Range is the term describing the difference and distance between low and high prices for a security over a certain period of time. Range defines the spread of the price in a certain period of time and can indicate volatility of the price.

 

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Permitted currency is a currency which is not bonded by any regulatory restrictions that can keep it from being converted into other currency.

 

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Inconvertible currency is a name given to the currency the conversion of which into another currency is forbidden. There can be several reason for that like different forbidding regulations, physical barriers or political sanctions.

 

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Asian currency unit is a proposed basket of Asian currencies which was created alike to European currency unit. It was supposed to become Asian analogue of euro. The idea was explored by Asian Development Bank.

 

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Spot next is a term used to describe the day of delivery of the purchased currency the next day after the spot date. It can also be referred to as a ‘next business day’.

 

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