complex Plaza, Plot 17 Market Street/ POBox 28401 Market St, Kampala, Uganda
+256 41 4250476
Kamwe Forex Bureau
8JG4+X89, Lugogo By-Pass, Kampala, Uganda
+256 31 2107429
Shumuk Forex Bureau
8H7J+7JJ, Speke Rd, Kampala, Uganda
+256 41 4259736
Money World Forex Bureau Ltd
8H7H+38X, Luwum St, Kampala, Uganda
+256 772 584315
Priceline Forex Bureau
Bukoto Ntinda Rd, Kampala, Uganda
+256 41 4693902
Metropolitan Forex Bureau Ltd
P.O Box 8166, Kampala, Uganda
+256 41 4232773
Jetset Forex Bureau – Kampala Casino
8H7M+VCP, Kimathi Ave, Kampala, Uganda
+256 41 4237704
Super Gate Forex Bureau
UAP Insurance House, Kimathi Ave, Kampala, Uganda
+256 41 4343103
Zeal Forex Bureau Ltd
Orient House, Kampala Road, Kampala, Uganda
+256 755 544555
BM Forex Bureau
Plot 8/10, Kampala Road, Uganda House Kampala Road, Kampala 7258, KAMPALA, Uganda
+256 41 4259359
Superior Exchange Forex Bureau
8H8G+3G3, Wilson Rd, Kampala, Uganda
+256 712 152535