For currency pairs where the U.S. dollar is
the quote currency, calculating profit or loss is pretty simple really.
A base currency (the currency to the left in a currency pair quote; the other is called
the quote currency) tends to act the same.
So, Dr Hassan Ayariga as serious as he is, there is no way he will quote a foreign currency knowing very well in Ghana we don't [spend] foreign currency but in Ghana we [spend] cedis, so everything he said it was in cedis but because he has lived outside for a very long time, sometimes he mistakenly
quotes their currencies and because he also has businesses outside Ghana, sometimes he might mistakenly quote some of their currencies but he wanted to say cedis,» Mr Poku emphasised.
Well, in the Forex market when you sell a currency pair you are actually buying
the quote currency (the second currency in the pair) and selling the base currency (the first currency in the pair).
For currency pairs where the U.S. dollar is
the quote currency, calculating profit or loss is pretty simple really.
If your Account Currency is different from
the quote currency of the Currency Pair you intend to trade, you will need to give one more input as prompted by the calculator.
For e.g. USD is
the quote currency of EUR / USD.)
(
The quote currency is the one after the slash.
The base and
quoted currency labels are used for the first and second currency in a currency pair.
The basic point of Forex trading is to buy a currency pair if you think its base currency will appreciate (increase in value) relative to
the quote currency.
What is
Quote Currency and Why You Need To Know?
Learn how to read
quote currency and its many functions in determining changes in the forex trading market.
For example, in GBP / USD, the British Pound is known as the base currency and the USD is called
the quote currency.
On the other hand, the ask price is the value at which your broker will sell the base currency in exchange for
the quote currency.
On the other hand, if you sell the base currency and buy
the quote currency, where you expect the base currency to fall in value which you can buy back at a lower price, you are said to take a «short» position.
The second one calls
the quote currency.
Pepperstone
quotes currency pairs by «5, 3 and 2» decimal places — these are known as fractional pips or pipettes.
Payment is accepted in
the quoted currency (Euro) unless the currency and the amount is specifically agreed in advance with the owner.
Fees are charged on a per - trade basis, and calculated as a percentage of the trade's
quoted currency volume.
Cobinhood also decided that Tether (USDT) as
a quote currency will only be made available for sixteen base currencies (BRD, BDG, BOT, BTC, COB, CMT, CGC, DXT, ENJ, ETH, LALA, LTC, LYM, MCO, Qtum, and UTNP) starting April 20.
With ether as
the quote currency, Lumen rose more than 5 %.
The coin is mainly traded on Bittrex and Upbit with bitcoin as
the quote currency.
Ripple's trade volumes rose to nearly $ 4.3 billion on Saturday, with the South Korean won serving as the main
quote currency.
Not exact matches
In previous media interviews, Gates has been
quoted saying that Bitcoin is «better than
currency,» and that it «is exciting because it shows how cheap (transactions) can be.»
Listen to this
quote from Ann Florini, Senior Fellow, The Brookings Institution and ask yourself if it applies to your organization: «NGOs are a bunch of people whose
currency of power is information and the ability to make arguments and persuade people to change how things are done... to have that kind of power you have to have access to information.»
«The wild fluctuations of the digital
currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these
currencies highly unreliable and risky,» the central bank was
quoted as saying in a Farsi report by the Iran newspaper's website.
We're quite aware of the
quote of John Maynard Keynes that «the market can stay illogical longer than the investor can remain solvent» — which as an historical aside, was in reference to his experience trading foreign
currencies on margin.
(iii) The trade resulted from an erroneous
quote in the primary market for the underlying
currency pair that has a width of at least $ 10.00 or that width is at least three times greater than the average
quote width for such underlying security during the time period encompassing five minutes before and after the dissemination of such
quote.
Instead citizens may one day prefer virtual
currencies and that's the end of the
quote.
This ensures the credibility of the provider concerning
quotes» correctness of assets and
currencies.
Using one - month forward
quotes on the last trading day of each month and spot
quotes on the last day of the next month for all G - 10
currencies during December 1984 through June 2014 (354 months), they find that: Keep Reading
In 1995, I was interviewed by «Business Week» for the cover story The Future of Money in which I was infamously
quoted - «Anonymous digital
currency is a threat to every government on the planet that wants to manage its
currency.»
I should take a
quote from «Equities Market Outlook in 2017» issued by Afrinvest reported in the media under the headline «Multiple Exchange Rates Stall Foreign Inflow into Nigerian Equities» in January 2017, «Our interactions with several foreign investors with interests in Nigeria suggest that a decision to stake any position in the Nigerian market will be a function of
currency liquidity and a greater certainty on their ability to repatriate capital anytime they divest.
The prices displayed on this Website are
quoted in U.S.
currency and as such are valid only in the United States.
«UK tours also benefit from more accurately
quoted tours, as they avoid both flight costs and volatile
currency exchange rates which are at times difficult to predict during the early planning stages.
The
currency which is
quoted first is called the base
currency.
Regarding
currency hedging, I also noticed they created today the «Claymore US Fundamental ETF (non-hedged)» http://claymoreinvestments.ca/etf/fund/clu.c And, I'm not making this up, I
quote: «The Claymore US Fundamental Index ETF (non-hedged) will hedge its exposure to US
currency to eliminate foreign
currency return risk for Canadian investors.»
With Portfolio Slicer there are no limits - if you will enter last 20 years of your investment transactions and create
quotes and
currency exchange rate files for 20 years, than you can have full picture of your investments for over last 20 years!
So make sure you don't wrongly reject funds just because of the
currency they are
quoted in.
These
currencies are
quoted in pairs, such as the widely traded pair EUR / USD that is the Euro and the US Dollar.
Browse through the
quotes of any
currency pair from one minute to one month in the History Center
With up to the minute real time
quotes and data that the internet is able to provide, you're able to make timely decisions regarding foreign
currency markets.
In defense of Mr. Goey (if his
quote is accurate), is that he states that you would lose on the «conversion of the
currency.
Check, analyze and investigate
currency trading
quotes via live feeds, make up to the minute investment decisions.
Quote conversion, together with
currency conversions make a perfect tool in
currency trading for ones own benefit if studied sincerely.
In the
quote, the Forex bid price appears to the left of the
currency quote.
The main exceptions for this are the EUR, GBP and the AUD
currencies, which appear before the USD in a
quote.
Spot
currency trading, on the other hand, is decentralized, which means
quotes can vary from different
currency dealers.
In the forex market,
currencies are always
quoted in pairs.
You really need to ignore the domicile / listing of a company, the
currency of its stock
quote, the
currency of its balance sheet etc. — all of which might be different & irrelevant!