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What is the price of one nations currency in terms of another nations currency?
The price of one currency can be measured by another currency, as the total amount of the currency that is equivalent to one unit of the measurement currency. Currencies are often quoted in pairs when measured this way. For example, the exchange rate of the Euro and the US Dollar can be quoted as EURUSD and USDEUR, depending on which currency is being measured (EUR representing the Euro, USD representing the United States Dollar). As an example, the current EURUSD exchange rate is 1.4675. This means that US$1.4675 is equivalent to 1 Euro at the current exchange rate. Likewise, the USDEUR exchange rate is roughly 0.6814 at the time of this answer's creation, as roughly 0.6814 Euros are equivalent to 1 United States Dollar.
What does the term "EURUSD" signify in the world of forex trading?
The term "EURUSD" in forex trading signifies the currency pair composed of the Euro (EUR) and the US Dollar (USD). It represents the exchange rate between the Euro and the US Dollar, indicating how many US Dollars are needed to purchase one Euro.
Definition of the CVIX currency index?
CVIX Index: It is an weighted average of the 3M implied volatility across 9 major pairs of currencies. the various currency pairs are assigned various weightages with EURUSD having 36% and USDJPY having 22% weightages. It signfies investor expectation of future volatility. Hope this helps Arun
What is the price of one nations currency in terms of another nations currency?
The price of one currency can be measured by another currency, as the total amount of the currency that is equivalent to one unit of the measurement currency. Currencies are often quoted in pairs when measured this way. For example, the exchange rate of the Euro and the US Dollar can be quoted as EURUSD and USDEUR, depending on which currency is being measured (EUR representing the Euro, USD representing the United States Dollar). As an example, the current EURUSD exchange rate is 1.4675. This means that US$1.4675 is equivalent to 1 Euro at the current exchange rate. Likewise, the USDEUR exchange rate is roughly 0.6814 at the time of this answer's creation, as roughly 0.6814 Euros are equivalent to 1 United States Dollar.
What does the term "EURUSD" signify in the world of forex trading?
The term "EURUSD" in forex trading signifies the currency pair composed of the Euro (EUR) and the US Dollar (USD). It represents the exchange rate between the Euro and the US Dollar, indicating how many US Dollars are needed to purchase one Euro.
Definition of the CVIX currency index?
CVIX Index: It is an weighted average of the 3M implied volatility across 9 major pairs of currencies. the various currency pairs are assigned various weightages with EURUSD having 36% and USDJPY having 22% weightages. It signfies investor expectation of future volatility. Hope this helps Arun
What is an exchange market?
The Forex market can be thought of as a large exchange booth where currencies are bought and sold against each other. If you know, for example, that the dollar is going to increase in value, you buy dollars right now, wait for the currency to rise in value and then sell your dollars for another currency later at a higher price. This is essentially how things work on the Forex market. The only difference, of course, is that on the Forex market the volumes are much larger. The fact that the price of currencies is in constant fluctuation is what makes earning money on the Forex market possible at all times. Since currencies are priced relative to each other, a loss of value in one currency necessarily entails a gain in another currency. This brings us to the idea of a currency pair, one most important concepts in trading currencies. A currency pair simply represents the price of one currency in terms of another. For example, when it is said that "EURUSD is 1.2505" it means that 1 euro costs 1.2505 dollars. Ref: alpari.com/en/beginner/about_forex/
What is forex market?
The forex market refers to "Foreign Exchange." It involves trading currencies of various countries. In the spot (cash) Forex market you are trading currency "pairs" which means the relationship between one currency and the other. For example the EURUSD Forex pair tracks the relationship between the Euro and the US dollar. Currencies can also be traded through the futures market and now even via ETFs (Exchange Traded Funds) which trade similarly to stocks. Spot Forex and futures have very heavy leverage, which can be a 2-edged sword - allow you to make money fast, with a smaller trading account (which attracts a lot of people) but also allows you to lose a lot of money fast, potentially more than you even have in your account, so be careful! If you want to trade on Forex in automated way, you need to choose really profitable Forex trading software. The main benefit of auto Forex trading is that auto Forex system will trade instead of you and you can spend your time in any way (sleep, fun, eat, etc.)
What is Dipriciation?
Depreciation can be defined in several ways according to the context it is used. Depreciation in an accounting context refers to the reduction in the value of an asset. This reduction is usually the result of wear and tear on assets as time passes. (Think of a car. A car losses its value as it ages as the mileage goes up). Depreciation in this context can be used to revalue the asset and allocate the loss of value as an expense. There are different ways to calculate depreciation such as the straight line method, the accelerated method, etc, but fundamentally the same concept of assigning the cost of the asset over its useful life applies. In another context, that of currency trading, depreciation refers to the loss of value of one currency relative to the other.Currencies are traded in pairs. (e.g.: EUR/USD) so if the parity (conversion rate) on EURUSD goes up, the USD loses strength or depreciates against the EUR.
What is the dipriciation?
Depreciation can be defined in several ways according to the context it is used. Depreciation in an accounting context refers to the reduction in the value of an asset. This reduction is usually the result of wear and tear on assets as time passes. (Think of a car. A car losses its value as it ages as the mileage goes up). Depreciation in this context can be used to revalue the asset and allocate the loss of value as an expense. There are different ways to calculate depreciation such as the straight line method, the accelerated method, etc, but fundamentally the same concept of assigning the cost of the asset over its useful life applies. In another context, that of currency trading, depreciation refers to the loss of value of one currency relative to the other.Currencies are traded in pairs. (e.g.: EUR/USD) so if the parity (conversion rate) on EURUSD goes up, the USD loses strength or depreciates against the EUR.
Which Forex broker provide tight spreads and great pricing?
ECN or STP or NDD Brokers are the best in providing tight spreads and great pricing. However they all come with conditions either on commissions or certain fees but you get a straight-through price feed from the banks. Also there are issues of spread widening during extreme volatile periods especially during economic news release in Forex. In most cases spread widens a bit and it is beyond the control of some brokers due to surge in price feed demands to liquidity providers. It is better to use spread checking indicators to check mate undue spread manipulations. There is a broker (Hotforex) who provides spreads as low as 0.4 pips for EURUSD and spreads up to 1 pip.
What is the stock exchange symbol for gold?
For Yahoo Finance: Gold: XAUUSD=X Silver: XAGUSD=X Canadian in USD: CANUSD=X Euro in USD: EURUSD=X GLD is the symbol for SPDR Gold Trust (ETF) (NYSE) If you are using MSN Money, (Or the Sidebar Gadget in Windows Vista or 7), the symbol is: -GC
