Resolved Question
Explain this terminology
Explain this terminologies as regard to forex calendar:
3rd quarter,QoQ,MoM,YoY.
over 2 years ago
Best Answer - Chosen by Voters
3rd Quarter: Means figures or data related to the third quarter of the year, ie Jul-Sept.
QoQ: Quarter on Quarter = Means figures or data sets related to the change in data from one quarter to the next
MoM: Month on Month = Means figures or data sets related to the change in data from one month to the next
YoY: Year on Year = Means figures or data sets related to the change in data from one year to the next
over 2 years ago
Answers (1)
To add to pipthepip's answer, when it means month on month, it normally refers to the month on month change. For example, if a retail sales report shows a figure of 1.5% for the month of June, it means that sales grew by 1.5% from May to June. The same is true for year on year figures - if the report shows growth of 1.5%, it means that retail sales grew by 1.5% from levels a year ago.
over 2 years ago
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