What is a pip, spread and quotation? - Definition and explanation of the terms | bestbrokers.co.uk

In the world of finance, a pip is a unit of change or quotation in an exchange rate for a currency pair. It stands for « Percentage in point » or « Price interest point », depending on whom you ask.

This is a companion discussion topic for the original entry at https://www.bestbrokers.co.uk/definition/pips-spread-quotation.html