Qatar

The latest business news, company announcements and analysis from Qatar. Keep abreast of the most up-to-date developments in the country's world-leading energy sector, including the Liquid Natural Gas (LNG) industry, the Doha Financial Centre's push to become the region's leading insurance hub, daily trades on the Doha Stock Exchange, and key real estate projects such as the Pearl Qatar, and see how these will affect you and your business.

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Qatar news
ExxonMobile eyes mega petchem complex in Qatar
Qatar: 9 hours, 28 minutes ago
Qatar Petroleum and Exxon Mobil have signed ana agreement to do progress studies for a proposed large-scale petrochemical complex in Qatar, Gulf Times has reported. 'The proposed project would position Qatar very well in the global petrochemical industry,' ExxonMobil senior vice-president Mark W. Albers told the daily. The complex would be located in Ras Laffan.
» Qatar Airways eyes Bombardier's CSeries
» Secondary school students in Qatar to get bus service
» Qatar Airways launches flights to Goa
» Qatar International Cables awards plant deal
» Mitsubishi Qatar promotion to continue
» Qatar's Alfardan offers finance on BMW range
» Qtel Q3 profit up 9%
» New Doha airport to open in 2011
» Qatar to sell 379m Barclays shares

Qatar press releases

Qatar First Investment Bank acquires a landmark building in Doha
Qatar: 5 hours, 11 minutes ago
Qatar First Investment Bank (QFIB) has acquired a landmark building in a prime location in Doha from Al Jazeerah Islamic Company (AJIC), a Qatar based Shari'ah financial solutions provider to house its corporate headquarters.
» QFCRA grants Guardian Wealth Management authorisation to operate in Qatar
» Lagoona takes Action and Young and Rubicam
» Naseba announces honourees for Leaders in Aviation Awards at Doha Aviation Summit 2009
» Vodafone Qatar reaches over 250,000 customers
» Woqod to phase out 48kg LPG cylinder by year end to introduce fixed bulk LPG tanks
» Qatar Airways begins services to Goa
» DIMDEX and RUSI UK/Qatar sign contract to produce Middle East Navy Commanders Conference
» IGTC - Chubb Fire Qatar to stage must-view stand
» Energy sector leaders convene in Doha to discuss world energy challenges
» More press releases
Analysis

Nissan driving sales across MENA
Qatar: Wednesday, October 21 - 2009 at 09:46
Record sales growth across the MENA region in 2008, means that 2009 year end figures for Nissan will be stronger than many other manufacturers. Gilles Normand, Corporate VP, Nissan, talks to Phil Blizzard about their goals and the development of 'green' vehicles.
» QFinance - insurance unhurt by global financial service sector collapse
» QFinance - ethics in banking, the Islamic model
» Ritz-Carlton, Doha buoyant after a soft summer
» Qatar launch for Nissan Maxima and 370Z 2010 models
» QFinance endorsed by PricewaterhouseCoopers vice chairman
» QFinance worldwide launch in Qatar
» Qatar Pearl progress continues
» Akbar Al Baker, CEO, Qatar Airways pt 2
» Akbar Al Baker, CEO, Qatar Airways pt 1
» More Qatar news

Finance and Economy

Get the latest financial and economic news on all the key markets from the Middle East as well as daily round-ups of the day's stock markets and news on Islamic Shariah-compliant monetary vehicles.

Sign up for our weekly finance and economy newsletter

LATEST:
Tasi sees slight decline
Finance and Economy daily news »
Tasi sees slight decline
Saudi Arabia: 4 hours, 9 minutes ago
Saudi Arabia's Tadawul index fell 0.47% to close on 6,532. The energy and utilities sector was the day's best performer, up 1.93%. Overall, 79 stocks declined while 40 ended higher.
» Abu Dhabi stocks fall, led by ADCB
» Dubai index ends lower
» 90% of UAE firms to raise salaries in '10, finds survey
» UAE to increase spending in 2010
» Zurich launches insurance business in Dubai
» Prudential to launch sharia funds in Dubai
» Saudi stocks rise
» DFM sees strong gains
» ADX rises again
» More Finance and Economy news...

