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Searching... Forex Terms
Found in dictionaries: 11
  • Forex Terms - 11
Search query: EUR/USD
Found: 11
1. Big Figure
The first two or three digits of a foreign exchange price or rate. Examples: USD/JPY rate of 108.05/10 the big figure is 108. EUR/USD price of .8325/28 the big figure is .83 See also:…
2. Bid/Ask Spread
The point difference between the bid and offer (ask) price. The spread is what Forex brokers use to make money on every Forex trade placed through their network. Example: Currency…
3. Base Currency
In terms of foreign exchange trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. The base currency is the currency against which…
4. Currency Pair
The two currencies in a foreign exchange transaction. The “EUR/USD” is an example of a currency pair. See also: Currency
5. Pip
The smallest upward or downward price movements quoted in forex. In EUR/USD, a movement of 0.0001 is one pip (for example, from 140.005 to 140.004 euro). In USD/JPY, a movement of 0.01 is…
6. Quote Currency
The second currency of two in a currency pair. For the EUR/USD, USD is the quote currency. The exchange rate quoted is how many units of the second currency you will receive for one unit of…
7. Reciprocal Currency
A currency pair involving the US Dollar in which the US Dollar is not the first currency quoted. An example is the euro which is the base currency when paired with the US dollar. EUR/USD is…
8. Stable Market
A market that can accommodate huge volumes of buying and selling without large moves. For example, the trading of the EUR/USD pair.
9. ISO 4217
ISO 4217 is the international standard describing three-letter codes (also known as the currency code) to define the names of currencies established by the International Organization for…
10. Unit
A widely used quantity of currency. In FXTrade, one unit of USD is equal to one United States dollar, while one unit of EUR is one euro. For JPY, one unit is equivalent to one yen. One unit…
11. XAU
XAU is the ISO 4217 currency code for gold, denoting one troy ounce of gold. Also an index of gold mining shares (stocks). By popular demand, here are live gold bullion prices in eleven…

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