Glossary Dictionary

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Exchange rate regimen where a currency’s exchange rate is pegged (fixed) in relation to a stronger currency, such as the US Dollar or the Euro. The pegged rate is adjusted occasionally in an attempt to improve the country’s competitive position. For example, China’s Yuan is sometimes pegged to the US Dollar.
A fee charged to exchange money from one currency to another.
This is the simultaneous buying and selling of foreign exchange pairs in order to realize a profit from a discrepancy between foreign exchange rates in the market at the same time in different markets.
This is the price at which the foreign exchange pair or CFD is offered.
An item that has value; an investment such as stocks, options, or Forex.
An instruction provided to a broker to buy or sell at the best rate that is currently available in the market.
The abbreviation for the Australian dollar and U.S. dollar (AUD/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one Australian dollar (the base currency).
Slang for the AUD/USD currency pair.
Depending on the regulatory body, a dealer authorised to deal in Foreign Exchange.
A trader who uses an automated system to input trades without any human input.
A settlement system used by banks and brokers to process and report transactions.
System of recording a country’s economic transactions.