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Home Dictionary H HUF (Hungarian Forint) The Hungarian forint is the national currency of Hungary. Introduced in 1946, the forint is issued and backed by the country’s central bank, Magyar Nemzeti Bank. Indicated by the symbol Ft and the currency code HUF. The value of banknotes varies from 500 to 20,000 forints, while coins are minted from 5 to 200 forints. Despite the fact that Hungary is a member of the EU, it has not adopted the euro. Eurocurrency
September 25, 2022 The term Eurocurrency refers to foreign currency deposits held in banks outside their country of origin. Currency Carry Trade
September 25, 2022 A currency carry trade is a strategy in which a high-yielding currency finances the trade of a low-yielding currency. Currency Exchange
September 25, 2022 Currency exchange is a business that allows customers to exchange one currency for another. Denomination
September 25, 2022 The name defines the monetary unit in which assets, securities and transactions are valued. Direct Quote
September 25, 2022 Direct quotation is a quotation of a currency pair in which a foreign currency is expressed per unit of national currency. ECN Broker
September 25, 2022 ECN Brokers facilitate transactions that take place on Electronic Communications Networks (ECNs). Euro
September 25, 2022 The Euro is the official currency of the European Union (EU), adopted by 19 of the 27 EU member states. Euro Overnight Index Average (Eonia)
September 25, 2022 Euro Overnight Index Average (EONIA) is the average base overnight rate at which European banks lend to each other in euros. Eurodollar
September 25, 2022 Eurodollars refer to dollar-denominated accounts in foreign banks or overseas branches of US banks. Exchange Rate Mechanism (ERM)
September 25, 2022 The Exchange Rate Mechanism (ERM) is the way in which governments can influence the relative price of their national currency in foreign exchange markets. Floating Exchange Rate
September 25, 2022 The floating exchange rate is determined by supply and demand on the open market. Foreign Currency Swap
September 25, 2022 A currency swap is an agreement between two parties to exchange interest rates on their loans in different currencies. Foreign Exchange
September 25, 2022 Forex is a global trading platform for the exchange of national currencies. Foreign Exchange Risk
September 25, 2022 Foreign exchange risk refers to the losses that an international financial transaction may incur due to fluctuations in foreign exchange rates. Forward Market
September 25, 2022 Forward contracts differ from futures contracts in that they are customizable in terms of size and duration or maturity. Forward Premium
September 25, 2022 A forward premium is a situation in which the forward or expected future price of a currency is higher than the spot price. Gibraltar Pound (GIP)
September 25, 2022 The Gibraltar Pound (GIP for short) is the official currency of Gibraltar. Guinea Franc (GNF)
September 25, 2022 The Guinean franc (GNF) is the national currency of the African state of Guinea. Hard Loan
September 25, 2022 A hard loan occurs when a foreign borrower takes out a loan denominated in a hard currency such as a reserve currency such as the US dollar. Horizontal Spread
September 25, 2022 A horizontal spread is a simultaneous long and short position in derivatives for the same underlying asset and strike price, but with different expiration dates. ISO Currency Code
September 25, 2022 ISO currency codes are three-letter alphabetic codes representing the various currencies used throughout the world. Indian Rupee
September 25, 2022 Indian rupee - the currency of India; INR is the currency code and the currency symbol is ₹. Indirect Quote
September 25, 2022 An indirect quotation in the foreign exchange markets expresses the amount of foreign currency required to buy or sell one unit of the national currency. Interbank Market
September 25, 2022 The interbank market is a global network used by financial institutions to trade currencies and other currency derivatives directly among themselves. International Fisher Effect (IFE)
September 25, 2022 The International Fisher Effect (IFE) states that differences in nominal interest rates between countries can be used to predict changes in exchange rates.