- A-

Extrapolates the behavior of an element (such as volatility) from a certain time period to a full year.

- B C-

Usually the currency of the home market in which a trader or investor is buying or selling.

A version of the 164 Currency Converter that you can customize for your personal use. The Customizable Currency Converter allows you to insert your own HTML headers and footers to change the appearance of the Currencies Converter and its results.

- D E-

Decision-support tool

Any tool that provides an unbiased second opinion and reliable support throughout an investor’s or trader’s decision-making process. A decision-support tool enables effective risk managment, thereby increasing the profit potential (higher exposure at lower relative risk, more consistent return). It enhances overall trading performance, enabling financial institutions to improve their customer service, and increases trading volume. It reduces the complexity in the trading room and allows better use of financial resources.

• investors and traders who trade small to large volumes in the foreign exchange markets daily
• professionals who do business internationally and who want to minimize foreign exchange risk due to currency price fluctuations

Directional quality

The exchange rate of a foreign currency as quoted against the US dollar (USD). Some currencies are typically only quoted against the US dollar, such as the Algerian dinar (DZD) and the Andorran franc (ADF). The exchange rate of the Algerian dinar against the Andorran franc is thus computed from DZD-USD and ADF-USD.

The number of one currency needed to buy another.

- F-

Some data may be bad, stemming from such causes as a market maker incorrectly typing a price, or entering the correct price but in the wrong format. All data used by OANDA is filtered using its own sophisticated algorithms.

An organization primarily established to offer and perform financial services. Examples of financial institutions include brokerages and banks.

A statistical analysis of the markets whereby a percentage chance is assigned to a given price movement occurring. A forecast of the foreign exchange markets is similar to a weather report in that both assign a probability to the occurence of an identified market or climatic change. 

Financial services that provide professional traders and investors with an unbiased second opinion and reliable support throughout the financial decision-making process. Any professional with international business relations can use the forecasting services to reduce there foreign exchange risks due to currency price fluctuations and get up-to-date information anytime.