Currency History


DEFINITION of 'Currency History'

The historical values of a base currency in relation to the values of other foreign currencies. Historical currency exchange rates provide the day trader with a historical reference to where a currency pair has traded in relation the currency with which it is paired. The technical analyst relies heavily on interpreting historical information for predicting future price movement.

BREAKING DOWN 'Currency History'

Historical data for currency exchange rates is a valuable tool for those looking to convert their currencies. Whether for speculative reasons, as in the case of the retail forex day trader, or for the converter looking for physical delivery, as in the case of a person going on an international vacation, knowing what rate you are getting today compared to currency exchange rates of the past is a valuable planning tool.

Many retail forex brokers provide this information for free, but others charge a nominal fee for this data. Be sure to do your own research before deciding where to get your historical currency exchange rate data.

  1. Currency Peg

    A country or government's exchange-rate policy of pegging the ...
  2. Foreign Currency Swap

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  3. Cable

    Slang used among forex traders referring to the exchange rate ...
  4. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  5. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  6. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
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  1. How is the value of a pip determined?

    A pip in foreign exchange trading is a measure of a price movement in a currency pair. "Pip" is an acronym for price interest ... Read Full Answer >>
  2. What are the goals of covered interest arbitrage?

    The goals of covered interest arbitrage include enabling investors to trade volatile currency pairs without risk as well ... Read Full Answer >>
  3. Where did the term 'pip' in currency exchange come from?

    The term pip is an acronym for percentage in point or price interest point. It measures a unit of change within a pair of ... Read Full Answer >>
  4. How do changes in national interest rates affect a currency's value and exchange ...

    All other factors being equal, higher interest rates in a country increase the value of that country's currency relative ... Read Full Answer >>
  5. What is the difference between pips, points, and ticks?

    Point, tick and pip are terms used to describe price changes in the stock market and other markets. While traders and analysts ... Read Full Answer >>
  6. What are the nations with the lowest PPP (purchasing power parity) with respect to ...

    Purchasing power parity (PPP) is one of several economic indicators used to compare how much goods cost from country to country. ... Read Full Answer >>

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