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Such designations can be ambiguous; for example, "CST" can mean China Standard Time (UTC+08:00), Cuba Standard Time (UTC−05:00), and (North American) Central Standard Time (UTC−06:00), and it is also a widely used variant of ACST (Australian Central Standard Time, UTC+9:30). Such designations predate both ISO 8601 and the internet era; in ...
If present, a dagger (†) indicates the usage of a nautical time zone letter outside of the standard geographic definition of that time zone. Some zones that are north/south of each other in the mid-Pacific differ by 24 hours in time – they have the same time of day but dates that are one day apart. The two extreme time zones on Earth (both ...
Time zones of the world. A time zone is an area which observes a uniform standard time for legal, commercial and social purposes. Time zones tend to follow the boundaries between countries and their subdivisions instead of strictly following longitude, because it is convenient for areas in frequent communication to keep the same time.
For a trade with a time to expiry of v days, the expiry date is the day v days ahead of the horizon date (unless it is a weekend or 1 January, in which case the date is rolled forward to a weekday) and for a trade with time to expiry of x weeks, the expiry date is the day 7x days ahead of the horizon date (with the same conditions as above).
The IANA time zone database contains one zone for the United Kingdom in the file zone.tab, named Europe/London. This refers to the area having the ISO 3166-1 alpha-2 country code "GB". The zone names Europe/Guernsey, Europe/Isle_of_Man and Europe/Jersey exist because they have their own ISO 3166-1 alpha-2 but the zone.tab entries are links to ...
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
The most extreme example of this is time in China, which applies a single standard time offset of UTC+08:00 (eight hours ahead of Coordinated Universal Time), even though China spans five geographical time zones. The UTC offset (or time offset) is an amount of time added to Coordinated Universal Time (UTC) time to specify the time at a given ...
For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...