Forex

Forex

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.

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Forex

carry

Economy; Forex

The income or cost associated with keeping a foreign exchange position overnight.

Basically its an exchange rate system in which allows a currency with fixed exchange rate to fluctuate within certain range or band of values. The par value of the stated currency is also adjusted ...

Cross Currency Swap

Economy; Forex

It is basically an agreement between 2 parties to interest payments and principal on loans denominated in two different currencies. For example A borrows X amount of USD from B and in exchange, A ...

Eurodollar

Economy; Forex

Eurodollar basically US dollar denominated deposits at foreign banks outside US. Originally, dollar-denominated deposits not subject to U.S. banking regulations were held almost exclusively in ...

Dirty Float

Economy; Forex

Also known as managed float, it's a system of floating exchange rates in which the government or the country's central bank occasionally intervenes, the government doesnt allow the currency ...

exchange rate

Economy; Forex

An exchange rate (also known as a foreign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another.