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VaR at 95% Confidence Level = 146 pips.
Over the past 9 months, 3 weeks, 5 days, 5 hours, 55 minutes and 40 seconds, 95% of 1 day periods, price movement was less than 146 pips.
In other words, there was a 5% chance that price moved more than 146 pips in the last 9 months, 3 weeks, 5 days, 5 hours, 55 minutes and 40 seconds.
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