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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.

Exchange Rate

Understanding exchange rates is crucial in the world of finance. It refers to the value of one currency in terms of another, determining the cost for exchanging them. As an...

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Cable

The exchange rate between the British pound and the US dollar, commonly referred to as GBP/USD, is a crucial financial indicator in the world of finance. It represents the va...

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Bretton Woods

In 1944, a historic conference took place, paving the way for the post-war foreign exchange system that would remain intact for decades. This conference resulted in the esta...

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Flat

A trading book with no market exposure is commonly known as a "zero book" in the world of finance. This term refers to a book of financial instruments that have no current m...

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