Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

The currency exchange rate a bank quotes, valid with immediate effect.

More terms

Total Return

This is the measurement of a fund’s performance in a specific period.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Diversification

An investment strategy in which money is put into a variety assets.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.
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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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