Forex

Forex

Foreign Exchange The simultaneous buying of one currency and selling of another in an over-the-counter market. Most major FX is quoted against the US Dollar.

Industry: Economy

Add a new term

Contributors in Forex

Become a Contributors

Forex

Acid test

Economy; Forex

A stern measure of a company's ability to pay its short term debts, in that stock is excluded from asset value.

An exchange rate for a currency that differs from the official exchange rate set by a government. The black market exchange rate occurs when the official rate bears little or no relationship to the ...

Liabilities

Economy; Forex

General term for what the business owes. Liabilities are long-term loans of the type used to finance the business and short-term debts or money owing as a result of trading activities to date . Long ...

Profit and loss account

Economy; Forex

One of the three principal business reporting and measuring tools (along with the balance sheet and cashflow statement). The P&L is essentially a trading account for a period, usually a year, but ...

Net profit

Economy; Forex

Net profit can mean different things so it always needs clarifying. Net strictly means 'after all deductions' (as opposed to just certain deductions used to arrive at a gross profit or margin). Net ...

Liquidity ratio

Economy; Forex

Indicates the company's ability to pay its short term debts, by measuring the relationship between current assets (ie those which can be turned into cash) against the short-term debt value. (current ...