Latest News :
*For Guaranteed best fare of Flights / Hotels / Packages, Just click on below link :* *http://uttsworldonline.com.uttsworld.com/ CHINA / FRANCE / GERMANY / ISRAEL / ITALY / MALAYSIA / NETHERLANDS / SWEDEN w.e.f. 01 July, 2017, VFS charges updated. GERMANY Visa requirements updated. AUSTRALIA W.E.F. 01st July 2017 Australia visa fees will be Rs 7100/- and VFS Chrgs Rs 1148/- With effect from 1st July 2017, VFS Australia Visa Application Centre is switching to a new payment mode i.e. “Debit card & Credit card Payment”. With the launch of this new service, Visa fee for all Australian Visa Applications lodged will be paid through Debit card & Credit cards only. BANGLADESH The Consulate in Mumbai will be closed from 23rd June to 28th June 2017 due to Eid Holidays... EGYPT The consulate in Mumbai will be closed due to Renovation from 26th June 2017 To 26th July 2017. SWISS Visa requirements updated. NETHERLANDS Visa fees updated. SWISS / AUSTRALIA Visa requirements & visa fees updated. SPAIN Visa requirements updated. GERMANY w.e.f. 26th March, 2017, visa fees updated. SINGAPORE Visa requirements updated. CHINA The Consulate & VFS in Mumbai will be closed on 29th & 30th May 2017. FRANCE / ITALY / NETHERLANDS Visa fees updated. RUSSIA w.e.f 19th May 2017, Russia consulate will take more time to process visa application. Urgent - 03 to 04 Working days and Normal : 05 to 20 Working days NEW ZEALAND w.e.f. 1st may 2017, Demand Draft of Nationalized bank or Multi Nationalized bank in the favouring of 'TT Services" payable at Mumbai amount of Rs. 1,000/-. MALAYSIA W.E.F. 01st April 2017, photo specifications updated. GERMANY w.e.f. 24th March, 2017, visa fees updated. CHINA The Mumbai consulate will be closed on 28th March 2017 and also from 01st to 04th April 2017. THAILAND Visa fees updated. NETHERLANDS The consulate will require birth certificate copy of Kids travelling with Parents Or without Parents while applying the visa application at VFS. The Birth certificate will be accepted only in English Language. SWISS w.e.f. 09.03.2017, VFS charges updated. SPAIN BLS address updated. TURKEY W.E.F : 28/02/2017, Consulate required invitation letter from Turkey with mentioning Turkish company V.D Number for all Business visa. THAILAND W.E.F. 01st March, Free Visa fees Scheme is Extended Till 31st Aug 2017 . Pls note the VFS charges are applicable Rs 260 per passport . Visa on Arrival charges {VOA}: 1000 THB INDONESIA Visa fees updated. BELGIUM VFS charges updated. GERMANY VFS charges updated. ISRAEL Visa requirements updated. FRANCE Visa fees updated. GHANA Business visa requirements updated. CHINA w.e.f. 2nd February 2017, VFS charges updated. BELGIUM W.E.F 25th January 2017, All applicants applying for Short term Or Long term visa, Need to come at the Visa Application centre for Biometric & Digital Photograph. This Rule is applicable for All pax Including Children Below 12 years also. GERMANY VFS charges updated. IRAN W.E.F. 12th Jan 2017, has to be filled online form & have to upload Passport 1st page and passport graphs consulate website, https://e_visa.mfa.ir/en W.E.F. 16th Jan 2017, The courier charges for blue dart will be Rs 350 per packet & maximum 05 passports in 01 packet. For Pune Clients W.E.F. 16th Jan 2017 , The Return courier charges will be Rs 250 per packet, Our Pune branch office to Mumbai & the same way return... TURKEY w.e.f. 6th January 2017, visa fees updated. ISRAEL w.e.f. 3rd January 2017, visa fees updated. SOUTH KOREA w.e.f. 3rd January 2017, Visa fees updated. SRI LANKA Visa requirements updated. SOUTH AFRICA w.e.f. 3rd January 2017, VFS charges updated.

 

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What Is Forex?
The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros(EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day. (The total volume changes all the time, but as of August 2012, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U.S. $4.9 trillion per day.)

One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.

Spot Market and the Forwards and Futures Markets
There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market and the futures market. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.

What is the spot market?
More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal". It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.

What are the forwards and futures markets?
Unlike the spot market, the forwards and futures markets do not trade actual currencies. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement.

In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves.

In the futures market, futures contracts are bought and sold based upon a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange. In the U.S., the National Futures Association regulates the futures market. Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterpart to the trader, providing clearance and settlement.

Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. The forwards and futures markets can offer protection against risk when trading currencies. Usually, big international corporations use these markets in order to hedge against future exchange rate fluctuations, but speculators take part in these markets as well. (For a more in-depth introduction to futures, see Futures Fundamentals.)

Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market.

 

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Unicorn Tourism & Tours Services Pvt. Ltd.  

