Forex Glossary - P -

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Parity: A currency in parity with each other is when the value of one currency = value of the other currency = 1.

Pegged: Is referred to as the date a dividend or bond interest is meant to be paid.

Pip: The term used to describe a minimum fluctuation or smallest increment of price movement in the foreign exchange world.

Price Transparency: The ability for both buyer and seller in the market to know the price and have equal access to information pertaining to the market.

Prime Rate: Rate that commercial banks charge customers, which is based purely on the discount rate.

Principal Value: Initial amount of money invested by client.