Currency Trading

As of 16Oct09, the interbank rate is 439, so expect to get somewhere 3-5% either side of that.

100 Bangladeshi Taka is worth 69 Philippine Pesos as at 23Sep09

American money is identified by to words 'United States of America'.

In Forex trading you take a position on a currency pair, either long (meaning that it will increase) or short(meaning that it will decrease). Hedging refers to safeguarding your position with an opposite trade on the same pair.

The idea is that one of the positions will make money while the other looses money, once it is clear which one was the correct position you close the wrong one for a small loss. But the goal is that the one that makes money will more than offset the small loss.

The US Futures & Commodoties Exchange Commission recently banned Forex hedging on the same pair for all US based traders. It is still allowed internationally, and US traders can use international trading platforms online to place single pair hedged trades. There are also different currency pairs that have inverse relationships to each other, so US traders can hedge their risk using separate pairs.

It is a floating relationship (USD1 = PHP 48 as at 16Sep09) but the Philippine central bank regularly intervenes to influence the currency.

$2.33 USD

The Mark-To-Market gain or loss from trade date to settlement date will reflect any move in the currency's value over the period.

This is 20 Chinese Yuan.

As at 11Oct09 20 Yuan was worth 2.92 US Dollars.

Cash sales for immediate delivery.

Shipping terms / Spot rate - Rate for single voyage based on the market situation on the day.

Headgers are basically people who tend to mitigate the risk arising out of a trade or any underlying securities basically includes exporters & importers.

Speculators on the otherhand bet on the price movements takes calculated risk when the market moves up on their expectations.

Arbitrageurs takes risk by investing in alternative markets. Gain realised from the same is unlimited.

All of the above are highly important as far as currency future market is concerned.

its about 5.81 us dollors The Jamaican Dollar fluctuates on each trading day vs the USD. However it tends to loose value more than it gains on these trading sessions. While lost or increase in value is not that great on a particular day over a few weeks or months the difference could be significant if you are changing a tidy sum.

1 Pip would be roughly $10. Though the price varies from pair to pair.

A bolivars is the unit of money in Venezuela. One bolivars is worth 16 American cents and 5 bolivars are worth 79 American cents.

Piso or Peso

Currently, one US dollar is worth approximately 46php (Philippine peso's) the exchange amount varies from day to day depending on world markets. You can follow the exchange rate on popular websites, (xe.com) being a favorite...

To put into perspective...if you took $100,000 US dollars to the Philippines and exchanged it to PHP (Philippine Pesos) you would have approximately 4.5 million Philippine pesos...enough to be a "Philippine Millionaire" or...buy the Philippine Presidency.....

$700 is €662.44 (1/10/17)

Traditionally a Forex Broker will be reselling an OTC (Over the Counter) financial product in the form of a currency pair ex. EUR/USD, to gain profit from the spread between the "ask" and the "bid" price. This is the case for both ECN (Electronic Communications Network) and Market Makers. Cash Rebates or Cash Backs in any form are indicative that the specific Broker takes charge for customers P&L and thus compromising objectivity.

Exchange rates change every day so any answer posted here would be out of date within 24 hours. You need to check a site such as www.xe.com, CNNMoney, etc. for the latest conversion factors.

As of 12/23/09, €249 is worth about $354.94 USD.

One dollar is about 75 cents in Euros. Or about $1.33 dollars for a Euro.

One AED = 13.14 RS (Today Exchange rate)
870 AED = 870*13.14=11,431RS 80 Paisa

In currency exchange, money from one country is bought using money from another country.