USDT (Tether) is a cryptocurrency that aims to maintain a 1:1 exchange rate with the US dollar, created and first issued in 2014. Unlike some other stablecoins, USDT is a fiat-backed stablecoin, meaning that it
USDC is a stablecoin created by Coinbase and Circle. Also called USD Coin, it attempts to maintain a constant value relative to the US dollar, though it has occasionally suffered from de-pegging. USDC operates as an ERC-20 token, meaning it runs on the Ethereum blockchain. After being ma...
Imagine you’re planning a trip to Europe from Hong Kong and you need to spend Euros while you’re there. Let’s say the exchange rate at the time made 1 HKD worth 0.12 EUR. This means that for every Hong Kong dollar you exchange, you’ll receive 0.12 euros in return. If the excha...
Let’s say the dealer sets a bid price for 1,000 euros at $1.05 per euro. The dealer then sets an ask price of $1.07 per euro. Assuming the dealer is able to buy and sell the euros at the bid and ask prices, the profit is the bid-ask spread – in this case, $0.02 per euro...
Money that maintains its purchasing power over time is a store of value. If you hold a precious metal, for example, you can be fairly certain that it will be worth something in the future, so it functions as a store of value. The same goes for dollars, euros, pesos, or renminbi....
Dollar terms are the exchange rates of currencies when presented in dollars. For instance, a unit of foreign currency will be...
✓ What is the current gold price? ✓Discover the current gold price, historical developments, and prices of 18, 22, and 24 karat gold at GoldRepublic.✓ Value of gold per gram or troy ounce in EUR/USD
Suppose €66 is remaining after the trip. The change from euros to dollars will be $67.32 if the exchange rate has dropped to 1.02: €66 × 1.02 = $67.32 The Japanese yen is calculated differently. The dollar is placed in front of the yen in this case, as in USD/JPY. The equation...
standard lot size in retail forex is 100,000 currency units. This is a big deal, because the amount of money that moves each pip can vary significantly depending on your lot size. Calculating the dollar-per-pip value of different lot sizes tends to throw off many a “noob” trader in ...
for many businesses simply because of the sheer volume of fiat currencies placed into these instruments. $260 billion or so worth of dollars and euros and pounds sterling means there is opportunity for a business that accepts payment in crypto to reap some of the money looking to be transacted...