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 Historical currency exchange rates provide the day trader with a historical reference to where a currency pair has traded in relation the currency with which it is paired.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. |
|
Investopedia explains '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. |
Related Definitions
Articles Of Interest
-
Getting Started In Foreign Exchange Futures
Learn how these futures are used for hedging and speculating, and how they are different from traditional futures. -
Getting Started In Forex Options
Stocks are not the only securities underlying options. Learn how to use FOREX options for profit and hedging. -
Commodity Prices And Currency Movements
Find out which currencies are most affected by fluctuations in gold and oil prices, and improve your trading. -
Top 7 Questions About Currency Trading Answered
Whether you're puzzled by pips or curious about carry trades, your queries are answered here. -
Drastic Currency Changes: What's The Cause?
Currency fluctuations often defy logic. Learn the trends and factors that result in these movements. -
Getting Started In Forex
Before entering this market, you should define what you need from your broker and from your strategy. -
A Primer On The Forex Market
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. -
Predict Inflation With The Producer Price Index
Find out how the PPI can be used to gauge the overall health of the economy. -
Trade Forex On Herd Instinct
Use caution and commonsense when making trades according to herd instinct – use stop losses, avoid complacency and plan your exit strategy. -
Trading Is Timing
Learn how to make gains even if you don't get in at the right time.
Free Annual Reports