One of the biggest sources of confusion for those new to the currency market is the standard for quoting currencies. In this section, we'll go over currency quotations and how they work in currency pair trades. Reading a Quote When a currency is quoted, it is done in relation to another currency, so that the value of one is reflected through the value of another. Therefore, if you are trying to determine the exchange rate between the U.S. Dollar (USD) and the Japanese yen (JPY), the forex quote would look like this: USD/JPY = 119.50 This is referred to as a currency pair. The currency to the left of the slash is the currency, while the currency on the right is called the or counter currency. The base currency (in this case, the U.S. Real-time NetDania QuoteList of financial forex exchange rates of Forex Majors including Bid, Ask, Change, High and Low and currency convertor. Barchart.com provides forex quotes for the seven major rates: Australian Dollar, Canadian Dollar, Swiss Franc, British Pound, Euro, US Dollar, and Japanese Yen. During active trading, you will see new price information on the page, as indicated by a 'flash' on the fields with new data. Dollar) is always equal to one unit (in this case, US$1), and the quoted currency (in this case, the Japanese yen) is what that one base unit is equivalent to in the other currency. The quote means that US$1 = 119.50 Japanese yen. In other words, US$1 can buy 119.50 Japanese yen. Real Time Forex QuotesThe forex quote includes the currency abbreviations for the currencies in question. Direct Currency Quote vs. Indirect Currency Quote There are two ways to quote a currency pair, either. A direct currency quote is simply a currency pair in which the domestic currency is the quoted currency; while an indirect quote, is a currency pair where the domestic currency is the base currency. Forex club software. So if you were looking at the Canadian dollar as the domestic currency and U.S.
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