What is Cyprus pound in Forex Trading?
The Cyprus pound was replaced by the euro as official currency of the Republic of Cyprus on 1 January 2008 at the irrevocable fixed exchange rate of CYP 0.585274 = €1. However, pound banknotes and coins continued to have legal tender status and were accepted for cash payments until 31 January 2008.
What is Current Account Balance in Forex Trading?
The Current Account Balance (CAB) is one of the most important type of functions related to a country’s Balance of Payments. The capital account and the financial account are other two important kinds of functions related to services going in and out country and international flows of capital. Importance: The Current Account Balance is a […]
What is Current Account report-New Zealand in Forex Trading?
Current Account report is scheduled to release at 1:30 (GMT) every quarter. Afterwards three previous quarter released three months later. Source of Report : Statistics New Zealand Web Address : http://www.stats.govt.nz/default.htm Address of Release : http://www.stats.govt.nz/products-and-services/info-releases/crown-acct-analysis-info-releases.htm
What is Current Account report – Japan in Forex Trading?
Current Account report is scheduled to release at 23:50 (GMT) monthly in the 2nd week after the reported month. Revisions schedule : Frequent revisions are made in subsequent quarterly and yearly Balance of Payments reports Source of report : Japanese Ministry of Finance Web Address : http://www.mof.go.jp/english/index.htm Address of release : http://www.mof.go.jp/bpoffice/e1c004.htm]
What is Current Account report in Forex Trading?
Current Account report is scheduled to release at 1:30 (GMT) every quarter. Afterwards three previous quarter released three months later Revisions schedule : Frequent revisions in the report are made on various basis when various kinds of accurate data is available for reporting. This report shows data for last six quarters. It should be kept […]
What is Currency pegging in Forex Trading?
Currency pegging is a kind of fixed exchange rate which pursues a exchange rate policy which is only permitted to fluctuate inside a narrow range (usually between -1% to +1%) against the value of another currency. Currency pegging is usually utilized by countries who want to stabilize their worldwide currency operations. Countries can easily manage […]