Office No.004, A-wing,                                                   
Royal Shalibhadra Complex Bldg no.02, Pleasant Park,  
Mira Road ( E ),                                                          
Mumbai - 401107 India

Mob: 9820515121 / 9833515121

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Latest News


*For Guaranteed best fare of Flights / Hotels / Packages, Just click on below link :* *http://uttsworldonline.com.uttsworld.com/  
CHINA / FRANCE / GERMANY / ISRAEL / ITALY / MALAYSIA / NETHERLANDS / SWEDEN w.e.f. 01 July, 2017, VFS charges updated.  
GERMANY Visa requirements updated. 
AUSTRALIA W.E.F. 01st July 2017 Australia visa fees will be Rs 7100/- and VFS Chrgs Rs 1148/- With effect from 1st July 2017, VFS Australia Visa Application Centre is switching to a new payment mode i.e. “Debit card & Credit card Payment”. With the launch of this new service, Visa fee for all Australian Visa Applications lodged will be paid through Debit card & Credit cards only.  
BANGLADESH The Consulate in Mumbai will be closed from 23rd June to 28th June 2017 due to Eid Holidays... 
EGYPT The consulate in Mumbai will be closed due to Renovation from 26th June 2017 To 26th July 2017. 
SWISS Visa requirements updated. 
NETHERLANDS Visa fees updated. 
SWISS / AUSTRALIA Visa requirements & visa fees updated. 
SPAIN Visa requirements updated.  
GERMANY .e.f. 26th March, 2017, visa fees updated. 
SINGAPORE Visa requirements updated.  
CHINA The Consulate & VFS in Mumbai will be closed on 29th & 30th May 2017.& nbsp;
FRANCE / ITALY / NETHERLANDS Visa fees updated.  
RUSSIA w.e.f 19th May 2017, Russia consulate will take more time to process visa application. Urgent - 03 to 04 Working days and Normal : 05 to 20 Working days.  
NEW ZEALAND w.e.f. 1st may 2017, Demand Draft of Nationalized bank or Multi Nationalized bank in the favouring of 'TT Services" payable at Mumbai amount of Rs. 1,000/-.  

MALAYSIA W.E.F. 01st April 2017, photo specifications updated.
 
GERMANY w.e.f. 24th March, 2017, visa fees updated.
 
THAILAND Visa fees updated.
 
NETHERLANDS The consulate will require birth certificate copy of Kids travelling with Parents Or without Parents while applying the visa application at VFS.
The Birth certificate will be accepted only in English Language.
 
SWISS w.e.f. 09.03.2017, VFS charges updated.
 
SPAIN BLS address updated.
 
THAILAND W.E.F. 01st March, Free Visa fees Scheme is Extended Till 31st Aug 2017  . Pls note the VFS charges are applicable Rs 260 per passport . Visa on Arrival charges {VOA}: 1000
 
THE INDONESIA Visa fees updated..
 
BELGIUM VFS charges updated .
  
GERMANY VFS charges updated.
 
ISRAEL Visa requirements updated.  
FRANCE Visa fees updated.

GHANA Business visa requirements updated.

CHINA w.e.f. 2nd February 2017, VFS charges updated. st  th  ….BELGIUM W.E.F 25th January 2017, All applicants applying for Short term Or Long term visa, Need to come at the Visa Application centre for Biometric & Digital Photograph. This Rule is applicable for All pax Including Children Below 12 years also.

BELGIUM W.E.F 25th January 2017, All applicants applying for Short term Or Long term visa, Need to come at the Visa Application centre for Biometric & Digital Photograph. This Rule is applicable for All pax Including Children Below 12 years also.

The Consulate & VFS in Mumbai will be closed from 1st Oct To 4th Oct 2016.

THAILAND

W.E.F 26/09/2016 For Thai visa Consulate reqd 03 colour photo 35mm x 45mm white back ground 80% face for each pax.

Double entry transit visa requirements updated.

SPAIN 
W.E.F 26th September 2016, Consulate will require Invitation letter from the Spanish company in Spanish language only. Letters issued only in English will not be accepted ...

W.E.F 26th September 2016  Spain visa processing time taken will be 15 working days.


BRAZIL
Personal Org bank statement for last 03 months with minimum balance of Rs. 1 lakh with org bank seal & sign on each page, bank pass book copy will not do.
  

CHINA 
The consulate & VFS in Mumbai will be closed from 15th Sept To 18th Sept 2016… Please note from 19th Sept there might be rush at the VFS and the consulate will accept limited passport only.


MALAYSIA
W.E.F 15th Sep 2016, VFS charges will be revised to Rs. 4600/- & Visa fees Rs. 1000/-, Total Consulate & Vfs charge will be Rs. 5600/- for per applicant.
ANDAMAN, DUBAI, THAILAND & GOA FIXED DEPARTURES AVAILABLE..( For more details, Just click on Link Below )

http://www.uttsworld.com/index.php/services/flight-booking

BANGLADESH

The consulate in Mumbai will be closed from 12th Sept. 2016 to 14th Sept. 2016 as earlier it was only on 12th Sept. & 13th Sept.

EGYPT NEWS

The consulate in Mumbai will be closed from 12th Sept. 2016 to 15th Sept. 2016 as earlier it was closed only on 12th & 13th Sept. 2016.

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