Finance and Economy press releases

Hewitt Associates Middle East study reveals salary increase stands at 7.9%, freeze drops to 14% in 2010
United Arab Emirates: 4 hours, 8 minutes ago
Hewitt Associates, a global human resources consulting firm announced that the average salary increase planned for 2010 by Middle East organizations stands at 7.9%. In 2009, these organizations had given an increase of 6.9%.
» QFCRA grants Guardian Wealth Management authorisation to operate in Qatar
» Hawkamah and OECD 4th annual gathering to tackle corporate governance in Mena
» Expert examines global financial crisis and repercussions on UAE at Dubai School of Government event
» DQG signs a strategic partnership with FDF
» DIFC to promote increased UAE-India trade and investment at its first business conference in the...
» The Middle East Forex Award 2009 to honor industry's best online trading companies
» Bahrain Insurance Association hosts upcoming Sixth Annual Gulf Insurance Forum
» Abdulla Al Gurg named Group General Manager of Easa Saleh Al Gurg Group of Companies
» UAE government approves Dhs43.6bn, zero-deficit federal budget for 2010

Executive motoring

From reviews of the latest models to updates from the latest trade exhibitions, get up to speed with the latest automotive news and updates.

Sign up for our weekly executive motoring newsletter

LATEST:
Gargash Enterprises bolsters s |
Executive Motoring daily news »
New Subarus launched in Kuwait
Kuwait: 10 hours, 35 minutes ago
The all-new models of the Subaru Legacy 2010 and Subaru Outback 2010 have been launched in Kuwait by Mohammed Saleh and Reda Yousef Bahbehani Co. The new 2010 Subaru Outback delivers enhanced performance, comfort and economy with the introduction of all new chassis and the new Subaru Lineartronic CVT (continuously variable transmission). The Legacy line for 2010 will offer two level of performance; the Legacy 2.5i powered by a revised 167-horsepower 2.5 liter fou-Ücylinder Boxer engine, and the 2.5GT-S model which makes a leap in performance for 2010.
» Korean car exports to Mideast surge
» Mitsubishi Qatar promotion to continue
» Qatar's Alfardan offers finance on BMW range
» Nissan moots shipping US-made cars to MidEast
» G-Power X5 Typhoon on sale in UAE
» Goodyear inks deal with AW Rostamani
» Nissan unveils two new models
» New Audi Q7 tops sales at Audi Abu Dhabi
» Rolls Royce 'Ghost' on sale in Saudi
» More Executive Motoring news...

Executive Motoring press releases

All-new 2011 Infiniti M to offer innovative Forest Air system
United Arab Emirates: 7 hours, 56 minutes ago
Infiniti is making driving in the urban jungle a little more tolerable, with a breath of fresh air. The all-new 2011 Infiniti M will be equipped with the option extra of a newly-developed climate control system that emulates the air of the natural environment - 'Forest Air'.
» Suzuki Swift 2010 at Jeddah Motor Show 2009
» Temsa Global launches first branch in Qatar in cooperation with Al Mana Automobiles
» Qatar Automobiles Company extends value promotion on Mitsubishi vehicles
» Sixt Rent A Car and Karkour Trading sign contract to supply Aidi A4 fleet
» Sunprotech launches VentureShield paint protection in the UAE
» Record breaking G-Power exclusively available at Abu Dhabi Motors
» Jaidah Automotive launches promotion for Chevrolet
» New 2010 Ford Taurus elevates craftsmanship in design, details and manufacturing
» Arabian Automobiles introduces two Nissan models in its showrooms

Energy, oil and gas

As the increasing price of oil, gas and other commodities affects businesses and economies around the world, make sure that you get the latest energy, oil and gas news and developments.

