A currency, usually from a highly industrialized country, that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex market. |||Another criterion for a hard currency is that the currency must come from a politically and economically stable country. The U.S. dollar and the British pound are good examples of hard currencies.
The currency abbreviation or currency symbol for the Guyanese dollar (GYD), the currency for Guyana. The Guyanese dollar is made up of 100 cents and is often represented with the symbol G$. However, 1-cent coins are no longer used in Guyana due to inflation. |||The Guyanese dollar was first seen in 1839 and has undergone many changes. It first appeared in its present form in 1966. The modern banknotes are issued in denominations of 1, 5, 10, 20, 100, 500 and 1000 dollars. Coins are now issued in denominations of 5, 10, 25 and 50 cents and 1, 5 and 10 dollars.
The currency abbreviation for the Guatemalan quetzal. GTQ is named for the country's native national bird, the "resplendent quetzal". The quetzal replaced the peso in 1925. |||The Guatemalan quetzal was pegged first to the French franc and the gold standard before switching to the U.S. dollar (against which it is now pegged). Quetzal coins are minted in 1, 5, 10, 25 and 50 centavos (subunits) and 1 quetzal denominations; banknotes are printed in 1, 5, 10, 20, 50 and 100 quetzal denominations. The national Bank of Guatemala has administered the quetzal currency since 1946.
Eight of the world's economically leading countries that in a cooperative effort meet periodically to address international economic and monetary issues. |||G-8 is considered global policy making at its highest level. The G-8 includes the Group of Seven countries along with Russia. Russia, although not a full member, has been in attendance since 1994.
An incorrectly valued stock that is attractive because its combined asset value is greater than its market capitalization. This type of stock is called an asset play because the impetus for purchase is the fact that the company's assets are being offered to the market relatively cheap. Typically, investors involved in an asset play will buy these stocks in hopes that there will be price corrections causing the market capitalization to increase and thus lead to a capital gain.
A trading system that is not regulated as an exchange, but is a venue for matching the buy and sell orders of its subscribers. Alternative trading systems are gaining popularity around the world and account for much of the liquidity found in publicly traded issues. Regulation ATS was introduced by the SEC in 1998 and is designed to protect investors and resolve any concerns arising from this type of trading system. Regulation ATS requires stricter record keeping and demands more intensive reporting on issues such as transparency once the system reaches more than 5% of the trading volume for any given security. Many alternative trading systems are specifically designed to match buyers and sellers who trade in very large quantities (primarily professional traders and investors). Also, institutions will often use an ATS to find counterparties for transactions, instead of trading large blocks of shares on the normal exchange, a practice that can skew the market price in a particular direction, depending on a particular share's market capitalization and trading volume.Examples of alternative trading systems include, but are not limited to, electronic communication networks (ECNs), crossing networks and call markets.
The currency abbreviation or the currency symbol for the Indonesian Rupiah (IDR). The Rupiah is made up of 100 sen, and is often presented with the symbol (Rp). The Rupiah derives its name from its sister currency the Indian Rupee. The Riau Islands and the Indonesian half of New Guinea both had their own versions of the Rupiah at one time, but both have been absorbed by the Indonesian currency. |||The Indonesian Rupiah was first seen in October of 1946 and substantially revised in 1950, when it received international recognition and replaced all former Dutch, Javanese and Japanese currencies being used. It underwent a 1000 to 1 reversion in 1965, but continued to lose value over the years. Its devaluation played a substantial role in the overthrow of the Suharto regime in 1998.
A combination order whereby two separate orders are entered on the same security. The execution of one order cancels the other. For example, if you purchased shares of XYZ at $5, you could enter an alternative order to sell at either $2.50 or $7.50. If the order to sell at $2.50 was executed, the $7.50 order would be cancelled and vice versa. This would limit potential losses and gains, thus mimicking a collar strategy.