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Currency

Euro

The European Union, consisting of 27 countries, has a common currency known as the Euro. Among these, 14 countries have adopted the Euro as their national currency. These include Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Slovenia, the Netherlands, Portugal, and Spain. This single currency has been in circulation since 2002 and is one of the most widely used currencies in the world. Its adoption has greatly simplified trade and financial transactions among these countries, promoting economic integration and growth.

Value date

The date on which the currency for settlement reaches its maturity is known as the maturity date. This typically takes place two business days after the trade has been execu...

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Risk management

Financial analysis is the process of evaluating financial data to make informed decisions about investments and business operations. It involves studying financial statement...

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Federal Reserve System (Fed)

Let's discuss the Federal Reserve, an autonomous financial establishment that functions as the US's central bank. This institution was established on December 23, 1913, with...

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PIPS

Currency prices are subject to small fluctuations, which are measured in PIPS or percentage in point. PIPS represent the fourth decimal point of a price, typically equivalen...

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