Sign up for our weekly energy, oil and gas newsletter

LATEST:
Power Generation and _
Energy, oil and gas daily news »
Jordan's energy needs cost $18bn, says minister
Jordan: 10 hours, 40 minutes ago
Jordan's minister of energy and mineral resources has said that the kingdom needs to invest $18bn in various sectors to meet the growing demand of energy in the country by the end of 2020, Petra news agency has reported. Cost of energy in the kingdom last year had amounted to JD2.765bn, compared to JD1.153bn in 2004, representing more than 21% of GDP at current prices, compared to 14.5% of GDP in 2004, the minister said.
» OPEC may boost oil output in Dec, says president
» Aramco gas plant to start soon in Saudi
» Jordan, BP ink gas exploration deal
» Abu Dhabi closes LNG plant for maintenance
» DIFC: GCC oil reserves worth $18trn
» Saudi extends Jizan bid deadline
» Petromin blending plant set for mid-2010
» Saudi fuel oil sells at lower discount in Nov lift
» Hanwha to carry out Samra plant expansion
» More Energy, oil and gas news...

Education

The economic growth of the Middle East is placing even greater importance on the education sector, with competition between colleges and universities for students intensifying. With world renowned institutions also looking to establish a presence in the region, education has become a vital component of the region's economic future.

Sign up for our weekly education newsletter

LATEST:
Getex Autumn 2009 opens with over 75 international universities
Education daily news »
RIT Dubai to launch new undergraduate programmes in 2010
United Arab Emirates: 10 hours, 51 minutes ago
The Rochester Institute of Technology (RIT) Dubai has revealed plans to expand its portfolio by launching undergraduate programmes in engineering, business and computing by September 2010. RIT Dubai currently offers post-graduate studies and advanced certificate courses in selected fields.
» Secondary school students in Qatar to get bus service
» Honeywell teams up with King Faisal University
» IED launches executive coaching programme
» Saudi requires higher education teachers license
» Horizon launches aviation business admin Diploma
» Bahraini schools warned on fee hikes
» More Emiratis choosing private schools
» Masdar Institute teams up with Zayed University
» Elementary schools reopen in Saudi
» More Education news...

Education press releases

Education Minister to open GCC Learning Disability Conference
United Arab Emirates: 5 hours, 44 minutes ago
Mr. Humaid Mohammed Al Quttami, UAE Minister of Education will open the 3rd GCC Learning Disability Conference on Wednesday, 28 October at JW Marriott Hotel, Dubai.
» Institute of Vocational Development becomes largest BTEC provider in Gulf region
» R. I. T. Dubai launches new undergraduate programs in 2010
» Institute for Executive Development responds to demand for executive coaching
» Dubai School of Government signs MoU with Arab Administrative Development Organization
» Alhosn's academic programs and student projects impress 2009 Najah education, training and career expo...
» Seminars and counselling sessions planned to help students make informed career and academic choices
» Sheikh Mohammed bin Saud Al Qasimi presents certificates to participants of Nanotechnology course at...
» Qatar's K-Net wins 'Best Education Implementation of the Year'
» Paris-Sorbonne University Abu Dhabi takes part in Najah 2009
Video Features »

Aviation

Providing a gateway to the Middle East, aviation is the boom industry in the region. With growing numbers of passengers heading to the Middle East for both business and leisure, see how the latest aviation news and developments affect you and your business.

Sign up for our weekly aviation newsletter

LATEST:
Naseba announces honourees for Leaders in Aviation Awar_
Aviation daily news »
Emirates launches service to Luanda, Angola
United Arab Emirates: 11 hours, 22 minutes ago
Emirates Airline has launched new non-stop service to the capital of oil-rich Angola. The new service to Luanda will leave on Tuesday, Thursday and Sunday using an Airbus A330-200. This new route marks the 18th destination in Africa for Emirates.
» Qatar Airways eyes Bombardier's CSeries
» Sama to relaunch flights to Sharjah
» Gulf Air in talks on plane orders
» Qatar Airways launches flights to Goa
» Sudan carrier banned from UAE following crash
» IATA: Worst over for airlines
» Gulf Air union protests management pay rise
» Boeing posts quarterly loss
» Six killed in Sharjah airplane crash
» More Aviation news...


