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Forex question What is Rate?
avatar Catkathy
Question by: Joseph - 01 Sep 2016, 08:47:34
What is Rate?
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Answers (1)
avatar user 10629
Answer by: Samanthar - 01 Sep 2016, 09:11:32

Rate can mean several things depending on the type of asset. For currency pairs: the value of one unit of the base currency expressed in the quote currency. For CFDs: the unit cost of the underlying asset in the contract.

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