Functions of the Foreign Exchange Market transfer purchasing power between countries; --International buying/selling of goods, services,and assets. obtain or provide credit for international trade transactions,and minimize exposure to the risks of exchange rate changes. --The FX market provides instruments utilized in hedgingFunctions of the Foreign Exchange Market transfer purchasing power between countries; --International buying/selling of goods, services, and assets. obtain or provide credit for international trade transactions, and minimize exposure to the risks of exchange rate changes. --The FX market provides instruments utilized in hedging