Yard
Yard is a financial term used to describe a unit of measurement for trading in the foreign exchange market. It is equal to one billion units of a currency, and is often used to measure the size of a transaction. For example, a transaction of 10 million US dollars would be referred to as 10 yards. The term is also used to refer to the amount of money held by a financial institution in a particular currency.
History of the Term
The term “yard” was first used in the foreign exchange market in the early 1980s. It was initially used to describe the amount of money held by a financial institution in a particular currency. The term was then adopted by traders to refer to the size of a transaction. The term is derived from the British term “milliard”, which is equal to one billion units of a currency.
Comparison Table
| Unit | Equivalent |
|---|---|
| Yard | 1 billion units of a currency |
| Milliard | 1 billion units of a currency |
Summary
Yard is a financial term used to describe a unit of measurement for trading in the foreign exchange market. It is equal to one billion units of a currency, and is often used to measure the size of a transaction. The term is derived from the British term “milliard”, which is equal to one billion units of a currency. For more information about this term, you can visit websites such as Investopedia, Bloomberg, and The Balance.
See Also
- Currency
- Foreign Exchange Market
- Milliard
- Transaction
- Pip
- Lot
- Spread
- Margin
- Leverage
- Currency Pair
