humayun Posted April 5, 2017 Share Posted April 5, 2017 Forex transactions are quoted in pairs because you are buying one currency while selling another. The price, or rate, that is quoted is the amount of the second currency required to purchase one unit of the first currency. For example, if EUR/USD has an ask price of 1.2327, you can buy one Euro for 1.2327 US dollars. ECNCAPITAL is the reputed and reliable forex broker for currency trading in this industry. Link to comment Share on other sites More sharing options...
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