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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.

Rate

This can also be referred to as the exchange rate. A vital concept in finance is the currency exchange rate, which refers to the price of one currency in terms of another co...

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INR

The currency symbol for the Indian Rupee is ₹, which is derived from the Devanagari letter "र" (ra). The Rupee is the official currency of India and is used by over 1.3 bill...

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Take Profit order

In the world of finance, a customer may give instructions to buy or sell a currency pair. This action, when carried out, will lead to a decrease in the size of the current p...

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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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