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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.

Yard

In the world of finance, there exists a term that refers to one billion units of currency - "B". This slang word is commonly used in the currency industry, and is derived fr...

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Interest rate Carry

Foreign exchange positions are subject to overnight funding costs, which are based on the difference in interest rates between the currency pairs involved. This is known as ...

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Foreign exchange risk

Foreign exchange risk refers to the possibility of an investor's position in a foreign currency losing value due to fluctuations in the exchange rate. This can occur when th...

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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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