Exchange Rate
The price of one currency expressed in terms of another currency.
The 10 fields and concepts you'll meet in the response — defined in plain English, each with a real example value.
The price of one currency expressed in terms of another currency.
The first currency in a currency pair, representing one unit (e.g., EUR in EUR/USD).
The second currency in a pair, showing how much of it equals one unit of the base currency.
Point in percentage - the smallest price movement in a currency pair, typically 0.0001.
The difference between the buy price (ask) and sell price (bid) for a currency.
Exchange rate determined by market supply and demand rather than government intervention.
Exchange rate fixed by government to another currency, typically the US Dollar.
Strategy of borrowing in a low-interest currency to invest in a higher-interest currency.
Currencies that tend to strengthen during market uncertainty (USD, JPY, CHF).
Dynamic Currency Conversion - merchant offer to charge in your home currency (usually unfavorable rates).