Understanding Forex Quotes

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Understanding Forex Quotes
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A forex quote is the price of one currency in terms of another currency. These quotes always involve currency pairs because you are buying one currency by selling another.

A forex quote is the price of one currency in terms of another currency. These quotes always involve currency pairs because you are buying one currency by selling another. The International Organization for Standardization ( ISO ) develop and publish international standards and have applied this to global currencies. Forex quotes show two currencies, the base currency , which appears first and the quote or variable currency , which appears last.

The price of the first currency is always reflected in units of the second currency. This is unusual as you cannot physically hold fractions of one cent but this is a common feature of the forex market

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Forex Quote Currency Pairs Buying Selling ISO Standards Base Currency Variable Currency Market

 

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