A deliberate downward adjustment of a currency's value, typically under a fixed exchange rate system. Concepts like this reveal some of the underlying plumbing of the forex market that isn't visible directly on a retail trading screen.
A deliberate downward adjustment of a currency's value, typically under a fixed exchange rate system. Concepts like this reveal some of the underlying plumbing of the forex market that isn't visible directly on a retail trading screen.
It can cause sudden, sharp repricing when it occurs. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.
Historically associated with emerging market currency crises. It shows up in day-to-day trading through price charts, broker platform data, or news commentary, and recognizing it quickly can meaningfully shape decision-making in the moment.
IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
Bangladesh (12)
Germany (9)
Thailand (10)
Philippines (9)
Nigeria (10)
Vietnam (10)
Malaysia (9)
