What is the value of a Turbo?
The value of a Turbo can be easily calculated on the basis of the following data: • Price of the underlying asset • Level of funding • Exchange rate • Ratio In most cases, the value of the Turbo is equal to the difference between the price of the underlying instrument and the level of financing. If the price of the underlying instrument is too high or too low, the Turbo is assigned a certain ratio. For instance: A Dow Jones Turbo has a ratio of 100. This means that you only invest in 1/100th of the Dow Jones when you buy this Turbo, which implies that the value of the Turbo is only 1/100th of the difference between the price of the underlying asset and the level of funding. In the case of underlying assets that are not denominated in euros, you must also bear the exchange rate in mind. However, all Turbos are listed in euros. A rise in the foreign currency against the euro has a positive impact on the value of your Turbo, and a fall has a negative impact. For a quick calculation of the
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