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Mauritian Rupee - The Story

In the early 19th century, Britain captured Mauritius and changed the official unit of account to Pound Sterling but Spanish dollars were still popular as a prime medium of exchange.

 
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Reader's Corner:- Currency Quotes [PART TWO]

 Pips

The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point.

Bid/Ask Quotes...

 
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Reader's Corner:- Currency Quotes

To make a profit in forex trading, you must buy low and sell high, although not necessarily in that order. To know how much you are paying or what you are receiving from a currency transaction requires that you know how currencies are quoted. [PART ONE]

 
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