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Counter Currency
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called the counter currency, quote currency, or currency and the currency that is quoted in relation is called the base currency or transaction currency. Currency pairs are generally written by concatenating the ISO currency codes (ISO 4217) of the base currency and the counter currency, and then separating the two codes with a slash. Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation ''EUR/USD 1.2500'' means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars. The most traded currency pairs in the world are ...
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Currency Pair Example
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article uses ...
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Exchange (organized Market)
An exchange, bourse (), trading exchange or trading venue is an organized market (economics), market where (especially) tradable securities, commodity, commodities, foreign exchange market, foreign exchange, futures contract, futures, and option (finance), options contracts are bought and sold. History 12th century: Brokers on the Grand Bridge, France In the twelfth century, foreign exchange dealers in France were responsible for controlling and regulating the debts of agricultural communities on behalf of banks. These were actually the first brokers. They met on the Grand Bridge in Paris, the current Pont au Change. It takes its name from the forex brokers. 13th century: ''Huis ter Beurze'', Belgium The term ''bourse'' is related to the 13th-century inn named "''Bourse at Bruges, Huis ter Beurze''" owned by family in Bruges, Belgium, where traders and foreign merchants from across Europe, especially the Italian Republics of Republic of Genoa, Genoa, Republic of Florence, Fl ...
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Bureau De Change
A bureau de change (plural bureaux de change, both ; British English) or currency exchange (Comparison of American and British English, American English) is a business where people can exchange one currency for another. Nomenclature Originally French language, French, the term () is widely used throughout Europe and French-speaking Canada, where it is common to find a sign saying "exchange" or "change". Since the adoption of the euro, many exchange offices have started incorporating its logotype prominently on their signage. In the United States and English-speaking Canada the business is described as "currency exchange" and sometimes "money exchange", sometimes with various additions such as "foreign", "desk", "office", "counter", "service", etc.; for example, "foreign currency exchange office". Location A bureau de change is often located at a bank, at a travel agent, airport, main railway station, large supermarket branches, and anywhere else where there is likely to be a ...
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Market Maker
A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a tradable asset held in inventory, hoping to make a profit on the difference, which is called the ''bid–ask spread'' or ''turn.'' This stabilizes the market, reducing price variation (Volatility (finance), volatility) by setting a trading price range for the asset. In U.S. markets, the U.S. Securities and Exchange Commission defines a "market maker" as a firm that stands ready to buy and sell stock on a regular and continuous basis at a publicly quoted price. A Designated Primary Market Maker (DPM) is a specialized market maker approved by an exchange to guarantee a buy or sell position in a particular assigned security, option, or option index. In currency exchange Most foreign exchange trading firms are market makers, as are many banks. The foreign exchange market maker both buys foreign currency from clients and sells it to other clients. They derive income from the ...
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Spot Price
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date. Spot prices and future price expectations Depending on the item being traded, spot prices can indicate market expectations of future price movements in different ways. For a security or non-perishable commodity (e.g. silver), the spot price reflects market expectations of future price movements. In theory, the difference in spot and forward prices should be equal to the finance charges, plus any earnings due to the holder of the security, according to the cost of carry model. For example, on ...
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Volatility (finance)
In finance, volatility (usually denoted by "sigma, σ") is the Variability (statistics), degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns. Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derived from the market price of a market-traded derivative (in particular, an option). Volatility terminology Volatility as described here refers to the actual volatility, more specifically: * actual current volatility of a financial instrument for a specified period (for example 30 days or 90 days), based on historical prices over the specified period with the last observation the most recent price. * actual historical volatility which refers to the volatility of a financial instrument over a specified period but with the last observation on a date in the past **near synonymous is realized volatility, the square root of the realized variance, in turn c ...
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Betty Grable
Elizabeth Ruth Grable (December 18, 1916 – July 2, 1973) was an American actress, pin-up girl, dancer, model, and singer. Her 42 films during the 1930s and 1940s grossed more than $100 million, and for 10 consecutive years (1942–1951) she placed among the Quigley Poll's top 10 box office stars (a feat only matched by Doris Day, Julia Roberts and Barbra Streisand, although all were surpassed by Mary Pickford, with 13 years). The U.S. Treasury Department listed her as the highest-salaried American woman in 1946 and 1947, and she earned more than $3 million during her career. Grable began her film career in 1929 at age 12 and was later fired from a contract for having signed with a false identification. She studied acting with Neely Dickson at the Hollywood Community Theater. She had contracts with RKO and Paramount Pictures during the 1930s and appeared in a string of B movies, mostly portraying college students. She came to prominence in the Broadway musical '' Du Barry Wa ...
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Rhyming Slang
Rhyming slang is a form of slang word construction in the English language. It is especially prevalent among Cockneys in England, and was first used in the early 19th century in the East End of London; hence its alternative name, Cockney rhyming slang. In the US, especially the criminal underworld of the West Coast of the United States, West Coast between 1880 and 1920, rhyming slang has sometimes been known as Australian slang. The construction of rhyming slang involves replacing a common word with a phrase of two or more words, the last of which rhymes with the original word; then, in almost all cases, omitting, from the end of the phrase, the secondary rhyming word (which is thereafter implied), Bryson, a humourist, states that there is a special name given to this omission: "the word that rhymes is almost always dropped... There's a technical term for this process as well: hemiteleia". Given that this is a genus of plant species, and appears in no readily available sources a ...
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The Flintstones
''The Flintstones'' is an American animated sitcom produced by Hanna-Barbera, Hanna-Barbera Productions, which takes place in a romanticized Stone Age setting and follows the titular family, the Flintstones, and their next-door neighbors, the Rubbles. It was originally broadcast on American Broadcasting Company, ABC from September 30, 1960, to April 1, 1966, and was the first animated series with a prime time#Prime time in the context of U.S. radio/TV-revenues, prime-time slot on television. The show follows the lives of Fred and Wilma Flintstone and their pet dinosaur, Dino, a Sabre Tooth Tiger-Cat named Baby Puss, and they later on have a baby girl named Pebbles. Barney and Betty Rubble are their neighbors and best friends, and later on adopt a super-strong baby boy named Bamm-Bamm and acquire a pet hopparoo (kangaroo) called Hoppy. Producers William Hanna and Joseph Barbera, who had earned seven Academy Awards for ''Tom and Jerry'', and their staff faced a challenge in devel ...
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Atlantic Ocean
The Atlantic Ocean is the second largest of the world's five borders of the oceans, oceanic divisions, with an area of about . It covers approximately 17% of Earth#Surface, Earth's surface and about 24% of its water surface area. During the Age of Discovery, it was known for separating the New World of the Americas (North America and South America) from the Old World of Afro-Eurasia (Africa, Asia, and Europe). Through its separation of Afro-Eurasia from the Americas, the Atlantic Ocean has played a central role in the development of human society, globalization, and the histories of many nations. While the Norse colonization of North America, Norse were the first known humans to cross the Atlantic, it was the expedition of Christopher Columbus in 1492 that proved to be the most consequential. Columbus's expedition ushered in an Age of Discovery, age of exploration and colonization of the Americas by European powers, most notably Portuguese Empire, Portugal, Spanish Empire, Sp ...
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