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In Foreign exchange markets, the base currency is the first currency in a currency pair. The second currency is named the quote currency or counter currency. Currency exchanges are quoted in per unit of the base currency. (Note that FX market convention is the reverse of mathematical convention) The currency market or foreign exchange market is the market where one currency is traded for another. ...
In finance, the exchange rate between two currencies specifies how much one currency is worth in terms of the other. ...
Currently the Euro is the dominant base currency against all other global currencies. As a result all currency pairs traded against the Euro are quoted per EUR 1. e.g the USD - EUR exchange rate will be identified as EUR/USD and quoted as dollars per 1 Euro. The euro (€; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. ...
The currency hierarchy for The Majors is as follows:
Other currencies (The Minors) are generally quoted against one of the major currencies and their cross rates between each other are less well defined. The euro (€; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. ...
GBP may be: short for Game Boy Player the ISO currency code for the British Pound Sterling. ...
Au. ...
The New Zealand dollar (ISO 4217: NZD, sometimes NZ$ and often informally known as the Kiwi dollar) is the official currency of New Zealand, the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. ...
The United States dollar is the official currency of the United States. ...
This article is about computer-aided design. ...
A 1,000 yen note, featuring the portrait of Natsume Soseki. ...
CHF is: The ISO 4217 code for the Swiss franc. ...
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