In this modern world, where every thing has to be changed, we find that there a dramatic changed has occurred at global market place. New investors, traders and business men have developed new strategies. Foreign Exchange market opens a new door for the traders through which they can trade without any risk via online or telephone and contract with big companies through transactions, throughout 24 hours in a day. That’s why multinational companies, banks take apart in foreign exchange trading, also recognized as the term of forex trade.

The word “Forex trade" stands for foreign exchange or exchanging of money like: the Euro to US Dollar (EUR/USD) or US Dollar / Japanese Yen (USD/JPY) which is also known as FX. The two ways forex trading of currencies is called forex pair trade i-e we are buying and selling one another currency simultaneously.

Currency is no doubt an essential element for every country. Through the system of exchange of money, different countries having different currencies participate in trading or currency exchange for example Pakistani Currency is recognized in rupees (PKR) at international level and when it is exchanged into dollars its value changes as US Dollar (USD) = 80.385 Pakistan Rupee (PKR). Every country has its own currency symbol through which they can buy and sell easily.

Some of the other major currencies with their symbols and their change rates in Pakistan Rupees are given below:

Currency	Symbol	Rate	Inverse
Australian Dollar	AUD	0.0162	61.7863
Canadian Dollar	CAD	0.0143	69.9226
Euro	EUR	0.0091	109.5175
Japanese Yen	JPY	1.2283	0.8142
U.A.E Dirham	AED	0.0458	21.8438
UK Pound Sterling	GBP	0.0082	122.3144

There are many factors affecting forex pairs like: country exchange position, political stability, consumer sentiment. These factors directly affect the Forex trade and become the cause of ups and downs in exchange rates. Sometimes it gives benefits to the traders or some time its gives worst impact on trade due to the fluctuation of money.

So, we can say that the exchanging of money has a great importance. No doubt, the forex trade is full of risk, and traders has to depend on others on the basis of believe. But it will be fruitful, if it gives benefits and take apart in the development of the country like: Karachi and Lahore’s stock exchange market dealing at international level and doing a lot of big projects efficiently.