Commodity Pairs.

A commodity pair is a currency pair where one of the currencies is a commodity-based currency. The most common commodity pairs are the US Dollar and the Canadian Dollar (USD/CAD), the Euro and the Swiss Franc (EUR/CHF), and the Australian Dollar and the New Zealand Dollar (AUD/NZD). Commodity pairs tend to be more volatile than … Read more

USD Definition.

The USD definition is a set of rules which govern how the US Dollar is traded on the foreign exchange market. These rules are designed to protect the value of the dollar and to ensure that it is traded fairly. The USD definition is also known as the US Dollar Index, or the DXY. What … Read more

Authorized Forex Dealer Definition.

An authorized forex dealer is a financial institution that is allowed to deal in foreign currencies. Authorized dealers are typically banks or other large financial institutions. They are authorized by a country’s central bank to buy and sell foreign currencies. The term “authorized forex dealer” is important because it ensures that the dealer is regulated … Read more

About the Singapore Dollar (SGD).

The Singapore dollar (SGD) is the currency of Singapore. It is divided into 100 cents and is normally referred to as the “Sing dollar” or simply “dollar” in English. The Singapore dollar is officially recognised as a legal tender in Brunei, but is not accepted in other countries. The SGD is a currency that is … Read more

What Is the North Korean Won (KPW)?

The North Korean Won is the official currency of North Korea. It is divided into 100 chon and is often abbreviated as KPW. The North Korean Won is not traded on international currency markets, but is instead pegged to the Chinese Yuan at a rate of 1 KPW to 0.72 CNY. Which currency is fully … Read more

Bahraini Dinar (BHD).

The Bahraini Dinar is the official currency of Bahrain. It is divided into 1000 fils. The symbol for the Bahraini Dinar is .ب.د. The Bahraini Dinar is pegged to the US Dollar. Can I use US dollars in Bahrain? Yes, you can use US dollars in Bahrain. There are a few things to keep in … Read more

SIT (Slovenian Tolar) Definition.

The Slovenian Tolar (SIT) was the official currency of Slovenia from 1991 until 2007, when it was replaced by the Euro. The Tolar was subdivided into 100 subunits, called stotinov. The symbol for the Tolar was “SIT”, and the ISO 4217 code was “SIT”. How do I buy bitcoins in Slovenia? In Slovenia, you can … Read more