Characteristics of Longitudes. • Latitudes – is the imaginary lines stretching from the Prime Meridian East up to the International Date Line: the East and from the Prime Meridian West up to the International Date Line ClickManagement Travel to edit Master • Equator – is the imaginary line that encircles the middle of Companies text styles and Travel Agencies the earth. Most Dynamic Market in the World 3. connecting the North and South Poles. IDL means the International Date Line, which is along 180° E & W. The date or day changes while crossing this line i.e. An idea about international rules: People in international business should have a clear idea of international rules and the mechanism to exchange one currency for another.. 4. UTC−12:00 is an identifier for a time offset from UTC of −12:00, sometimes referred to as the International Date Line West (IDLW). – The International Date Line, or 180° meridian, serves as the transition line for calendar days. The international date line is an imaginary line of demarcation on the surface of Earth , that runs from the North Pole to the South Pole it also helps to demarcates the change of one calendar day to the next day . Twenty-Four Hour Market 4. – Traveling west across the International Date Line, you would advance your calendar one day. It is the earliest (the clocks shows less than elsewhere) and latest time zone (noon and midnight happen after any other zone). 4. They run in a true north-south direction from . Meridians help us to determine standard time. 3. – Traveling east, you would move your calendar back one day. International Date Line (Longitude 180 o). C. The International Date Line roughly follows 0º latitude. The characteristics are: 1. 2. Most Liquid Market in the World 2. The International Date Line (180 degrees longitude) is opposite the prime meridian and indicates the start of each day (Monday, Tuesday, etc.). A. The International Date Line is a line of longitude roughly located at 180 degrees. Each meridian is half of a great circle. 3. The International Date Line roughly follows 180º longitude. It passes through the middle of the Pacific Ocean (following the 180° line of longitude ). The International Date Line is located at 180 degrees east or west of the Greenwich Meridian and is an imaginary line of longitude that differentiates between two different days. converges at the poles. while there is Monday in the Eastern Hemisphere i.e. 1. The International Date Line shows the point at which the Eastern and Western Hemispheres are in different days. Do not confuse the International Date Line with the prime meridian (0 longitude). Market Transparency 5. International Network of Dealers 6. Most Widely Traded Currency is the Dollar 7. A large number of middlemen: The procedure for export and import is too complicated and involves a large number of middlemen. 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