23.04 - AUD/USD reversed an early dip and turned positive
- George Solotarov
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Custodian has a particular significance in relation to IG's platform. Here, we define custodian in general investing and explain what it means to you when trading with IG.
A currency peg is a governmental policy of fixing the exchange rate of its currency to that of another currency, or occasionally to the gold price. It can sometimes also be referred to as a fixed exchange rate or pegging.
A currency future is a contract that details the price at which currency could be bought or sold and sets a specific date for the exchange.
Currency depreciation is the decline of a currency’s value relative to another currency. It specifically refers to currencies in a floating exchange rate – a system in which a currency’s value is set by the forex market, based on supply and demand.