Currency Pairs

Currency  is always a pair or pairs for each forex transaction means you buy one currency and simultaneously selling another currency. For example rate / exchange rate for pair GPB / USD is GPB / USD = 1.8500, then 1 pound is $ 1.85 GBP.
Cross Rate is a currency pair (pair) which do not contain the official currency of a country where the currency is traded, such as forex transactions conducted in the U.S. (the official currency is USD). This means that the currency pairs that do not contain the USD is the cross rate of the USD. Examples are the GBP / JPY, EUR / GBP, etc.. Pair that does not contain the USD and EUR are called euro involve cross like EUR / GBP.
Currency Pair (Pair) consists of 2 different quote currency. Currency which is located on the left is the base currency. as an example the GBP / USD then the GBP is the base currecy. While the USD is the quote currency or counter currency.
An example is the quote EUR / USD 1.2500, where as a base currecy EUR and USD as the quote currency. This means EUR 1 cost $ 1.25.
If the quote moves from EUR / USD 1.2500 to EUR / USD 1.2510, the euro gained and weakened U.S. dollar. Vice versa if the quote moves from EUR / USD 1.2500 to EUR / USD 1.2490, the euro weakened and the U.S. dollar strengthened
Currency Pair Graph (Chart) moves EUR (base) USD (quote) EUR / USD Rise Stronger weakened EUR / USD Down weakened Stronger
When you BUY EUR / USD will mean you buy the base currency (EUR) and at the same time sell the quote currency (USD). If you SELL EUR / USD will mean you sell the base currency (EUR) and at the same time buying the quote currency (USD).
Buy EUR / USD -> Buy EUR / Sell USD Sell EUR / USD -> Sell EUR / USD Buy
Another example:
Pair EUR / USD: To forecast the EUR strengthened against the USD, you can do a BUY EUR / USD For the prediction of USD strengthened against the EUR, you can do a SELL EUR / USD
Pair USD / JPY: For the prediction of USD strengthened against the JPY, you can do a BUY USD / JPY For prediction JPY strengthened against the USD, you can do a SELL USD / JPY
Major Currencies The common major currencies and is often traded in the world is:
State Symbols Currency USD United States Dollars EUR Euro members Euro GBP Great Britain Pound JPY Japan Yen CHF Switzerland Franc CAD Canadian Dollar AUD Australian dollar

Currency Pairs 2011-01-31T16:17:00+07:00 Rating: 4.5 Diposkan Oleh: masterprofit