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Period Average Exchange Rate

An exchange rate that is calculated as a simple or weighted average of either current (spot) or historical exchange rate...

Points Forward Delta

The ratio of the change in the future value (FV) of an option to the change in a forward contract...

Pips Forward Delta

The ratio of the change in the future value (FV) of an option to the change in a forward contract...

Points Spot Delta

The ratio of the change in present value of an option with respect to the change in spot, where both...

Points

Another term for pips; digits that are added to or subtracted from the fourth decimal place in a currency rate...

Percentage Spot Delta

The ratio of the percentage change in present value of an option with respect to the percentage change in spot,...

Pips

Digits that are added to or subtracted from the fourth decimal place in a currency rate quote. For example, in...

Power Reverse Dual Currency Note

A long-dated FX product that aims to enhance yield for yen investors (those with yen-denominated investments). The note is based...

Pips Spot Delta

The ratio of the change in present value of an option with respect to the change in spot, where both...

PRDC Note

It stands for power reverse dual currency note; a long-dated FX product that aims to enhance yield for yen investors...