Refers normally to the first three digits of an exchange rate that dealers treat as understood in quoting. For example, a quote of “50/60” on EUR/USD could indicate a price of 1.3050/60.
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Related Terms
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex market, you buy or sell in currency pairs. As the value of one currency rises or falls...
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for another. While it is called “foreign” exchange, this is just a relative term. The terms...
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