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
A denomination is a unit of value for a currency, typically used for banking and trade. Denominations of currency are usually referred to as units, with a one-unit note being the most common. The ISO 4217 currency codes page lists the various units of currency used around the world. What is meant by denomination intermediation? … Read more
The Swedish Krona is the official currency of Sweden. The SEK is also the currency used by the Swedish Riksbank, the country’s central bank. The Swedish Krona was first introduced in 1873, when Sweden switched from the silver standard to the gold standard. The name “krona” means “crown” in Swedish, and is derived from the … Read more
The Macanese pataca is the official currency of Macau. It is subdivided into 100 avos, with 10 avos called ho in Cantonese. The abbreviation MOP$ is commonly used. The pataca was introduced in 1894, when Macau was a Portuguese colony. It replaced the silver dollar at a rate of 1 pataca = 5$1. The first … Read more
Translation risk is the risk that a company will incur losses due to fluctuations in exchange rates. This type of risk is typically associated with companies that operate in multiple countries and have to deal with foreign currency. Translation risk can also apply to companies that invest in foreign companies or have loans denominated in … Read more
A mini Forex account is a type of account that is used by beginner traders in the Forex market. This account allows the trader to trade in smaller lot sizes, which means that the trader can trade in a smaller amount of money. This account also allows the trader to trade in a demo account … Read more
ILS is an abbreviation for Israeli Shekel. The Israeli Shekel is the official currency of Israel. One Israeli Shekel is divided into one hundred agorot. Can forex be a full time job? Yes, forex can be a full time job if you are willing to commit the time and effort required to be successful at … Read more
A currency forward is a type of derivative contract that allows two parties to agree to exchange two different currencies at a future date, at a specified rate. The rate is agreed upon at the time the contract is signed, and the exchange takes place on the date specified in the contract. Currency forwards are … Read more
A weak currency is one that is losing value against other currencies. A currency may be considered weak for a variety of reasons, including high inflation, low interest rates, and poor economic prospects.Weak currencies can be a major problem for a country because they can lead to inflation and a loss of purchasing power. They … Read more
An indirect quote in forex is one where the domestic currency is quoted in terms of a foreign currency. For example, if an indirect quote for EUR/USD is 1.20, that means that one euro is worth 1.20 US dollars. Why do foreign exchange rates increase? The foreign exchange rate is the price of one currency … Read more
