14 Terms
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Currency exchange
Industry: Financial services
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Currency exchange
Greek drachma
Financial services; Currency exchange
The official currency of Greece before it was replaced by the euro in 2001 after the country adopted the European common currency. As a currency, the drachma dates back to ancient Greece when it was ...
negative carry pair strategy
Financial services; Currency exchange
A foreign exchange strategy where investors long a low-interest currency and short a high-interest currency. This is a very risky trade to make, and can result in significant losses if the reserve is ...
choice market
Financial services; Currency exchange
A rare scenario where the spread between the bid and ask prices is equivalent to zero, which implies that a currency can be bought or sold at the same price.
adjustable peg
Financial services; Currency exchange
An exchage rate policy where a country's national currency is fixed to a major currency like the U.S. dollar, but where the rate can be changed within a defined interval.
micro-lot
Financial services; Currency exchange
An order for 1000 units of a base currency, namely the currency being bought or sold.
authorized forex dealer
Financial services; Currency exchange
A financial institution that has been authorized to be a dealer in the trading of foreign currencies.
