8

Since Bitcoinica has been released I've been reading a bit about Forex. But i don't know what the superscript number refers to in the price quotes on the front page. How is this number calculated and what does it indicate? Or are they just simply pips?

6

These are indeed pips, according to this comment by Bitcoinica's owner. That is, they are just an extra digit denoting multiplies of 0.00001 USD.

  • I admittedly don't know forex jargon, but what are pips? – Highly Irregular Dec 15 '11 at 0:26
  • Ah, I see it's explained in the linked comment... – Highly Irregular Dec 15 '11 at 0:28
  • @HighlyIrregular I've added an explanation to make the answer stand on its own. – Meni Rosenfeld Dec 15 '11 at 8:49

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.