Forex Glossary
Uncovered
Interest Rate Parity – UIP: It is a parity condition which states that the interest rates
difference between two countries is equal to the expected change in exchange
rates between the currencies of the two countries. There exists an opportunity
to make a profit in the absence of this parity.
Universal
Currency Converter: A
program that quickly converts a currency into another currency based on
current exchange rates.
Unsterilized
Foreign Exchange Intervention: It is an attempt made by a country's monetary authorities to influence
exchange rates and its money supply without buying or selling domestic or
foreign currencies or assets.