Aviation press releases

Gulf Air completes Iraq triple
Bahrain: 4 hours, 20 minutes ago
Gulf Air, the national carrier of the Kingdom of Bahrain, has commenced services to Erbil, in Northern Iraq. The airline will operate three flights per week to Erbil, which is the capital of the Kurdistan region of Iraq and one of the fastest growing commercial cities in Iraq. Erbil is the third destination in Iraq that Gulf Air now flies to from its Bahrain hub following the launch of services to Baghdad and Najaf in September.
» Dubai Airshow receives royal inspection of new exhibition hall
» Naseba announces honourees for Leaders in Aviation Awards at Doha Aviation Summit 2009
» Jazeera Airways announces increased frequencies as part of 2009 winter schedule
» Two Japan destinations to launch in first quarter 2010
» Qatar Airways begins services to Goa
» Emirates serves key African oil nation as flights to Luanda come on stream
» Doha Aviation Summit to gather leaders in aviation under the "Aviation vision for limitless skies" theme
» RAK Airport welcomes European tour operators
» RAK International Airport's new radar goes live
Video Features »

» 11th Dubai Airshow displays growth

» Soaring growth of Dubai Airshow

» Emirates airline rewards business

» GECAS agrees $320m finance deal for Flydubai

» Kingfisher debut flights to Dubai from India
Audio Features »

» Emirates A380 celebrates at Birmingham Airport

» Gulf airlines offer new routes and enhancements

» Emirates A380 first anniversary - economic slowdown,...

» Emirates A380 first anniversary - New York, London...

» Akbar Al Baker, CEO, Qatar Airways pt 2
Analysis

Emirates A380 Business Class - London to Dubai
United Arab Emirates: Wednesday, February 04 - 2009 at 09:33
All men are still boys at heart and AME Info is no different. So, when the Emirates website showed that the cheapest pairing of flights for a trip to London included an overnight leg on the almost brand new A380, our heart started to beat a little quicker and our credit card was found faster than an A380 accelerating down the runway.
» Review: Business Class lounge, Royal Jordanian
» Al Jaber launches ultra luxury charter service
» Review: Emirates Airbus A380
» Saudi Arabian Airlines sets privatisation strategy
» Middle East spends big at Farnborough Air Show
» Low-cost carriers fly high in the Gulf
» High fuel prices begin to take toll on Gulf carriers
» Syria, UAE boost air traffic between them
» Mega airports to take centre stage
Special reports
» Emirates' A380 delivery flight
Event microsites
» Dubai Airshow

Forex Account Types

ICTS Forex

The ICTS Forex Account is ideal for traders wishing to trade currencies and other major financial products with a low minimum transaction size and lower account opening minimum.

* $2,000 To open
* 10,000 Currency units per lot
* Currencies, Equity Indices,
Crude Oil, and Metals
* 2 pip spreads
* ICTS trading software

Open A Live Account
Free Practice Account
More Details...





MetaTrader

The MetaTrader Account offers a wider product range and the MetaTrader software platform. While default lot sizes are 100,000 currency units, traders can select as little as 0.10 lots to transact. Unlimited charting and programmable trading signals are among the features offered in GCI's MetaTrader account.

* $2,000 To open;
$25,000 for lowest spreads
* 100,000 Currency units per lot;
fractional lot capability
* Currencies, Equity Indices,
Crude Oil, Metals, and Shares
* 1 to 2 pip spreads
* MetaTrader software
* "No Dealing Desk" instant execution in major currencies. No requotes or delays.

CFD/Share Trading

CFDs are an efficient means of trading shares, indices, commodities, and currencies. Find out why GCI is a global leader:

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All trading is commission-free with up to 400:1 leverage
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Free trading software with live charts and streaming quotes
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Trade shares, indices, commodities and currencies (click for a full list)
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Mobile Phone / PDA trading capability
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Test trade with all products and live prices on a Free practice account

Free Practice Account Sign Up


CFDs Explained

The "CFD", or "Contract for Difference", was developed to allow clients to receive all the benefits of owning a stock without having to physically own the stock itself. For example, instead of purchasing 1,000 shares of Microsoft from a stock broker, a client could instead buy a 10 lots of Microsoft on the GCI CFD trading platform. A $5 per share rise in the price of Microsoft would confer to the client a $5,000 profit, just as if he had purchased the actual shares that are traded on the exchange. A major difference is that there are no exchange fees and many of the inefficiencies of trading the underlying shares on the exchange are eliminated. GCI can therefore offer CFDs with zero commissions and very attractive margin requirements. CFDs have grown in popularity dramatically over the past few years, and we believe that this will increasingly be the preferred way to trade the financial markets.

