Anyone speak Peso? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Fed Speak 0 replies

Governor Warsh Secretary Paulson Speak - How Do You Trade 0 replies

Fed-Speak 2 replies

Attachments: Anyone speak Peso?
Exit Attachments

Anyone speak Peso?

  • #1
  • First Post: Oct 3, 2006 1:17pm Oct 3, 2006 1:17pm
I am trying to find out the value of a Peso pip.
I also notice that my broker lists the peso to 4 places after the decimal like the euro or the pound. If that is the case then the Peso have a 30 pip spread and moved 800 pips today. LOL

Any Mexican money experts out there?
Profit is where readiness meets Opportunity
  • #2
  • Edited 1:50pm Oct 3, 2006 1:31pm | Edited 1:50pm
I think 1 pip is $0.90 USD
Attached Image
  • #3
  • Oct 3, 2006 1:39pm Oct 3, 2006 1:39pm
Man, I don't know bout' this one. if .0001 is $10 we could have retired off of the move today.

The low: 10.9620
The high: 11.0599 so far

That would be 979 pips

97 pips seems much more logical and reasonable to me. But, again, I don't speak Peso.

Anyone got the answers?
Profit is where readiness meets Opportunity
  • #4
  • Oct 3, 2006 1:51pm Oct 3, 2006 1:51pm
I changed my answer I think 1 lot is 90 cents. It definitely moves in 0.0001 increments.
  • #5
  • Oct 3, 2006 2:02pm Oct 3, 2006 2:02pm
Quoting philmcgrew
I changed my answer I think 1 lot is 90 cents. It definitely moves in 0.0001 increments.
Interesting. So the pip value is about a tenth of most pairs and it moves about 10 times as much. LOL So the 30 pip spread is actually like a 3 pip spread? Does that sound right?
Profit is where readiness meets Opportunity
  • #6
  • Last Post: Oct 4, 2006 8:36am Oct 4, 2006 8:36am
mini=.09 normal = .90

jim
0 traders viewing now