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Average Exchange Rate

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

Average Rate

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

Currency Pair

The two currencies that are involved in a FOREX transaction: a base currency and a quote currency. The first currency...

Weak Dollar

A situation that arises when US dollar’s value is depreciating relative to a specific foreign currency or a basket of…

Chooser PRDC Note

A power reverse dual currency note (PRDC note) which grants the issuer the right to choose which of the note’s…

Callable PRDC Note

A power reverse dual currency note (PRDC note) that gives the issuer (a bank, for example) the right to call…

ECN Broker

A broker who provides retail traders with direct access to FOREX markets via an electronic communication network (ECN). That is,...

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...

Fear of Missing Out

Broadly, it describes a situation where people get under pressure of the mere notion of missing out on an opportunity....