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Currency

LIBOR (London Interbank Offered Rate)

Let us delve into the concept of the average weighted interest rate on interbank loans, a crucial aspect of the finance world. This rate is determined by the participating banks in the London interbank market, who offer funds in various currencies and time periods ranging from one day to one year. Since 1985, the British Banking Association has been diligently recording these rates for reference.

Bundesbank

The Central Bank of Germany, also known as the Bundesbank, functions as the country's central monetary authority. It is responsible for implementing and maintaining monetary...

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Base Currency

In the realm of finance, we often come across the term "base currency" when discussing currency pairs. In simple terms, the base currency is the first currency listed in a p...

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Buy Limit order

A limit order is a directive to carry out a financial transaction at a predetermined price or lower. This differs from a market order, where the transaction is executed imme...

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IMM

is a division of the Chicago Mercantile Exchange (CME) which specializes in trading financial futures and options contracts. The IMM, a branch of the CME, is a renowned plat...

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