The currency abbreviation or currency symbol for the Canadian dollar (CAD). The Canadian dollar is made up of 100 cents and is often presented with the dollar sign as C$ to allow it to be distinguished from other currencies denominated in dollars, such as the U.S. dollar (USD). CAD is considered to be a benchmark currency, meaning that many central banks across the globe keep Canadian dollars as a reserve currency. |||The Canadian dollar has been in use since 1858 when the Province of Canada replaced the Canadian pound with its first official Canadian coins. This dollar was pegged to the U.S. dollar at par using the gold standard system of 1 dollar equaling 23.22 grains of gold. In 1871, the federal government passed the Uniform Currency Act, which replaced the various currencies of the provinces with the one national Canadian dollar. Over its history, the Canadian dollar has moved back and forth between being pegged to the U.S. dollar and being allowed to float freely. The Canadian dollar was first allowed to float in 1950; from 1962 - 1970 it was pegged again and has since been allowed to float.
Slang used among forex traders referring to the exchange rate between the U.S. dollar and the British pound sterling. Because it is the norm in forex for most major currencies to be quoted against the U.S. dollar on a regular basis, "cable" is a commonly used term. "Cable" can also be used to refer simply to the British pound sterling. |||For example, you may hear someone dealing with the forex market saying, "The cable is up today," or, "The cable has been trending lower lately."The origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable. Forex brokers are sometimes referred to as "cable dealers".
The currency abbreviation for the Belize dollar (BZD), the currency for Belize. The Belize dollar is made up of 100 cents and is often presented with the symbol BZ$. Belize's dollar has been pegged to the U.S. dollar since May 1976 at 2:1. The Central Bank of Belize manages the nation's foreign reserves. |||The Belize dollar was officially recognized as the currency for Belize on January 1, 1974, when it replaced the British Honduras dollar. This was six months following the renaming of the British colony, then known as British Honduras, to Belize on June 1, 1973.
A market in which the spread between the bid and the ask for a given financial instrument is zero - meaning that, at any point in time, the instrument can be bought for the same price as it can be sold in the market. This type of market only occurs when there is extreme liquidity and a limited number of intermediaries. |||This is a rare occurrence in the financial markets, as most financial instruments trade with a spread between the bid and the ask. The market that most closely resembles a choice market is forex, where some currency pairs trade with a spread of only a fraction of a percent. For example, the spread between the USD and EUR is usually only 1 basis point, or 0.01%.
China's foreign exchange regulatory agency, which functions as a bureau under the People's Republic of China. The State Administration of Foreign Exchange's (SAFE) primary responsibilities include drafting policies and regulations related to foreign reserves and foreign exchange, supervising and inspecting forex transactions, and managing China's forex and gold reserves and foreign currency assets. |||The State Administration of Foreign Exchange's mandate includes the study and implementation of policy measures for the gradual advancement of the convertibility of the renminbi, China's official currency. The significance of an adjustment in the renminbi's value to the global economy, along with China's huge forex reserves, has made SAFE an increasingly important player in international forex and financial markets. SAFE operated as an independent entity until 1998, when the Chinese government brought it under the control of the People's Bank of China (PBOC). The rationale for this move was to strengthen the PBOC as a central bank.
A government-sponsored entity of the People's Republic of China that seeks to invest in securities and commodities abroad. The CIC was initially funded with around $200 billion, which originated from the issuance of long-term treasury bonds by the People's Bank of China (PBOC). The bond proceeds were then converted into dollars through the foreign exchange market. |||The CIC provides a vehicle for investing the massive trade surplus that exists in the nation. The CIC will receive regular inflows of capital to help suppress this figure. Speculations abound as to how the CIC will impact the world financial markets. China has been a large investor in U.S. Treasuries for many years, but hopes to earn a higher return on its foreign investments by diving into stocks, bonds and commodities such as oil and gold. Critics point to general corruption in China's political and economic system and wonder what kind of regulations will exist within the CIC to prevent it from being run in a similar fashion. One of the first announced investments of the CIC was a 10% stake in U.S.-based private equity firm Blackstone Group, a move that sparked concern on Wall Street at the prospect of Chinese influence on U.S. corporate operations through the stock market.
The currency abbreviation for the Swiss franc (CHF), the currency for Switzerland. Switzerland has four official languages; therefore, the currency is known as; Language Currency Name Sub-unit 1/100 German Schweizer Franken Rappen (Rp.) French Franc Suisse Centime (c.) Italian Franco Svizzero Centesimo (ct.) Romanish Franc Svizzer Rap (rp.) The Swiss franc is often presented with the symbol CHF, Fr., SFr. It is one of the most traded currencies in the world |||The swiss franc was officially recognized as Switzerland's currency in May of 1850. It replaced several currencies issued by the different states of the federal states of Switzerland, known as the cantons of Switzerland. This was done by the Swiss federal government in order to simplify the complex monetary system. The abbreviation "CHF" is derived from the Latin name of the country, "Confoederatio Helvetica".
A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset. |||The New York Stock Exchange is considered a centralized market because orders are routed to the exchange and are then matched with an offsetting order. On the other hand, the foreign exchange market is not deemed to be centralized because there is no one location where currencies are traded and it is possible for traders to find competing rates from various dealers from around the world.
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