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Weak Dollar

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

Cross Rate

An exchange rate for any pair of currencies other than the official currency of the country where the quoted rate...

Points Spot Delta

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

Strong Quote Currency

A currency in which the ask price is less than 100 pips above the bid price. In this case, two...

Strong Dollar

A situation that arises when US dollar's value is appreciating relative to a specific foreign currency or a basket of...

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...

Pips Spot Delta

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

LOP

It stands for law of one price; the idea that the price of a commodity denominated in a specific currency...