Currency peg
A policy that fixes or tightly manages a currency against another. Examples are the Hong Kong dollar against USD and the Danish krone against EUR.
Related terms
Central bank
The institution that sets a country’s interest rates and monetary…
Currency intervention
A central bank or government buying or selling its own currency to…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Bid
The price at which the market will buy from you, so it is the…