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Forex Terms
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CA CH CL CM CO CP CR CU
selected terms: 33 page 2 of 2

21. CORRA Canadian Overnight Money Market Rate - The rate used by financial institutions to borrow money to cover a shortage of funds (primarily for end-of-day settlement) from those institutions with More…
22. Correlation A statistical term that refers to a relationship between two seemingly independent things. In forex for example, one could argue that the Euro and the Sterling have a higher correlation More…
23. Correspondent Bank The foreign banks representative who regularly performs services for a bank which has no branch in the relevant centre, e.g. to facilitate the transfer of funds. In the US this often occurs More…
24. Counterpart A participant in a financial transaction.
25. Counterparty The other party in a forex deal. In online spot forex, the counterparty is the market maker.
26. Country Risk By virtue of economic, political, and geographical factors, some countries are more stable than others. Country risk in reference to forex means the stability of the currency and the More…
27. Cover (1) To take out a forward foreign exchange contract. (2) To close out a short position by buying currency or securities which have been sold.
28. CPI See Consumer Price Index.
29. Cross-Rate The exchange rate between 2 currencies where neither of the currencies are USD.
30. Crrency Code The currency codes are specified by ISO 4217. Most codes are composed of the country's two-character country code, and the first character of the national currency name. See also: More…
31. Currency Money issued by a government. Coins and paper money. It is a form of money used as a unit of exchange within a country.
32. Currency Pair The two currencies in a foreign exchange transaction. The “EUR/USD” is an example of a currency pair. See also: Currency
33. Currency Risk The risk that shifts in foreign exchange rates may undermine the dollar or any other foreign currency value of overseas investments. See also: Currency

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