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Pip




The smallest unit of price for any foreign currency.


Additional Comments:

Digits added to or subtracted from the fourth decimal place, that is, 0.0001. Also called point.

Related Terms:

Quote Currency
The second currency quoted in a FOREX currency pair. In a direct quote, the quote currency ...

Foreign Exchange
(FOREX, FX) The simultaneous buying of one currency and selling of another. ...

FOREX
Foreign Exchange (FOREX, FX). The simultaneous buying of one currency and selling of another. ...





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