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Foreign Exchange The simultaneous buying of one currency and selling of another in an over-the-counter market. Most major FX is quoted against the US Dollar.

Contributors in Forex


acid test

Economy; Forex

A stern measure of a company's ability to pay its short term debts, in that stock is excluded from asset value.


Economy; Forex

Anything owned by the company having a monetary value; eg, 'fixed' assets like buildings, plant and machinery, vehicles and potentially including intangibles like trade marks and brand names, and ...

asset turnover

Economy; Forex

Measure of operational efficiency - shows how much revenue is produced per £ of assets available to the business. (sales revenue/total assets less current liabilities)


Economy; Forex

In a financial planning context the word 'budget' (as a noun) strictly speaking means an amount of money that is planned to spend on a particularly activity or resource, usually over a trading year, ...


Economy; Forex

The movement of cash in and out of a business from day-to-day direct trading and other non-trading or indirect effects, such as capital expenditure, tax and dividend payments.

cost of goods sold (COGS)

Economy; Forex

The directly attributable costs of products or services sold, usually materials, labour, and direct production costs. Sales less COGS = gross profit. Effetively the same as cost of sales (COS).

current ratio

Economy; Forex

The relationship between current assets and current liabilities, indicating the liquidity of a business, ie its ability to meet its short-term obligations. Also referred to as the Liquidity Ratio.

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