Big figure

Posted by Scriptaty | 2:30 AM

Dealer expression referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and are omitted in dealer quotes, especially in times of high market activity. For example, a USD/JPY rate might be 107.30/107.35, but would be quoted verbally without the first three digits (i.e., “30/35”).

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