The value of an asset in a market where large, professional participants make transactions in that asset with one another. In the Interbank forex market, the standard wholesale price spread is roughly five pips in Normal Market conditions for the major currency pairs, although spreads can be considerably tighter than that in the retail forex market due to the much smaller Transaction sizes involved that are executed electronically.
Browse by Subjects
See All Related Terms »
principal exchange rate linked securities (PERLS)
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):