please tell me what "constant currencies" is
glossary FAQ: glossary.
Ericka N. From Basel, Switzerland
09 January, 2009
An exchange rate that eliminates the effects of exchange rate fluctuations and that is used when calculating financial performance numbers. Companies with major foreign operations often use constant currencies when calculating their yearly performance measures.
For example, consider a French company that sells primarily abroad and sets its prices according to U.S. Dollars. If sales increase 10% in dollar terms, but the dollar fell 5% against the franc during the year, only a 5% increase in sales will be reported in the accounts, unless a constant currency is applied in the calculation. In other words, the use of constant currencies allows companies to show performance unaffected by currency fluctuations. Visit dbFX
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- GCI:
- Established on 2002 as a retail online investment foreign currency exchange service provider, GCI resides at Belize. GCI is regulated by BVI, one of the leading financial regulators in ever.
- Some of GCI's Specs:
- GCI makes an honest effort to keep you in touch with a customer support service and twenty four seven access. Though GCI has a minimum deposit that's not unusually low, GCI provides an exclusive production explanatory interface. So If you're still a beginner, this platform is a very appropriate selection. Understand that psychology plays a vital role in performance focused software. The way I see it, the beauty of a good beginner's interface is in it's ability to make the task at hand feel like a game, and GCI accomplishes just that by simultaneously is efficient and gratifying. GCI's platform is most pleasant. I even I caught my wife raising an eyebrow at it from time to time - and i swear to you, I'm not talking about any foreign currency co nosier now. No but seriously now, you got to be able to decipher what ever it is that's in your account, especially if you want to make any money, that is.. It makes for a pretty fun trade. Whatever your preference Spanish, French, Deutsch or English (or any other of a long list of other languages), you may interface to this multilingual ECN foreign currency exchange trading network efficiently and pleasantly. Know, too, that though you may have held the attitude that you have plenty of web - open baggage on your desktop, this trading platform's download is quick and is conveniently interfaced. Most important, is the extraordinarily reliable server information transfer. Don't fall behind!
- Pluses:
- - Trustworthy Regulator - 24/7 Service - Smart Display - A Cell Phone Friendly Interface
- Minuses:
- - High Minimum Deposit - Confusing Options - Few Options of Currencies
- Short Story:
- There is definitely some serious change passing through. Go for this one.
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