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Currency

Closing market rate

In the world of finance, we often come across the term "end of day close." This refers to the process of closing a position at the market price that is prevalent at the end of the trading day. This is a crucial aspect to consider when making investment decisions, as it can have a significant impact on the overall performance of your portfolio. Let's dive deeper into this concept and understand its importance in the world of finance.

Fill

When a customer wishes to trade currencies, they place an order which is then executed by a broker through the foreign exchange market. This process, known as order fulfillm...

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EUR

The Euro, which is the official currency of the Eurozone, is denoted by the symbol €. This currency symbol is derived from the Greek letter epsilon (ε) with two parallel hor...

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Back office

The financial hub, also known as the department responsible for overseeing the processing of monetary transactions, is a crucial component of any organization. It is the cen...

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Closing market rate

In the world of finance, we often come across the term "end of day close." This refers to the process of closing a position at the market price that is prevalent at the end ...

More