A currency peg is a policy ♈by a nation to set a fixed exchange rate between its currency and one or a series of other currencies. This can stabilize the value of a country’s currency but limits monetary policy. Pegs can also be undermined by market conditions.

Legal tender is something that a country’s law re🐓cognizes as money. A country’s currency is legal tender and laws establishing what is legal tender make commerce easier by making it clear what people have to accept as money.

Quid is a nickname for the British Pound Sterling. It is the currency of the United🐟 Kingdom (U.K.).

NEER is the weighted aver♐age of a currency’s exchange rate with a group of other currencies, usually referred to as a basket of currencies. This is a measure of how strong a currency is on forex markets.

Forex trading robot is the nickname♊ given to automated currency trading. The softwa﷽re used to make these trades buys and sells currencies according to specific algorithms.

A forex hedge is a strategy to help offset the risk 𓆉of currency fluctuations when investing or doing business. This can be done by using currency futures and swaps, among other me♍thods.

An IRD is the difference between two inteꩲrest rates betwee🐭n two assets. The IRD is used to compare investments in forex, fixed income, and other markets.