PYG

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DEFINITION of 'PYG'

In currencies, this is the abbreviation for the Paraguay Guarani.

INVESTOPEDIA EXPLAINS 'PYG'

The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.

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    Engaging in currency swaps often equates to acquiring additional flexibility. Companies can better exploit their comparative ... Read Full Answer >>
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  5. Where did the term 'Nostro' account come from?

    The term "nostro" is Italian in origin. It means "our" or "ours." In accounting and finance, nostro accounts are often differentiated ... Read Full Answer >>
  6. What is the difference between a forward rate and a spot rate?

    The forward rate and spot rate are different prices, or quotes, for different contracts. The forward rate is the settlement ... Read Full Answer >>
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