The Ghanaian cedi is the currency of Ghana. It is subdivided into 100 pesewas. The cedi was introduced in 2007, replacing the Ghanaian new cedi at a rate of 1 cedi = 10,000 new cedi. Which Bank is best for forex trading in Ghana? The answer to this question may depend on individual preferences and … Read more
A floating exchange rate is a type of exchange rate regime in which a currency’s value is allowed to fluctuate in response to changes in the value of other currencies. The most common type of floating exchange rate is the free-floating exchange rate, which is determined by the forces of supply and demand in the … Read more
The Papua New Guinea kina is the official currency of Papua New Guinea. It is divided into 100 toea. The kina was introduced in 1975, replacing the Australian dollar. The name “kina” comes from a local shell used as currency in pre-colonial times. What countries is PayPal not available? PayPal is not available in countries … Read more
A commodity pair is a currency pair where one of the currencies is a commodity-based currency. The most common commodity pairs are the US Dollar and the Canadian Dollar (USD/CAD), the Euro and the Swiss Franc (EUR/CHF), and the Australian Dollar and the New Zealand Dollar (AUD/NZD). Commodity pairs tend to be more volatile than … Read more
The USD definition is a set of rules which govern how the US Dollar is traded on the foreign exchange market. These rules are designed to protect the value of the dollar and to ensure that it is traded fairly. The USD definition is also known as the US Dollar Index, or the DXY. What … Read more
The RON, or Romanian New Leu, is the currency of Romania. The ISO code for the RON is RON and the symbol used for it is L. The RON is divided into 100 bani. The RON was introduced in 2005, replacing the old Romanian leu. Which money did Romania use? Which money did Romania use? … Read more
An authorized forex dealer is a financial institution that is allowed to deal in foreign currencies. Authorized dealers are typically banks or other large financial institutions. They are authorized by a country’s central bank to buy and sell foreign currencies. The term “authorized forex dealer” is important because it ensures that the dealer is regulated … Read more
The Singapore dollar (SGD) is the currency of Singapore. It is divided into 100 cents and is normally referred to as the “Sing dollar” or simply “dollar” in English. The Singapore dollar is officially recognised as a legal tender in Brunei, but is not accepted in other countries. The SGD is a currency that is … Read more
The North Korean Won is the official currency of North Korea. It is divided into 100 chon and is often abbreviated as KPW. The North Korean Won is not traded on international currency markets, but is instead pegged to the Chinese Yuan at a rate of 1 KPW to 0.72 CNY. Which currency is fully … Read more
The Chilean Peso is the official currency of Chile. The Chilean Peso is subdivided into 100 centavos. The CLP was introduced in 1975, replacing the Chilean Escudo at a rate of 1 CLP = 1000 Escudos. The CLP is pegged to the US Dollar at a rate of 1 USD = 690.3 CLP. What can … Read more
