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Currency

SONIA

SONIA, or the Sterling Overnight Index Average, is a key benchmark in the world of finance. It measures the overnight interest rate that banks pay for unsecured transactions in the British sterling market. This rate is crucial for understanding the cost of funding for trades that take place outside of normal business hours. Essentially, SONIA reflects the level of overnight activity in the marketplace, providing valuable insights for financial analysis and decision making.

INR

The currency symbol for the Indian Rupee is ₹, which is derived from the Devanagari letter "र" (ra). The Rupee is the official currency of India and is used by over 1.3 bill...

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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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FOREX

It is the largest financial market in the world with an estimated daily trading volume of $5 trillion. The world of finance encompasses a vast array of terms and concepts, a...

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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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