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


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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Reader's Corner - The Bank Of Mauritius Act 2004 :- Section 42 Counterfeit currency notes. Section 44 Forgery.

The Bank of Mauritius Act of 2004 stipulates in Section 42 that any person who, without lawful authority or excuse has in his possession, any forged, counterfeited or altered currency note or any unfinished or incomplete currency note purporting to be issued by the Bank, knowing same to be forged, counterfeited or altered, shall...

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