The currency abbreviation for the Sudanese dinar (SDD), the currency for Sudan between June of 1992 and January of 2007. The Sudanese dinar was made up of 100 dirham and was often presented with the symbol LSd or £Sd. |||The Sudanese dinar was first issued in Sudan in 1992 when it replaced the Sudanese pound (SDP) at a rate of 1:10. The currency remained in circulation until it was replaced by a second Sudanese pound (SDG) in 2007 at a rate of 1:100.
In currencies, this is the abbreviation for the Singapore Dollar. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
The currency abbreviation for the Singapore dollar (SGD), the currency of Singapore. The Singapore dollar is made up of 100 cents and is often presented with the symbol $ or S$ to set it apart from other dollar-based currencies. In Singapore, the dollar is also known as the "Sing". |||The Singapore dollar was first issued in 1965 after the breakdown of the monetary union between Malaysia and Brunei, but has remained interchangeable with the Brunei dollar. Exchange at par with the Malaysian ringgit ended in 1973.The value of the dollar was originally pegged to the British pound (GBP) at a rate of 60:7. In the early 1970s, this peg was moved to the U.S. dollar briefly before being pegged to a hidden basket of foreign currencies between 1973 and 1985. Since 1985, Singapore has allowed its dollar to float within an undisclosed range, which is monitored by the Monetary Authority of Singapore.
The risk that one party will fail to deliver the terms of a contract with another party at the time of settlement. Settlement risk can be the risk associated with default at settlement and any timing differences in settlement between the two parties. This type of risk can lead to principal risk. |||Settlement risk is the possibility your counter party will never pay you. Settlement risk was a problem in the forex market up until the creation of continuously linked settlement (CLS), which is facilitated by CLS Bank International, which eliminates time differences in settlement, providing a safer forex market.Settlement risk is sometimes called "Herstatt risk", named after the well-known failure of the German bank Herstatt. On Jun 26, 1974, the bank had taken in its foreign-currency receipts in Europe, but had not made any of its U.S. dollar payments when German banking regulators closed the bank down, leaving counter parties with the substantial losses.
The difference between the expected price of a trade, and the price the trade actually executes at. Slippage often occurs during periods of higher volatility, when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade.Slippage is a term often used in both forex and stock trading, and although the definition is the same for both, slippage occurs in different situations for each of these types of trading. |||In forex, slippage occurs when a limit order or stop loss occurs at a worse rate than originally set in the order. Slippage often occurs when volatility, perhaps due to news events, makes an order at a specific price impossible to execute. In this situation, most forex dealers will execute the trade at the next best price.Slippage in the trading of stocks, often occurs when there is a change in spread. In this situation, a market order placed by the trader may get executed at a worse than expected price. In the case of a long trade, the ask may have increased. In the case of a short trade, the bid may have lowered. Traders can help to protect themselves from slippage by avoiding market orders when not necessary.
The currency abbreviation for the Slovak koruna (SKK), the currency for Slovakia from February 8, 1993, to January 1, 2009. The koruna is made up of 100 halierov and is often presented with the symbol Sk. Also known as the "crown". |||When the Czechoslovak Federation split in two in 1993 to form two new countries, the Czechoslovak koruna also split, introducing two new currencies: the Czech koruna and the Slovak koruna.On May 1, 2004, Slovakia was accepted as a member of the European Union, and the progression toward the conversion to the euro started. Almost immediately, it was possible to pay with euros in many shops in Slovakia. However, in many cases a purchase using euros resulted in a less favorable exchange rate, and change was paid in Slovak korunas. It is to be completed January 1, 2009.
In currencies, this is the abbreviation for the Slovenian Tolar. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
The currency abbreviation for the Slovenian tolar (SIT), the currency for Slovenia from October 1991 until December of 2006. The Slovenian tolar was made up of 100 stotinov. The correct pronunciation of the currency depended on the amount of currency to which the speaker was referring. 2 SIT were called 2 "tolarja"; 3 or 4 SIT were called 3 or 4 "tolarji"; "tolarjev" referred to 5 SIT or more. |||The tolar was introduced as the currency of Slovenia in 1991, replacing the Yugoslav dinar at par. When Slovenia joined the European Monetary Union in January of 2007, the tolar was replaced by the euro at a rate of 239.64:1.