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Tag Archives: currency

Currency spot rate

Spot rate is a type of exchange rate at which different types of currency pair are traded at the Forex market.There are some similarities between the spot rates and forward rates,but there are some differences also.   As we know that spot rates  prices the value of currencies to other foreign currencies. Spot rate is also used by the online Forex traders during their …

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What is Currency Band

Currency band is a very unique and effective type of exchange system used by some countries.In this type of currency exchange system country sets a range  for it currency.The currency of the country moves between this range.When currency moves out of this range,then central bank has to intervene to stabilize the exchange rate.In other words it is a mixture of …

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