The other major benefit of trading a CFD is the fact that the client can trade on margin. CFD trading means clients can trade a full portfolio of Shares, indices, or commodities without having to tie up large amounts of capital. Using the example above, a client purchasing $50,000 worth of CFD Shares will only be asked for $2,500 margin.

CFD Performance

As with Shares, CFD investors benefit from normal market movements. Clients' open positions are valued in real time, with every tick of the market. Profits or losses similarly are credited to or debited from the clients account equity in real time.

Margin

Unlike physically purchasing stocks, clients only have to deposit approximately 5% of the value of the Shares. So if you want to buy $50,000 worth of Shares, you only need to have $2,500 on deposit with GCI.

Margin Requirements and Policies

GCI's margin requirements are the most advantageous in the industry:

ICTS Forex Account: $25 per lot on all instruments. Equivalent to approximately 0.25% margin or 400:1 leverage.

CFD/Share Account: 5% on individual shares, $25 per lot on indices and other instruments. Click here for exact margin requirements on each product.

MetaTrader Account: $250 per lot on Forex, $25 per 0.1 lots. Equivalent to approximately 0.25% margin or 400:1 leverage. 5% on individual shares. About 1% for indices and commodities. Click here for exact margin requirements on each product.

GCI is able to maintain these low margin requirements by enabling automatic liquidation of positions once a margin call is reached. This policy also provides for the protection of client account balances in the event of rapid price movements.

A margin call is reached if a client's account equity falls below the required margin. For example, in an ICTS Forex account, if a client has 10 lots of open positions a margin call will occur if account equity drops below $500. At this point, some or all of the client's open positions will be closed immediately at current prices.

Traders are also able to monitor both usable margin and used margin in real-time from the "Account Information" window of the online trading platform. Positions will be automatically closed once usable margin drops below zero.

Walk through an example...

GCI encourages clients to avoid margin calls by either using stop loss orders or maintaining adequate funds in the account relative to position size.

Introducing Brokers

GCI offers an outstanding opportunity to qualified introducing brokers ("IBs"). Our IB program supports brokers, traders and industry participants in creating or enhancing a lucrative Forex or Share Trading business. Advantages of introducing business to GCI include:



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Outstanding compensation based on trading volume. Many companies and individuals have built lucrative IB businesses with GCI, enjoying the benefits of monthly revenue payments while letting GCI manage the expense and maintenance of back office systems, trading software, and 24 hour dealing. And for IBs with an existing business, we will exceed your current compensation schedule if you move your business to GCI.
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Reliable monthly payments from an industry leader. GCI depends on Introducing Brokers for a large part of its trading volume. As such, we highly value all our IB relationships and have considerable administrative resources dedicated to making sure you are paid on time and in full.
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Refer accounts to GCI or Build Your Own Brand. Whether referring clients to GCI and letting us do the account opening work, or taking advantage of our "white label" version of the internet trading platform branded with your company logo, IBs can build their business in the way that best suits their client base and their goals.
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A superior product to offer your clients. No one else can match GCI's breadth of product offerings and low margin requirements. While many FCMs and brokers now offer online trading with narrow spreads and zero commissions, your clients will also benefit from being able to trade precious metals, indices, and share CFDs along with Forex. 200:1 leverage on all of these products makes GCI the clear choice and ensures that your clients will not easily be "lured" to competing brokers or IBs.
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Advanced and secure online reporting. With GCI, you can more effectively manage your marketing process and expected monthly IB payment - login any time to GCI's online reporting system to run reports on your clients' trading activity, and to view their account details.
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Regulated broker. GCI is one of the top firms in the retail online trading industry, with a reputation for rigorous money control policies and separate accounts for client funds, and regulated by the International Financial Services Commission (IFSC). The IFSC's strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients.
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Managed Accounts/Trading Managers. Introducing brokers who manage clients' accounts or refer clients to a trading manager can also benefit from GCI's IB program. IBs with managed account clients can enhance their monthly remuneration from GCI by earning a round-turn commission and/ or profit-sharing fee, both of which can be specified in a client's Limited Power of Attorney.
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Ease of account funding. We believe it is important to make it as easy as possible for you clients to open and fund a trading account. GCI accepts funds via bank wire transfer, major credit card, and Moneybookers.

