Pips and Figures
The following example demonstrates what pips and figures are:
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Saturday, April 25, 2009
Quoted and Basic Currencies
he spot exchange rate is the price of one currency in terms of another. In the example above,120.44 – 120.52 USD/JPY, USD is the basic currency and JPY is the quoted currency. This is not the case in our second example, 1.3600 – 1.3610 GBP/USD, where USD is the quoted currency because it is second in the GBP/USD expression.
Pips and Figures
The following example demonstrates what pips and figures are:
Pips and Figures
The following example demonstrates what pips and figures are:
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