The good news for prospective investors is that the US Dollar is not the lone currency gaining in value because of revitalized economies. Forex rates have rarely been so favorable for making investments. The Australian dollar is among the many foreign currencies that have seen their values fall in recent weeks. The reason for this depreciation of the Australian dollar was the drop in activities of a Chinese services index, which is soon expected to pick up. The outlook remains positive and the currencies stand to gain strongly in the next few months.
Forex trading in India is picking up speed as successive governments launch favorable initiatives. Currency future exchanges have been established in the country, with the National Stock Exchange (NSE) being the first in the country to be granted approval for setting up the currency derivative segment. It is possible to trade against the Euro, Pound Sterling and the Japanese Yen, besides the US Dollar, at the NSE. Remittances have been largely instrumental pushing foreign currency into the country. India and China were expected to receive nearly a third of the USD$ 414 billion in remittances to the developing world in 2013.
India also happens to be the fastest-growing outbound travel market in the world. Tourism Australia estimates that the number of outbound tourists from India would leap from 15 million currently to a whopping 50 million in 2020. As a result, tools like the forex borderless prepaid card will get popular. Thomas Cook India is among the clutch of trusted travel partners providing tourists with forex prepaid cards that make their journeys pleasant and entirely tension-free.