Financial services

Financial services

Related to any service provided by the finance industry, which encompasses a broad range of organisations that deal with the management of money.

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Financial services > 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 ...

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 ...

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.