If you are interested in being an Introducing Broker for GCI, please complete and submit the below form. This will allow us to reply to you promptly with relevant information, and to get your IB relationship with GCI started as quickly

The GCI Advantage

Why trade with GCI? Our mission is to offer clients the best combination of advanced trading software, low costs and low margin requirements, efficient and secure back office fund administration, and a broad array of products with high profit potential. Advantages of opening a live account include:

Zero commissions. Client trading performance is enhanced by eliminating all commissions and fees.

Superior trading software. The GCI trading software provides real-time prices in all major currencies, market indices, shares, and commodities. Customers can choose from a Windows-based or Java-based version, and have access to mobile phone trading as well real-time charts and market news. Click here to download a free demo.

Product Offerings. In addition to Forex, GCI offers trading in indices, shares, and commodity CFDs.

Hedging Capability. Clients can open positions in the same instrument in opposite directions, without the positions offsetting and without using additional margin. Clients have complete control over whether they close or hedge their positions to reduce risk.

Rapid and fair trade execution. Market orders are confirmed within seconds at prices clicked on or accepted by the client. GCI also has a "zero slippage guarantee" for all Forex Stop and Entry Stop orders.

Low margin requirements. GCI provides access to Forex, share, and index trading with margin requirements of 0.5% on Forex, 1% on Share Indices, and 5% on individual shares.

Safety of Funds. Client funds are insured and maintained in separate accounts. Furthermore, GCI is regulated by the International Financial Services Commission (IFSC) for trading in financial and commodity-based derivatives and other securities, including foreign exchange. Please see funds for further details.

Client Service. GCI's professional staff is available 24 hours a day to answer questions and provide assistance. Our dealers can be accessed at all times via Live Chat, and our technical and administrative support is second to none.

Fast and Efficient Back Office. GCI prides itself on speed and efficiency of both opening new accounts and processing client withdrawals. Accounts can be funded via bank wire transfer, major credit card, or PayPal. We have also established multiple global fax numbers for our clients' convenience and have a staff dedicated to making administration of your account fast, efficient, and secure.

Risk is limited to deposited funds. GCI's sophisticated margin and dealing procedures mean that clients can never lose more than their funds on deposit.

Tools for successful trading. GCI clients benefit from a wide array of resources to improve their trading results, including market analysis and research, real-time charts, and free Forex trading signals.

Regulated broker. GCI is regulated by the International Financial Services Commission (IFSC). The IFSC's strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients.


Click here to try a Free Demo Account...

Click here to open a Live Account...

Leaders in Forex Trading

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Trade over 20 currencies, Gold, and S&P 500 - all with zero commissions and 0.25% margin requirement...

Trade Shares on 5% Margin

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Trade North American, European, and Asia/Pacific shares and indices online, commission free...


mobile trading
© 2006 GCI Financial Ltd. All rights reserved. | Home page | Open an Account | Contact GCI | Risk Disclaime

Forex Glossary Terms

American-style option An option contract that may be exercised at any time before it expires.

Ask The quoted price at which a customer can buy a currency pair. Also referred to as the 'offer', 'ask price', or 'ask rate'.

Base Currency For foreign exchange trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. For example, in a USD/JPY currency pair, the US dollar is the base currency. Also may be referred to as the primary currency.

Bid The quoted price where a customer can sell a currency pair. Also known as the 'bid price' or 'bid rate'.

Bid/Ask Spread The point difference between the bid and ask (offer) price.

Call A call option gives the option buyer the right to purchase a particular currency pair at a stated exchange rate.

Counterparty The counterparty is the person who is on the other side of an OTC trade. For retail customers, the dealer will always be the counterparty.

Cross-rate The exchange rate between two currencies where neither of the currencies are the US dollar.

Currency pair The two currencies that make up a foreign exchange rate. For example, USD/YEN is a currency pair.

