Quotation - Trading in FOREX - MUGANFX

QUOTATION

Exchange rates

A currency pair quotation  is the rate agreed by buyer and seller for the trading of such currency pair. A quotation in Forex market is the value of one currency unit expressed in the value of another currency unit.

For example, suppose that the current quotation for EUR/USD currency pair is 1.25. It means that one euro costs 1.25 dollar. Here, EUR is considered a base currency (currency which is bought orsold) and USD is a quote (counter) currency.

Generally, as USD (US dollars) is a reserve currency, it has a role upon the formation of all  currency pairs.

Currency pair quotations are expressed in two values. For example, the quotation for EUR/USD is 1.4207-1.4208. The first value indicates the selling price (Bid), while the second one accordingly indicates the buying price (Ask) of the base currency. MuganFX , unlike others, offers quotation values expressed in five figures after integer.

The prices of base and quote currencies, i.e. difference between Ask and Bid is called a spread. Spreads may differ from currency pairs, subject to the transaction amount and the current market situation.

To be more attractive to customers, MuganFX  offers them lower and more competitive spreads, unlike most Forex brokers.

The following table below provides standard spreads for different currency pairs. One should note that, these standard spreads are basic and may change for a short period subject to temporary fluctuations in the world market and emergency. In these cases, the spreads offered for the transaction are based on the prices set in the world market at that moment. The table also provides the value per item , the leverage ratio and the collateral for the opened position. All the calculations are made per 1 lot.

  

* Value per item for some currency pairs changes subject to the current quotation. For example, as far as the quotation of USDJPY currency pair increases, the value per item gets decreased.

        Margin
Symbol Spred Value per item Spred value Min. account (1:500) Standart account (1:200) Vip (1:100
AUDCAD 17 7.83 0 151.36 378.41 756.82
AUDCHF 23 10.11 0 151.36 378.41 756.82
AUDJPY 13 8.92 0 151.36 378.41 756.82
AUDNZD 15 6.82 0 151.36 378.41 756.82
AUDUSD 1 10 0 151.36 378.41 756.82
CADCHF 20 10.11 0 156.62 391.55 783.09
CADJPY 8 8.92 0 156.62 391.55 783.09
CHFJPY 21 8.92 0 202.2 505.49 1010.99
EURAUD 120 7.57 0 235.82 589.55 1179.09
EURCAD 160 7.83 0 235.82 589.55 1179.09
EURCHF 132 10.11 0 1179.09 2947.73 5895.45
EURCZK 112 4.6 0 353.73 884.32 1768.64
EURDKK 10 0 0 353.73 884.32 1768.64
EURGBP 102 13.22 0 235.82 589.55 1179.09
EURHUF 124 0 0 353.73 884.32 1768.64
EURJPY 84 8.92 0 235.82 589.55 1179.09
EURUSD 61 10 0 235.82 589.55 1179.09
GBPAUD 160 7.57 0 264.49 661.22 1322.44
GBPCAD 180 7.83 0 264.49 661.22 1322.44
GBPCHF 22 10.11 0 264.49 661.22 1322.44
GBPJPY 218 8.92 0 264.49 661.22 1322.44
GBPUSD 228 10 0 264.49 661.22 1322.44
NZDUSD 24 10 0 136.42 341.05 682.1
USDCAD 15 7.83 0 200 500 1000
USDCHF 125 10.11 0 200 500 1000
USDCZK 118 4.6 0 800 2000 4000
USDJPY 80 8.92 0 200 500 1000
USDNOK 129 1.21 0 800 2000 4000
USDTRY 71 2.58 0 200 500 1000
USDZAR 289 0.71 0 200 500 1000
XAUUSD 103 1 0 647.39 1618.48 3236.95