It USED to be the comparison between paper money and metal money.Now it's just a reference to the assumed stability of two soft currencies. Note A hard currency is freely convertible into other currencies, but a soft currency is hedged about with restrictions on its conversion into other currencies. In some cases a soft currency may be a purely internal currency with no or almost no convertibility.
http://en.wikipedia.org/wiki/Currency_swap
Yen is the Japanese currency whereas yuan is the currency used in China.
The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.
Base currency is traditionaly the stronger currency and also the one which is actually bought or sold when we deal in pairs For e.g. if we BUY GBPUSD then we are Buying GBP and Selling USD , Here GBP is the Base currency and USD is the counter currency
Governments and banks determine the convertibility of currency. Depending on the country, currency may be fully or partially convertible. In several countries, currency is nonconvertible.
A non convertible currency is a money system that is not part of the FOREX exchange. It cannot be converted into other currency.
Differentiate between a bearer debentures and convertible notes
cabrio is a convertible
It USED to be the comparison between paper money and metal money.Now it's just a reference to the assumed stability of two soft currencies. Note A hard currency is freely convertible into other currencies, but a soft currency is hedged about with restrictions on its conversion into other currencies. In some cases a soft currency may be a purely internal currency with no or almost no convertibility.
The difference between a currency future and a currency option is the option is the amount paid is all that is at risk and with future you could lose a lot more.
The convertible and four door sedan use the same engines.
No, the terms may be used interchangeably.
the main difference between currency paper and normal paper is that the currency paper is made up of cotton fibres and the normal paper is obtainde from trees
the main difference between currency paper and normal paper is that the currency paper is made up of cotton fibres and the normal paper is obtainde from trees
Pounds is the currency of England and dollars is the currency of America
The spyder is a convertible model, while the coupe is not.