What is Malaysia Ringgits in Forex Trading?
It is an official currency of Malaysia with currency code MYR and symbol RM. It is subdivided into 100 sen. The Central Bank of Malaysia is an issuing authority of currency. Before introduction of Malaysia Ringgits, the Malaysia dollar was an official currency of Malaysia. In 1967, Malaysia dollar was issued by the Central Bank […]
What is Malawi Kwachas in Forex Trading?
The Malawi kwachas is an official currency of Malawi since 1971 with currency code MWK and symbol K. it is subdivided into 100 tambala. The currencies like the South African rand, UK pound sterling, the Rhodesian dollar and Malawian pound had earlier circulated through the Malawian economy. In 1971 the kwachas was introduced as an […]
What is Madagascar Ariary in Forex Trading?
The ariary is an official currency of Madagascar with currency code MGA and symbol Ar. It is subdivided into 5 iraimbilanja. The name ariary and iraimbilanja are derived from pre-colonial currency, iraimbilanja from name of an old coin and ariary from a silver dollar. Madagascar ariary was introduced as national currency in 1961. The Malagasy […]
What is Macedonia Denars in Forex Trading?
The Macedonia denar is an official currency of North Macedonia with currency code MKD and symbol den / ден. On 8th September 1991, Macedonia was declared as independent state. At that time it was using currency of Yugoslav dinar. After independence, undisclosed groundwork was started to announce its own official currency. In April 1992, Macedonia […]
What is MACD in Forex Trading?
MACD, short for moving average convergence/divergence is a technical indicator used to reveal changes in stock prices, strength, momentum, direction and duration of trend. It was developed by Gerald Appel in 1970. It shows relationship between two moving averages of stock price. It is calculated by deducting the 26 period exponential moving average from 12 […]
What is Macau Pataca in Forex Trading?
The Macanese pataca or Macau pataca is an official currency of Macau. The currency is subdivided into 100 avos, having currency code MOP and symbol MOP$. In 1894, the pataca was introduced in Portuguese Timor and Portuguese Macau only as a unit of account. In the end of 19th century, the Mexican dollar, Hong Kong […]