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The spot date is day T+1 if the currency pair [1] is USD/CAD, USD/TRY, USD/PHP or USD/RUB. In this case, T+1 must be a business day and not a US holiday. If an unacceptable day is encountered, move forward one day and test again until an acceptable date is found. The spot date is day T+2 otherwise. The calculation of T+2 must be done by ...
The use of atomic clocks, which can measure time extremely accurately, led to the adoption of UTC. This was incorporated into New Zealand law in 1974. In the late 1940s the atomic clock was developed and several laboratories began atomic time scales. A new time scale known as Coordinated Universal Time (UTC) was adopted internationally in 1972 ...
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).
The New Zealand dollar was initially pegged to both the British pound sterling and the United States dollar at NZ$1 = UK£ 1 ⁄ 2 = US$1.40. On 21 November 1967 sterling was devalued from UK£1 = US$2.80 to US$2.40 (see Bretton Woods system ), but the New Zealand dollar was devalued even more from NZ$1 = US$1.40 to US$1.12, to match the value ...
A world clock is a clock which displays the time for various cities around the world. The display can take various forms: The display can take various forms: The clock face can incorporate multiple round analogue clocks with moving hands or multiple digital clocks with numeric readouts, with each clock being labelled with the name of a major ...
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.
French decimal clock from the time of the French Revolution. The large dial shows the ten hours of the decimal day in Arabic numerals, while the small dial shows the two 12-hour periods of the standard 24-hour day in Roman numerals. Decimal time is the representation of the time of day using units which are decimally related.
A binary clock is a clock that displays the time of day in a binary format. Originally, such clocks showed each decimal digit of sexagesimal time as a binary value, but presently binary clocks also exist which display hours, minutes, and seconds as binary numbers. Most binary clocks are digital, although analog varieties exist. True binary ...