Time-based currency definition refers to a system in which the value of a currency is based on the amount of time that elapses between the issuance of the currency and its redemption. In this system, the value of a currency is not based on its purchasing power, but rather on the amount of time that … Read more
The Bulgarian Lev (BGN) is the currency of Bulgaria. It is divided into 100 stotinki. The lev was introduced in 1881. The stotinka was also the name of the former currency of the Kingdom of Bulgaria (1908-1944). The lev is pegged to the euro at a rate of 1.95583 leva = 1 euro. Is Bulgaria … Read more
The Guyanese dollar is the official currency of Guyana. It is subdivided into 100 cents. The Central Bank of Guyana is responsible for issuing the currency. The Guyanese dollar was introduced in 1965, replacing the East Caribbean dollar. Will the Guyana dollar rise? The Guyana dollar has been on a steady decline over the past … Read more
The “middle rate” is the average of the bid and ask prices of a currency pair. It is also sometimes referred to as the “mid-market rate”. The middle rate can be useful for determining potential buy and sell levels, as well as for gauging market sentiment. What is the best day to trade forex? The … Read more
The New Taiwan Dollar (TWD) is the official currency of Taiwan. It is subdivided into 100 subunits, called cents. The TWD was first introduced in 1949, replacing the old Taiwanese Dollar. The TWD is issued by the Central Bank of the Republic of China (Taiwan). How much cash can I carry to Taiwan? There is … Read more
The Maldivian rufiyaa is the currency of the Maldives. It is subdivided into 100 laari. The rufiyaa was introduced in 1947, replacing the earlier Maldive rupee. Although the rufiyaa is nominally subdivided into 100 laari, coins denominated in laari are no longer in circulation. Who controls all our money? The Federal Reserve System, or the … Read more
The Bhutanese Ngultrum is the official currency of Bhutan. It is subdivided into 100 chhertum and is pegged to the Indian Rupee at par. The Ngultrum was introduced in 1974, replacing the earlier Bhutanese Rupee. What is the currency of Bhutan known as? The Bhutanese ngultrum (BTN) is the official currency of Bhutan. It is … Read more
The Barbados Dollar (BBD) is the official currency of Barbados. It is subdivided into 100 cents and is pegged to the US Dollar at a rate of 2:1. The Barbados Dollar is issued by the Central Bank of Barbados and is minted by the Royal Canadian Mint. Why is the Barbados dollar pegged to the … Read more
A cross rate transaction is a foreign exchange transaction where the currency Pair being traded does not include the investor’s domestic currency. For example, if an investor from the United States wanted to trade Japanese Yen (JPY) for British Pounds (GBP), this would be considered a cross rate transaction, as USD is not one of … Read more
The Malaysian ringgit is the currency of Malaysia. It is divided into 100 sen (cents). The ringgit is issued by the Bank Negara Malaysia. The word “ringgit” means “jagged” in Malay and was originally used to refer to the serrated edges of silver Spanish dollars which circulated widely in the area during the 16th and … Read more
