Username: Andrew Rating: Asked to: Jacob Rogers Date Created: 25 Apr 2017 |
|
Category | 17 |
Tag | Financial |
Question | Please give the definition of 'Exotic Currency'. |
Hi Andrew, A foreign exchange term for a thinly traded currency. Exotic currencies are illiquid, lack market depth and trade at low volumes. Trading an exotic currency can be expensive, as the bid-ask spread is usually large. Exotics are not considered major currencies because they are not easily traded in a standard brokerage account. Major currencies include the U.S. dollar, Euro, Canadian dollar and Swiss franc. Examples of exotic currencies include the Thai baht, Uruguay peso or Iraqi dinari. |
Hi PrettyWoman, The job market is the market in which employers search for
Read moreHello Fluffy, A harami cross is a Japanese candlestick pattern that consists
Read moreHi Maria, A caplet is a kind of call option based on interest rates. The
Read moreHello ForexGuy, A false market occurs when prices are manipulated and impacted
Read moreHello LuckyWoman, The yearly probability of living is determined by consulting
Read moreHello LuckyMan, The current ratio is a liquidity ratio that measures a
Read moreHello Maria, Financial risk is the possibility that shareholders or other
Read moreHello LuckyMan, LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate
Read moreHello Peter, One of Spain's four major securities exchanges. Established
Read moreHello Fluffy, A lease is a legal document outlining the terms under which one
Read moreHi PrettyWoman, The job market is the market in which employers search for
Read moreHello Fluffy, A harami cross is a Japanese candlestick pattern that consists
Read moreHi Maria, A caplet is a kind of call option based on interest rates. The
Read moreHello ForexGuy, A false market occurs when prices are manipulated and impacted
Read moreHello LuckyWoman, The yearly probability of living is determined by consulting
Read more