Your Questions About Forex Rates

Lisa asks…

i am looking for the historical interest rates for the last few years. For forex there is no problem to find t

kenspong answers:

There are several sites that provide historical interest rates including the Federal Reserve at:
http://www.federalreserve.gov/releases/h15/data.htm
First Republic Bank also provides a graphing program of historical rates at:
http://www.firstrepublic.com/finmkts/historical.asp

Donald asks…

Monitoring Forex Chart?

I have been monitoring Forex rates for some time. I use sites such as dailyfx.com. But i was looking for something which i can download on my desktop and which can appear as floating window over all other windows i am currently working on my computer. This will help to avoid visiting the said site on regular basis. Any suggestions??
Thanks for all answers. I have found the way by help of Google gadgets. These things appear on desktop and remain on top of your screen as floating window

kenspong answers:

Not sure but, All i know is that panic gripped Wall Street after a dismal US retail sales report reminded investors that consumer spending — which accounts for the bulk of US economic activity — is declining sharply.

Jenny asks…

Forex Coures in India?

Hi, I would like to know about forex course in India and what are its scope in Maharashtra, Mumbai?
Where can i get detailed information about forex trading in india and all updated news about Forex Market India, Forex rates india, Forex Reserve of India, Bank of India Forex etc

kenspong answers:

Training Institutes In India

1. Bombay Stock Exchange’s BSE Training Institute, Mumbai
2. The All India Centre for Capital Market Studies, JDB Institute Of Management Studies & Research, Nasik – 422 005
3. The Institute Of Capital Market Development, 1965 Arya Samaj Road, Karol Bagh, Delhi – 5
4. The Institute of Company Secretaries of India, ICSI House, 22, Institutional Area, Lodhi Road, New Delhi – 110 003
5. The Orion Institute of Capital Market, S- 11, Adarshini Plaza, 91, Adchini, Aurobindo Marg, New Delhi
6. The UTI Insitute of capital Market, Plot 82, Sector – 17, Vashi, nave Mumbai – 400 705

Michael asks…

What do they mean by the interest rates in forex?

While buying EUR/USD, Profit is based on :
interest paid on the USD loan and the interest
earned on the EUR deposit. This is what is referred to as the carry for
the trade.
Carry can be either positive or negative depending on the differential
between the two interest rates.

What does the author actually mean by interest rate here??
Plz explain me in simple terms ( I’m a novice at forex trading)

kenspong answers:

Holding a forex position overnight incurs a debit or credit to your account according to the rollover rate. On any forex trading platform, they quote the current rollover rate at all times, so you know exactly what it is, but for most of us, it is insignificant.

Definition of ‘Rollover Rate (Forex)’
The net interest return on a currency position held by a trader. The rollover rate converts net currency interest rates, which are given as a percentage, into a cash return for the position. Since a trader is long one currency and short another, the net effect of both interest rates has to be calculated.

In forex, a rollover means that a position is extended at the end of the trading day without settling.

Investopedia explains ‘Rollover Rate (Forex)’
For example, an investor has a long 100,000 EUR/USD at a rate of 1.3000. The EUR interest rate is 2%, or a daily rate of 0.0054%, and the USD is 3% or a daily rate of 0.0081%.

The interest on the EUR is (100,000 * 0.0054%) 5.40 EUR; the USD costs (130,000 * 0.0081%) 10.53 USD. Converting the EUR to USD, 5.40 * 1.3000 = USD 7.02. The net USD amount is 7.02 – 10.53 = – 3.51, which is divided by the 100,000 position. On a long EUR/USD position, the rollover costs 0.00003562, or 0.3562 pips.

Read more: http://www.investopedia.com/terms/r/rollover-rate.asp#ixzz1mt4QUDOx

So you can see that unless you’re talking about millions of dollars invested, the rollover rate is only one-third of one pip, and is quite insignificant.

Donna asks…

How much will be NZD/USD Forex rates on March ?

NZD/USD rates are now 0.8100

kenspong answers:

Any answer you will get here will be a pure guess. Because, if we knew that answer we all would be placing a bet on the winning and against the losing currency.

Powered by Yahoo! Answers

Tags: , , , , , , , , ,
Previous Post

Your Questions About Forex Trading Software

Next Post

Your Questions About Robots And Aliens