Dealer A firm in the business of acting as a counterparty to foreign currency transactions.

Euro The common currency adopted by eleven European nations (i.e., Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain) on January 1, 1999.

European-style option An option contract that can be exercised only on or near its expiration date.

Expiration This is the last day on which an option may either be exercised or offset.

Forward transaction A true forward transaction is an agreement that expects actual delivery of and full payment for the currency to occur on a future date. This term may also be used to refer to transactions that the parties expect to offset at some time in the future, but these transactions are not true forward transactions and are governed by the federal Commodity Exchange Act.

Interbank market A loose network of currency transactions negotiated between financial institutions and other large companies.

Leverage The ability to control large dollar amount of a commodity with a comparatively small amount of capital. Also known as 'gearing'.

Margin See Security Deposit.

Offer See ask.

Open position Any transaction that has not been closed out by a corresponding opposite transaction.

Pip The smallest unit of trading in a foreign currency price.

Premium The price an option buyer pays for the option, not including commissions.

Put A put option gives the option buyer the right to sell a particular currency pair at a stated exchange rate.

Quote currency The second currency in a currency pair is referred to as the quote currency. For example, in a USD/JPY currency pair, the Japanese yen is the quote currency. Also referred to as the secondary currency or the counter currency.

Rollover The process of extending the settlement date on an open position by rolling it over to the next settlement date.

Retail customer Any party to a forex trade who is not an eligible contract participant as defined under the Commodity Exchange Act. This includes individuals with assets of less than $10 million and most small businesses.

Security deposit The amount of money needed to open or maintain a position. Also known as 'margin'.

Settlement The actual delivery of currencies made on the maturity date of a trade.

Spot market A market of immediate delivery of and payment for the product, in this case, currency.

Spot transaction A true spot transaction is a transaction requiring prompt delivery of and full payment for the currency. In the interbank market, spot transactions are usually settled in two business days. This term may also be used to refer to transactions that the parties expect to offset or roll over within two business days, but these transactions are not true spot transactions and are governed by the federal Commodity Exchange Act.

Spread The point or pip difference between the ask and bid price of a currency pair.

Sterling Another term for British currency, the pound.

Strike price The exchange rate at which the buyer of a call has the right to purchase a specific currency pair or at which the buyer of a put has the right to sell a specific currency pair. Also known as the 'exercise price'.

International Forex Rates

US Dollar (USD) Exchange Rates As on Fri, Aug 21 2009, 23:49 GMT

Select Date and Base Currency
Base Currency
Date No. of Decimal Digits
Major Currencies
Currency Symbol Units per USD USD per Unit
Australian Dollar AUD 1.1985 0.8344
Canadian Dollar CAD 1.0826 0.9237
Euro EUR 0.6982 1.4323
Japanese Yen JPY 94.9668 0.0105
Pakistan Rupee PKR 82.9 0.0121
U.A.E Dirham AED 3.6732 0.2722
UK Pound Sterling GBP 0.6057 1.651
US Dollar USD 1 1

