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The indirect quote for this would be the inverse 1/1.18 , 0.85 CAD/USD, which means with C$1, you can purchase US$0.85. In the forex spot market, most currencies are traded against the U.S. dollar, and the U.S. dollar is frequently the base currency in the currency pair. In these cases, it is called a direct quote..A currency crisis comes from a decline in the value of a country 's currency. Currency Pair. The quotation and pricing structure of the currencies traded Quote Currency. The second currency quoted in a currency pair in forex. Base Currency. Reciprocal Currency. Dollar Rate. Counter Currency..
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called th .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 .The first currency of a currency pair is called the "base currency", and the second currency is called the "quote currency". The currency pair shows how much of .Better understand Forex quotes and the two things you need to remember to read a forex exchange quote..
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