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Forex Terms
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PA PE PI PO PR PU
PAR
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1. Par The official value of a currency.
2. Par Spread The term used to describe the situation where the bid and ask prices for a forward spread rate are identical.
3. Paris Nickname for the US Dollar-French Franc currency pair before the French Franc was converted to the Euro.
4. Parity See Purchasing Power Parity.
5. Partial Lot Some brokerages allow trading in partial lots, which are fractions of 100,000 units that normally make up a full lot.

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