Big Figure

The first two or three digits of a foreign exchange price or rate. Examples: JPY/USD rate of 111.27/32 the big figure is 108. EUR/USD price of .8158/62 the big figure is .81.

Similar financial terms

Big Four
In the UK, the Big Four refers to the four large clearing banks: Lloyds TSB, Barclays Bank, HSBC and Royal Bank of Scotland.

Big Six
The Big Six referred to the former 6 big accountancy firms: KPMG, PriceWaterhouseCoopers, Ernst & Young, Deloitte & Touche and Arthur Andersen. (Note that there are now only 4, Price Waterhouse having merged with Coopers and Lybrand, and Ernst & Young having taken over most of Arthur Andersen's acconting and tax businesses.)

Big Bang
Big Bang has two different geographical meanings:

A major launch event. "The new product line will be big banged in Q1." (US)

The term applied to the liberalization in 1986 of the London Stock Exchange in which trading was automated with the use of computers. (UK)

Big Board
A nickname for the New York Stock Exchange. Also known as The Exchange. More than 2,000 common and preferred stocks are traded. Founded in 1792, the NYSE is the oldest exchange in the United States, and the largest. It is located on Wall Street in New York City.

Point and figure chart
A price-only chart that takes into account only whole integer changes in price, i.e., a 2-point change. Point and figure charting disregards the element of time and is solely used to record changes in price.

Point-And-Figure
A method of charting which uses prices to form patterns of movement without regard to time. It defines a price trend as a continued movement in one direction until a reversal of a predetermined criterion is met.

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Did you know?

Leveraged equity

Stock in a firm that relies on financial leverage. Holders of leveraged equity face the benefits and costs of using debt.


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