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A rate of a specified currency for converting all profits and losses into U.S. dollars.
Conversion Rate
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Related Terms
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Secured Overnight Financing Rate (SOFR) is the secured overnight funding rate in USD. It is a rate...
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An FX swap, or currency swap, involves two simultaneous currency purchases, one on the spot rate and the...
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
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A basis point is a unit used in trading to describe a fraction of the percentage used to express changes in...
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