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Currency Swap

A popular type of swap which involves exchanging principal and interest payments in one currency for principal and payments in...

Managed Float

A regime of floating exchange rates in which central banks intervene to control currency fluctuations, so that the exchange rate...

Scrip

A privately issued certificate, receipt, or note such as an IOU note or credit voucher that allows its holder to...

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...

Swap

The simultaneous purchase and sale of an identical amount of one currency (base currency) for another (foreign currency) with two...

Tequila Effect

The financial and economic negative effect on South American equity markets and currencies that was triggered by the Mexican peso...

Tequila Crisis

A financial crisis, widely known as the Mexican peso crisis, that was originated in Mexico over the span of the...

Bit Gold

A proposed form of a decentralized digital currency that was presented by blockchain pioneer Nick Szabo in 1998. Though it...

Base Currency

The first currency in a currency pair. It is the basis for the buy or the sell: if an investor...