The difference between the interest rates of two currencies, as expressed in rate points.
Did you know?
Many consider the year 1880 A.D. to mark the beginning of modern foreign exchange. The reason for this is that it was during this year that the gold standard was first introduced.
Word of the day
"Managed Account" - A trading account which a company or a trader handle on behalf of the account holder. A Managed Account is also known as Discretionary Account or Controlled Account.
Most market activity occurs when at least two market centres are open at the same time.