It refers to an additional decimal place in the exchange rate. In the case of non-JPY pairs, we have 1.23456 rather than 1.2345, while in JPY pairs, we have 123.456 rather than 123.45. The last decimal place in such pricing is referred to as a pip fraction or tenth pip.
Cookies
Cookies are small text files placed on your computer that are created by the websites you visit. Cookies are used to improve your user experience, enable functionality on the website, facilitate site security. Fxmerge website use cookies to provide the functionality you need to browse our site correctly. Fxmerge website issue cookies upon visiting our websites, unless the user has changed cookie settings in their browser to refuse cookies. Please note that with cookies switched off, many areas of our website and services will not be made available.
Oct 27, 2022 00:02