Sunday, January 2, 2011

BUY SELL FOREIGN EXCHANGE AND SHARE

The definition of foreign currency is the currency abroad are like the U.S. dollar, British pound, Malaysian ringgit and so forth. When international trade occurs between countries then each country needs foreign exchange to pay foreign equipment in the world is called foreign exchange trading. For example, Indonesian exporters will earn foreign currency from exports, on the contrary importer Indonesia needs foreign exchange to import from abroad.
Thus there will be supply and perminataan on the stock exchange. each state full authority to set rates money each (exchange rate is the ratio of their monetary value against foreign currencies), such as 1 U.S. dollar = Rp. 10,000. But the exchange of money or exchange ratio at any time can vary, depending on the economic strength of each country. Listing of exchange of money and buying or selling foreign currency held in Foreign Currency ExchangeTypes of Foreign Exchange transactionsa.Transaksi SPOT, which is related to purchases and sales of foreign currency for delivery at the time (over the counter) or its completion no later than within two days. Law is permissible, because it is cash, while the next two days are considered as a settlement process that can not be avoided and an international transaction.
b.Transaksi FORWARD, namely the purchase and sale of foreign currency transactions whose value is set at the present time and place for the future, between 2x24 hours up to one year. The law is illegitimate, because the price used is the contracted price (muwa'adah) and delivery performed at a later date, when the price at the time of delivery are not necessarily equal to the value agreed upon, unless done in a forward agreement to needs that can not be avoided (lil Hajah).
c.Transaksi SWAP is a contract for the purchase or sale of foreign exchange spot prices, which combined with the purchase of sale of foreign currency equal to the forward price. Is haraam, because it contains elements of gambling (speculation).
d.Transaksi OPTION is a contract to acquire rights in order to buy or sell the right to not have to be done over a number of units of foreign currency on the price and time period or a specific end date. Is haraam, because it contains unusru gambling (speculation).

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