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2. Exchange rate - Wikipedia

   en.wikipedia.org/wiki/Exchange_rate

   The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.

3. Percentage in point - Wikipedia

   en.wikipedia.org/wiki/Percentage_in_point

   If the U.S. dollar is the base currency (the first of the pair), such as with the USD/EUR pair, the pip value involves the exchange rate. Pip Value=(size of a Pip)/(Exchange Rate)*(Lot Size) [6] For example, .0001 divided by a USD/CAD exchange rate of 1.3600 and then multiplied by a standard lot size of 100,000 results in a pip value of $7.35 ...

4. Currency - Wikipedia

   en.wikipedia.org/wiki/Currency

   An exchange rate is a price at which two currencies can be exchanged against each other. This is used for trade between the two currency zones. Exchange rates can be classified as either floating or fixed. In the former, day-to-day movements in exchange rates are determined by the market; in the latter, governments intervene in the market to ...

5. What banks exchange foreign currency? - AOL

   www.aol.com/finance/banks-exchange-foreign...

   Exchange rate: The basic conversion rate between currencies that changes daily based on global markets. Service fees : The flat or percentage-based charges for handling the exchange.

6. Currency pair - Wikipedia

   en.wikipedia.org/wiki/Currency_pair

   A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.

7. International use of the U.S. dollar - Wikipedia

   en.wikipedia.org/wiki/International_use_of_the_U...

   Belarus, on the other hand, pegged its currency, the Belarusian rubel, to a basket of foreign currencies (U.S. dollar, euro and Russian rouble) in 2009. [25] In 2011 this led to a currency crisis when the government became unable to honor its promise to convert Belarusian rubels to foreign currencies at a fixed exchange rate. BYR exchange rates ...