Category Archives: Forex Glossary

A currency that trades in markets outside of its domestic borders. “Xeno” is a prefix meaning strange or foreign.

A product which gives the owner the right, but not the obligation, to sell it at a specified price.

The Purchasing Power Parity (PPP) is a theory that states that the foreign exchange rate between two countries should be equal to the ratio between their respective prices of a fixed basket of goods. When this holds true, the exchange rate is said to be in equilibrium.

Symbol for Zambia cryptocurrency.