How to browse a Forex Quote

Currencies area unit continuously quoted in pairs, like GBP/USD or USD/JPY. the rationale they're quoted in pairs is as a result of, in each interchange group action, you're at the same time shopping for one currency and commercialism another.

GBP/USD forex quote



The first listed currency to the left of the slash (“/”) is thought because the base currency (in this instance, British people pound), whereas the other on the proper is termed the counter or quote currency (in this instance, the U.S. dollar).
When shopping for, the rate of exchange tells you ways a lot of you have got to pay in units of the quote currency to shop for ONE unit of the bottom currency. within the example on top of, you have got to pay one.51258 U.S. greenbacks to shop for one pound.
When commercialism, the rate of exchange tells you ways several units of the quote currency you get for commercialism ONE unit of the bottom currency.

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