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Currency

Currency basket

Regulative institutions often refer to a variety of foreign currencies as a benchmark when determining the value of a national currency in comparison to other currencies. This serves as a foundation for establishing a currency exchange rate. It is important for individuals to understand the significance of these benchmark currencies in order to make informed financial decisions. With the ever-changing global market, staying knowledgeable about foreign currencies is essential for financial success.

Flat

A trading book with no market exposure is commonly known as a "zero book" in the world of finance. This term refers to a book of financial instruments that have no current m...

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Big Figure

The concept of Big Figure may seem insignificant at first, but in the world of finance, it holds great importance. It refers to the first three digits of a currency quote, r...

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Price

The purchase or sale rate of the underlying currency is known as the strike price. This is the agreed upon price at which the currency can be bought or sold. It serves as a ...

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Broker

A broker is a knowledgeable professional who carries out transactions involving the buying and selling of currencies and related instruments. They work on a commission basis...

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