Base Currency
Base Currency is a market-structure term used in trading venues, intermediaries, liquidity, listings, orders, or price formation.
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Base Currency is a market-structure term used in trading venues, intermediaries, liquidity, listings, orders, or price formation.
Blocked Funds are money that cannot be transferred to another country due to exchange controls imposed by a government.
The British Pound (GBP), also known as Pound Sterling, is the official currency of the United Kingdom. It is one of the oldest and most traded currencies in the world.
Foreign-exchange policy terms for currency convertibility, blocked funds, exchange restrictions, and IMF scarce-currency rules.
Convertibility refers to the ability of a country's currency to be freely exchanged for foreign currencies.
A cross rate is an exchange rate between two currencies, often derived through their rates against a third currency.
Portfolio pages for foreign portfolio investment, offshore structures, global equity exposure, and special listed portfolio products.
Currency is money issued or accepted for payment, pricing, settlement, reserves, and foreign exchange trading.
Currency conversion exchanges one currency for another using an applicable spot, card, bank, or market rate.
A currency pair quotes one currency's value in terms of another currency in the foreign exchange market.
Currency-regime terms for floating rates, managed floats, pegs, bands, crawling pegs, and multiple exchange-rate systems.
Currency Speculation involves trading in foreign exchange markets with the aim of profiting from short-term fluctuations in currency values.
A Currency Symbol is a graphical representation that denotes a specific currency.
Currency-union terms for optimal currency areas, single currencies, the eurozone, ERM, narrow-band ERM, and snake-in-the-tunnel arrangements.
Currency terms for appreciation, depreciation, devaluation, revaluation, misalignment, overvaluation, undervaluation, and realignment.
Deliverable forwards are a type of forward contract that involves the physical delivery of the underlying currency.
A direct quote expresses a foreign currency price in units of the domestic currency.
The euro is the official currency of the Eurozone, adopted by many European Union countries for ease of trade and economic stability.
Eurocurrency is currency deposited or borrowed outside the country that issues it.
The eurocurrency market is the offshore market for deposits and loans denominated in currencies outside their home jurisdictions.
Eurodollar Market is a market-structure term used in trading venues, intermediaries, liquidity, listings, orders, or price formation.
The eurozone is the group of European Union countries that share the euro and monetary policy through the ECB.
Economics pages on currency intervention, exchange-rate manipulation, sterilization, managed currencies, and foreign-exchange controls.
The exchange rate mechanism was a European currency arrangement that limited exchange-rate movements before monetary union.
Historical and structural pages on adjustable pegs, target zones, dirty floating, Bretton Woods, Smithsonian parities, the dollar standard, and the macroeconomic trilemma.
Economics and FX terms for exchange-rate measures, currency regimes, pegs, floats, devaluation, monetary standards, and capital controls.
Exchange restrictions are government limits on currency conversion, cross-border payments, capital flows, or foreign exchange transactions.
Exchange-rate terms for bilateral, nominal, real, effective, official, and foreign-exchange-rate measurement.
Foreign currency is money denominated in a currency other than the domestic, functional, or reporting currency.
Foreign Exchange, commonly referred to as FOREX or FX, involves the currencies of foreign countries as they are bought and sold in the foreign exchange market.
Foreign exchange instruments are the various tools and documents used in the processes of making payments across different countries.
Foreign portfolio investment is cross-border ownership of securities or financial assets without direct control of the issuer.
The Foreign Exchange Market, commonly referred to as FOREX or FX, is the decentralized global marketplace for the trading of currencies.
The FOREX market is a worldwide decentralized platform for determining the relative values of different national currencies through currency trading.
The Foreign Exchange Market, commonly referred to as Forex or FX, is a decentralized global marketplace where the world's currencies are traded.
Forward points are the rate adjustments added to or subtracted from a spot FX rate to derive a forward rate.
FX is the foreign exchange market for trading, pricing, hedging, and settling currency exposures.
Global equity exposure invests in stocks across multiple countries, broadening the opportunity set while adding currency and country risk.
An indirect quote in foreign exchange markets expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.
Interest rate differential is the gap between two currencies' interest rates, influencing forwards, carry trades, and hedging cost.
An ISO currency code is a three-letter standard identifier used to label currencies in markets, payments, and data systems.
Currency-system terms for fiat money, legal tender, national currency, hard and soft currencies, gold standards, dollarization, and petrodollars.
A monetary union is an arrangement in which countries share a currency, central bank, or closely coordinated monetary policy.
A narrow-band ERM is an exchange-rate mechanism that allows currencies to move only within tight bands around agreed central rates.
The Net Interest Rate Differential (NIRD) quantifies the discrepancy in interest rates between two distinct economic regions or countries.
An offshore portfolio investment strategy uses non-domestic accounts or entities for investing, often raising tax, legal, and disclosure considerations.
An optimal currency area is a region where sharing one currency is economically efficient because adjustment costs are manageable.
Optimized Portfolio as Listed Securities are exchange-listed instruments designed to provide efficient exposure to a target equity index.
Outward arbitrage is a foreign-exchange strategy that shifts funds to overseas money markets when covered returns are more attractive.
In forex trading, a pip is the standard small price increment used to quote exchange-rate movements and measure trade gains or losses.
A pip is a small standardized price increment used to measure movements in foreign exchange rates.
Quote currency is the second currency in a currency pair and shows the price of one unit of the base currency.
The scarce currency clause is an IMF rule concept addressing shortages of a currency needed for international payments.
A single currency is a shared monetary unit used across multiple jurisdictions, usually requiring common monetary governance.
Snake in the tunnel was a European exchange-rate arrangement that kept participating currencies within narrow bands.
Trading currency is the currency used to quote, trade, settle, or denominate a financial transaction or market.
Triangular arbitrage uses three currency trades when quoted exchange rates imply an inconsistent cross-rate after spreads and costs.
Index tracking the U.S. dollar against a basket of major foreign currencies.
Currency strategy seeking to exploit interest-rate differences without hedging exchange-rate risk.
United States Dollar Index (USDX) is a market-structure term used in trading venues, intermediaries, liquidity, listings, orders, or price formation.
The abbreviation 'USD' stands for the United States Dollar, the official currency of the United States and the world's primary reserve currency.
A xenocurrency is a currency deposited, traded, or used outside the country that issues it.
The yen is Japan's currency and a major foreign exchange reserve, funding, and trading currency.