Calculating Pip Value... dari MeVsSoros

22 May 2020, 14:44 · Views 501

The fixed pip amounts are:

USD$10 for a standard lot, which is 100,000 units of currency.

USD$1 for a mini lot, which is 10,000 units of currency.

USD$0.10 for a micro lot, which is 1,000 units of currency.

These pip values apply to any pair where the USD is listed second, such as the euro/U.S. dollar (EUR/USD), British pound/U.S. dollar (GBP/USD), Australian dollar/U.S. dollar (AUD/USD), and New Zealand dollar/ U.S. dollar (NZD/USD).

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Cable (or the cable) is a foreign exchange term used for the GBP/USD currency pair rate (British pound priced in US dollars). The term cable is a slang term used by forex traders to refer to the exchange rate between the pound and dollar and is also used to simply refer to the British pound itself. The term originated in the mid-19th century, when the exchange rate between the U.S. dollar and British pound began to be transmitted across the Atlantic by a submarine communications cable. Since that time the exchange rate has been referred to as the cable.

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The NZD/USD is considered a commodity pairing. The New Zealand dollar is often informally called the "Kiwi" or "Kiwi dollar" since New Zealand is commonly associated with the kiwi and the one-dollar coin depicts the indigenous bird on its reverse. A commodity pair's exchange rate tends to exhibit a correlation to the current market value of an underlying commodity. Typically, the commodity is local to one or both nation's economy.

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