Closing Market Rate
Closing market rate is the rate at which a financial instrument is traded at the end of a trading day. It is the last price at which a security is traded during the day. It is also known as the closing price or the end of day price. The closing market rate is used to calculate the net asset value (NAV) of a fund or portfolio. It is also used to calculate the performance of a security or portfolio over a certain period of time.
History of Closing Market Rate
The concept of closing market rate has been around since the early days of stock trading. In the past, the closing market rate was determined by the last trade of the day. This was done by the exchange floor traders who would agree on a price and then close the market. This was known as the closing bell. Today, the closing market rate is determined by the last trade of the day, but it is also influenced by the volume of trades and the overall market sentiment.
Table of Comparisons
| Date | Closing Market Rate |
|---|---|
| 1/1/2020 | $100 |
| 2/1/2020 | $105 |
| 3/1/2020 | $110 |
Summary
Closing market rate is the rate at which a financial instrument is traded at the end of a trading day. It is the last price at which a security is traded during the day and is used to calculate the net asset value (NAV) of a fund or portfolio. It is also used to calculate the performance of a security or portfolio over a certain period of time. For more information about closing market rate, you can visit websites such as Investopedia, Bloomberg, and Yahoo Finance.
See Also
- Opening Market Rate
- Intraday Price
- Net Asset Value (NAV)
- Market Capitalization
- Price-to-Earnings Ratio (P/E Ratio)
- Price-to-Book Ratio (P/B Ratio)
- Dividend Yield
- Earnings Per Share (EPS)
- Return on Equity (ROE)
- Return on Investment (ROI)
