Sentences with phrase «basis point increase multiplied»
If you go long one contract today, and at the end of the day the euro has appreciated by 4 basis points, you would have a gain of $ 50 — the 4 basis point increase multiplied by $ 0.0001 multiplied by 125,000 euros.
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This is a double devaluation because the base number of points for a standard room increased as did the multiplier.