Forex Bureau shops in Accra

By | July 12, 2022
Forex Bureau shops in Accra

Foreign exchange is the conversion of one currency into another at a specific rate known as the foreign exchange rate. The conversion rates for almost all currencies are constantly floating as they are driven by the market forces of supply and demand.

The kind of money specifically traded takes the form of bank deposits or bank transfers of deposits denominated in foreign currency at an authorized forex bureau. The most-traded currencies in the world are the United States dollar, Euro, Japanese yen, British pound, and Australian dollar.

The US dollar remains the key currency, accounting for more than 87% of the total daily value traded.
Many factors can potentially influence the market forces behind foreign exchange rates. The factors include various economic, political, and even psychological conditions. The economic factors include a government’s economic policies, trade balances, inflation, and economic growth outlook.

Political conditions also exert a significant impact on the forex rate, as events such as political instability and political conflicts may negatively affect the strength of a currency. The psychology of forex market participants can also influence exchange rates.

The foreign exchange market is a decentralized and over-the-counter market where all currency exchange trades occur. It is the largest and the most liquid market in the world. On average, the daily volume of transactions on the forex market totals $5.1 trillion, according to the Bank of International Settlements’ Triennial Central Bank Survey (2016).

The forex market major trading centers are located in major financial hubs around the world, including New York, London, Frankfurt, Tokyo, Hong Kong, and Sydney. Due to this reason, foreign exchange transactions are executed 24 hours, five days a week (except weekends). Despite the decentralized nature of forex markets, the exchange rates offered in the market are the same among its participants, as arbitrage opportunities can arise otherwise.

The foreign exchange market is probably one of the most accessible financial markets. Market participants range from tourists and amateur traders to large financial institutions (including central banks) and multinational corporations.

Also, the forex market does not only involve a simple conversion of one currency into another. Many large transactions in the market involve the application of a wide variety of financial instruments, including forwards, swaps, options, etc.

  1. Forbes Forex Bureau
    Location: Opposite Baastoona Total, spintex road, Accra, Ghana
    Telephone: 0302950128, 0244834188
    FAX: 0302760142
  2. Africhange Forex Bureau
    Location: Okai Mensah Rd., Adabraka, Accra, Ghana
    Telephone: 0302234549, 0277452799
    FAX: 0302233676
  3. Highway Forex Bureau
    Location: Near Alaska Cinema, Nima Highway, Accra, Ghana
    Telephone: 0302238085, 0208112339
    FAX: 0302238085
  4. Dawula Forex Bureaus Ltd.
    Location: Opp. Vicdoris Pharmacy, Ring Road Central, Accra, Ghana
    Telephone: 0302220478, 0244618425
  5. Ota Forex Bureau Ltd.
    Location: Next to Goil Filling Station, Adenta, Accra, Ghana
    Telephone: 0302505479
    FAX: 0302505479
  6. Quemexx Forex Bureau
    Location: 28 Jones Nelson Rd, Adabraka., Accra, Ghana
    Telephone: 0302257103
    FAX: 0302224825
  7. Tanko Forex Bureau Ltd.
    Location: Nima Highway, Accra, Ghana
    Telephone: 0302232186, 0208175049
  8. Acorn Forex Bureau
    Location: Farrar Ave., Adabraka, Accra, Ghana
    Telephone : 0302224324
  9. Panafrican Forex Bureau Ltd.
    Location: 9 Ring Rd. Central, Kokomlemle, Accra, Ghana
    Telephone: 0302224578
  10. Al-Mal Forex Bureau Ltd.
    Location: Nima Highway, Accra, Ghana
    Telephone: 0302501053, 0208110134
  11. Costa Forex Bureau Ltd.
    Location: Near Total Filling Station, Adabraka, Accra, Ghana
    Telephone: 0302226528, 0244255000
  12. Esam International Gh. Ltd.
    Location: 26/5 New John Sarbah Road, Accra, Ghana
    Telephone: 0312024117
    FAX: 0312024540
  13. 1st Choice Forex Bureau
    Location: Kwaku Nkrumah Bldg., Kokomlemle, Accra, Ghana
    Telephone: 0302245939, 0289518230
  14. Abdex Forex Bureau
    Location: Black Caesar’s Palace, Danquah Circle, Osu, Accra, Ghana
    Telephone: 0302776097
  15. A & B Forex Bureau
    Location: City Car Park, Accra Central, Accra, Ghana
    Telephone: 0244464247
  16. Accuned Forex Bureau Ltd.
    Location: 31st Guggisberg Av., Korle Bu, Accra, Ghana
    Telephone: 0302669583
  17. Adams Forex Bureau Ltd.
    Location: Near The Market, Abeka Lapas, Accra, Ghana
    Telephone: 0302667863
  18. Africa Haus Forex Bureau Ltd.
    Location: Kojo Thompson Rd., Tudu, Accra, Ghana
    Telephone: 0302667716
  19. Africodia Forex Bureau Ltd.
    Location: near Main Market, Mamprobi, Accra, Ghana
    Telephone: 0302222365
  20. Alisma Forex Bureau
    Location: General Post Office Lane, Accra, Ghana
    Telephone: 0302667676
  21. Anafi Forex Bureau
    Location: Behind The Post Office, Accra-Central, Accra, Ghana
    Telephone: 0302667749
  22. Amex Bureau De Change Ltd.
    Location: Kotobabi Police Station, Accra, Ghana
    Telephone: 0302223835
  23. Atarawo Forex Bureau Ltd.
    Location: Kimberly Av., Okaishie, Accra, Ghana
    Telephone: 0302667467
  24. Avenue Forex Bureau Ltd.
    Location: C115, Kwame Nkrumah Ave., Accra, Ghana
    Telephone: 0302225489
  25. Big ‘J’ Forex Bureau
    Location: AA574/5, Adabraka, Accra, Ghana
    Telephone: 0302226386
  26. Big Ten Bureau of Change Forex Bureau
    Location: 696/3, Zongo Junction Lane, Accra, Ghana
    Telephone: 0302665099
  27. Blessed Lady Forex Bureau Ltd.
    Location: No. C100 3A, Kojo Thompson Rd., Adabraka, Accra, Ghana
    Telephone: 0302231227

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