![]() ![]() (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. “Whilst India’s current account deficit (CAD) touching 3% of GDP is raising blood pressure levels amongst some investors, this figure would have been at least twice as high had India not become a more efficient user of energy over the past decade,” Mukherjea said. Choose the Interbank rate, or use the percentage add-on feature to calculate typical rates charged by credit card companies and banks. Convert 190+ currencies and four precious metals. PMS fund manager Saurabh Mukherjea had yesterday said a 2013-like rupee meltdown is highly unlikely largely because of India’s improved energy efficiency. Free currency converter uses OANDA Rates®the same daily filtered exchange rates used by auditing firms and banks. "A strong dollar is capping crude’s gains today and it looks like we could see crude continue to consolidate until NFP (non-farm payrolls) report," said Edward Moya, Senior Market Analyst, The Americas OANDA. Oil prices have rallied after OPEC+ agreed to tighten global supply. Including: Financial reporting and reconciliation Track changes in future cash flows Monitor the mark-to-market value of existing forward. Access to forward rate data allows business to optimize processes. For historical data, traders can specify a year and time period. OANDA's Exchange Rates API offers access to over 360+ new forward rate currency pairs for contract periods from overnight up to 5 years. Just one click takes traders to the average exchange rates of their chosen currencies. The technology is free, multilingual and readily accessible. The dollar index, which tracks the greenback versus a basket of six major peers, was trading above 112-mark after rallying for two days.īrent crude futures inched higher towards the $95 a barrel mark. Among its currency tools, OANDA has a smart converter that enables traders to check both live and historical data. non-farm payrolls for September are due to be released on Friday, with economists forecasting a headline print of 250,000 new jobs, compared with 315,000 in August. Traders should note that for trading accounts in other base currencies, such as GBP or AUD, pip values can vary, depending on the current market rate for the GBP/USD, or AUD/USD, for example.U.S. You select the two currencies and the amount and you can ask for different rates (Interbank, Typical Credit Card, Typical Cash Rate). So, the pip value for a 0.10 lot of EUR/USD, with a market rate of 1.21580, on a EUR trading account, is currently €0.8225. The results: The pip calculator uses a market price live feed with the current interbank rate (in a 5-digit format) and it will display the current pip value based on the selected account base currency (in our example, the EUR). Selecting an account currency in this field will enable an accurate calculation of the pip value, for the selected instrument, in a trader's account base currency (from AUD to ZAR). Pip values are also subject to the current market/exchange quotes. Let's choose, for our example, a trading size lot of 10,000 currency units (0.10 mini-lot).ĭeposit currency: Pip values are different for each FX pair and for each cryptocurrency cross. In this field there's also the option of calculating the pip value based on the lots traded, or, the units traded. Trade size: Forex pairs are 100,000 units per 1 lot, but u nits per 1 lot vary on non-forex pairs. Let's choose for our example the EUR/USD. Instrument: Traders can select from major forex crosses, minors, exotics, the most popular cryptocurrencies (such as ADA, BTC, ETH, LTC and XRP) and several commodities, including Gold, Silver and Oil. With 5-digit pricing, if the EUR/USD moves up from 1.09255 to 1.09260, the move would be half a pip. When the EUR/USD moves up from 1.0925 to 1.0926, the change is 1 pip. When trading metals, 1 pip for Gold and Silver is 0.01. A pip in forex means the smallest price change a currency pair can make, except for fractions of a pip or 'pipettes'.įor most currency pairs 1 pip is 0.0001 for currency pairs with the Japanese Yen, such as USD/JPY, 1 pip is 0.01.
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