Forex Glossary (V)

Commonly used forex terms and their definitions.

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Value Date - Settlement date of a spot or forward deal.

Value Spot - Normally settlement for two working days from today.

Variation Margin - An additional margin requirement that a broker will need from a client due to market fluctuation.

Volatility - A statistical measure of a market or a security's price movements over time and is calculated by using standard deviation. Associated with high volatility is a high degree of risk.

Vostro Account - A local currency account maintained with a bank by another bank. The term is normally applied to the counterparty's account from which funds may be paid into or withdrawn, as a result of a transaction.


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