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This is a list of telephone dialling codes in the United Kingdom, which adopts an open telephone numbering planfor its public switched telephone network. The national telephone numbering plan is maintained by Ofcom, an independent regulator and competition authority for the UK communications industries. This list is based on the official standard, but includes defunct codes and historical ...
Exchange controls in the United Kingdom. Exchange controls, also known as capital controls and currency controls, limiting the convertibility of Pounds sterling into foreign currencies, operated within the United Kingdom from the outbreak of war in 1939 until they were abolished by the Conservative Government of Prime Minister Margaret Thatcher ...
An exchange rate between two currencies fluctuates over time. The value of a currency relative to a third currency may be obtained by dividing one U.S. dollar rate by another. For example, if there are ¥120 to the dollar and €1.2 to the dollar then the number of yen per euro is 120/1.2 = 100.
In many countries there is a distinction between the official exchange rate for permitted transactions within the country, and a parallel exchange rate (or black market, grey, unregulated, unofficial, etc. exchange rate) that responds to excess demand for foreign currency at the official exchange rate.
The foreign exchange market ( forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) 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.
Sterling is the world's oldest currency in continuous use since its inception. [6] In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. [7] Together with those three currencies and Renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022 ...
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency 's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold . There are benefits and risks to using a fixed exchange rate system.
Country calling codes, country dial-in codes, international subscriber dialing ( ISD) codes, or most commonly, telephone country codes are telephone number prefixes for reaching telephone subscribers in foreign countries or areas via international telecommunication networks.