A rate of a specified currency for converting all profits and losses into U.S. dollars.
Conversion Rate
Related Terms
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Carry trade is a widely-used trading strategy that involves borrowing in a low-interest-rate currency and investing in a high-interest-rate currency to profit from the interest rate differentials. This strategy is particularly popular in the foreign exchange market, where traders seek to capitalize on the differences between countries’ interest rates. Let’s explore the concept of carry […]
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In trading, “account value” often referred to as “account equity,” refers to the total value of a trading account at a given point in time.
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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 the value of financial instruments. It is equal to one-hundredth of one percent, or 0.01%. A basis is also referred to as bp, which is pronounced “bip” or “beep”. What is basis point? A […]
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Petrodollars are oil revenues denominated in U.S. dollars.
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In today’s interconnected world, international trade and finance play a critical role in the global economy. With various currencies in circulation, it is essential to have a standardized system to distinguish and identify them without ambiguity. That’s where ISO 4217 comes in—a universal standard established by the International Organization for Standardization (ISO) to represent the […]