Sun
10
Jan
In the Forex market, prices are quoted in pips. Pip stands for “percentage in point†and is the fourth decimal point, which is 1/100th of 1%.
In EUR/USD, a 3 pip spread is quoted as 1.2500/1.2503
Among the major currencies, the only exception to that rule is the Japanese yen. In USD/JPY, the quotation is only taken out to two decimal points (i.e. to 1/100 th of yen, as opposed to 1/1000th with other major currencies).
In USD/JPY, a 3 pip spread is quoted as 114.05/114.08
The smallest price increment in a currency, so instead of a point like in stocks, in the forex market it is called a pip.
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Sunday, January 10th, 2010 at 8:33 pm
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March 23rd, 2010 at 11:05 am
I’ve seen a lot of stuff about investing in ebooks and blog posts and the majority of it seems conflicting. It’s so tricky to find reliable information that’s based on actual facts and not simply the next guy’s opinion.