Forex is a Swedish financial services company. The company was started in 1927 as a currency exchange service for travellers, at the Central Station in Stockholm. The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. The owner began keeping the major currencies on hand. 1927 (MCMXXVII) was a common year starting on Saturday (link will take you to calendar). ... The Old town in Stockholm from the air (help· info) is the capital of Sweden, located on the east coast at the entrance of lake Mälaren. ...

The company was subsequently acquired by Statens Järnvägar, the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, Rolf Friberg, in 1965. The company was the only one apart from the banks that was licensed to conduct currency exchange in Sweden. Statens Järnvägar, or the Swedish State Railways, was a former enterprise agency of the Swedish government. ... 1965 (MCMLXV) was a common year starting on Friday (the link is to a full 1965 calendar). ... A bank is an institution that provides financial service, particularly taking deposits and extending credit. ...

The company, which is still wholly owned by the Friberg family, has expanded into Denmark, Finland, Norway and Iceland and has over 60 shops, usually located at train stations or airports. The decrease in the business brought on by introduction of the Euro has made the company look for alternative sources of revenue, like applying for a banking license and attempting to move into more regular transaction services, earlier handled by the Swedish postal service. The euro (plural euro, symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain; collectively also known as...

Forex is also a slang shorthand term for foreign exchange, the global currency market in where major currencies are traded against each other in attempts to profit on the fluctuations due to various economic events (also known as arbitrage). Foreign exchange has several meanings: In telecommunications, Foreign exchange service is a type of network service. ... In economics, arbitrage is the practice of taking advantage of a state of imbalance between two or more markets: a combination of matching deals are struck that exploit the imbalance, the profit being the difference between the market prices. ...

See also

• List of Swedish companies

This is a list of Swedish companies: Companies Asea Brown Boveri (Swedish-Swiss) Alfa Laval Akzo Nobel (Swedish-Dutch) Arla Foods (Swedish-Danish) Arla Plast Autoliv Assa Abloy AstraZeneca (Swedish-British) Atlas Copco Avanza Axel Johnson Group Axel Johnson AB Axfood Biacore Boliden Bonniers Bure Equity Bravida Nord Cashguard Civitas...

External links