What is the foreign exchange market? Often times we hear people on the radio and television news and in person speaking about this foreign exchange market. Well the foreign exchange market is a global market that has been centralized and it is used as a financial market for trading foreign currencies of all kinds. There are many financial centers which are operating all around the world and all of these centers are working all day long with buyers and sellers who wish to participate in the global best exchange rates market and they do this because they want to benefit from the changes that market undergoes. The only time that the foreign exchange market is not functioning is on the weekends. Apart from that you will find that people are always here right around the clock and it is as if no one sleeps. This foreign exchange market is the one that determines the values or the relative values of all the different types of currencies that are present. This foreign exchange market is the base of the currencies and how they trade and how they change in value. This is why it is very important and people are working here all the time right around the clock.