Other Currencies
Currency Symbol Units per USD USD per Unit
Afghanistan Afghanis AFN 49.6598 0.0201
Albania Leke ALL 92.12 0.0109
Algeria Dinars DZD 72.93 0.0137
Argentina Pesos ARS 3.8485 0.2598
Bahamas Dollars BSD 1 1
Bahrain Dinar BHD 0.377 2.6523
Bangladesh Taka BDT 68.95 0.0145
Barbados Dollars BBD 2 0.5
Bermuda Dollars BMD 1 1
Brazil Reais BRL 1.8305 0.5463
Bulgaria Leva BGN 1.3643 0.733
CFA BCEAO Francs XOF 457.9892 0.0022
CFA BEAC Francs XAF 457.9892 0.0022
Chile Pesos CLP 546.15 0.0018
China Yuan CNY 6.8323 0.1464
Colombia Pesos COP 1998 0.0005
Comptoirs Francais du Pacifique Francs XPF 83.3174 0.012
Costa Rica Colones CRC 582.05 0.0017
Croatia Kuna HRK 5.0992 0.1961
Czech Republic Koruny CZK 17.775 0.0563
Danish Krone DKK 5.1968 0.1924
Dominican Republic Pesos DOP 36.025 0.0278
East Caribbean Dollars XCD 2.635 0.3795
Egypt Pounds EGP 5.5445 0.1804
Estonia Krooni EEK 10.9245 0.0915
Fiji Dollars FJD 1.9939 0.5015
Hong Kong Dollar HKD 7.7509 0.129
Hungary Forint HUF 187.25 0.0053
Iceland Kronur ISK 127.69 0.0078
IMF Special Drawing Rights XDR 0.639 1.565
Indian Rupee INR 48.43 0.0206
Indonesia Rupiahs IDR 10005 0.0001
Iran Rials IRR 9938 0.0001
Iraq Dinars IQD 1153.55 0.0009
Israel New Shekels ILS 3.8143 0.2622
Jamaica Dollars JMD 87.95 0.0114
Jordan Dinars JOD 0.709 1.4104
Kenya Shillings KES 76.25 0.0131
Kuwaiti Dinar KWD 0.2868 3.4863
Lebanon Pounds LBP 1503.5 0.0007
Malaysian Ringgit MYR 3.5235 0.2838
Mauritius Rupees MUR 31.8071 0.0314
Mexico Pesos MXN 12.8242 0.078
Morocco Dirhams MAD 7.9038 0.1265
NewZealand $ NZD 1.4651 0.6825
Norwegians Krone NOK 5.999 0.1667
Omani Riyal OMR 0.385 2.5971
Peru Nuevos Soles PEN 2.95 0.339
Philippines Pesos PHP 48.185 0.0208
Poland Zlotych PLN 2.8661 0.3489
Qatari Riyal QAR 3.6415 0.2746
Romania New Lei RON 2.9477 0.3393
Russia Rubles RUB 31.65 0.0316
Saudi Riyal SAR 3.7503 0.2666
Singapore Dollar SGD 1.4396 0.6946
South Africa Rand ZAR 7.837 0.1276
South Korea Won KRW 1245.8 0.0008
Sri Lanka Rupees LKR 114.85 0.0087
Sudan Pounds SDG 2.4595 0.4066
Swedish Korona SEK 7.0572 0.1417
Swiss Franc CHF 1.0585 0.9447
Taiwan New Dollars TWD 32.867 0.0304
Thai Bhat THB 34.1297 0.0293
Trinidad and Tobago Dollars TTD 6.15 0.1626
Tunisia Dinars TND 1.3184 0.7585
Turkey New Lira TRY 1.4862 0.6729
Venezuela Bolivares Fuertes VEF 2.15 0.4651
Vietnam Dong VND 17810 0.0001
Zambia Kwacha ZMK 4837 0.0002

Pakistan Open Market Forex Rates

As on Sat, Aug 22 2009, 11:04 PST (GMT+5)
Select Date

Date



Remittance Symbol Buying Selling Charts
US Dollar DD USD-DD 82.6 83.3
US Dollar TT USD-TT 82.6 83.3



Currency Symbol Buying Selling Charts
Australian Dollar AUD 67.6 68.6
Bahrain Dinar BHD 218.25 221
Canadian Dollar CAD 75.1 76.1
China Yuan CNY 12 13.5
Danish Krone DKK 15.7 16
Euro EUR 117 118.5
Hong Kong Dollar HKD 10.55 10.9
Indian Rupee INR 1.7 1.8
Japanese Yen JPY 0.88 0.89
Kuwaiti Dinar KWD 284.4 287
Malaysian Ringgit MYR 23 24.5
NewZealand $ NZD 55.2 56.2
Norwegians Krone NOK 13.55 14
Omani Riyal OMR 213.85 217
Qatari Riyal QAR 22.6 22.9
Saudi Riyal SAR 21.85 22.1
Singapore Dollar SGD 56.7 57.7
Swedish Korona SEK 11.4 11.8
Swiss Franc CHF 77.25 78.25
Thai Bhat THB 2.4 2.6
U.A.E Dirham AED 22.45 22.7
UK Pound Sterling GBP 135.5 137.6
US Dollar USD 82.7 83.1