Currency pair

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Currency pair

Postby doaausef3li » Tue Mar 19, 2019 11:09 pm

Currency pair or also called Pair is always quoted in 2 pairs of currency symbols, such as GBP / USD, USD / JPY, EUR / USD and many more. In the forex trading scheme, you can directly buy one currency and sell another currency at the same time. Here are examples of GBP / USD currency pairs or Pound Sterling with US Dollars.

The first currency listed to the left of the slash ("/") is known as the base currency (in this example, the British pound), while the second on the right is called the counter or quote currency (in this example, US dollar).
سوق العملات
When buying or buying, the exchange rate states how much you have to pay in counter currency units to buy one unit / one point of the base currency. In the example above you have to pay $ 1.2 US dollars to buy 1 Pounds.

When selling, the exchange rate states how many units of counter currency you earn to sell one unit / one point of the base currency. In the example above, you will get $ 1.2 US dollars when selling 1 Pounds.
توصيات العملات
The base currency is the "base currency" to buy and sell one pair (currency pair). If you buy EUR / USD, it means you buy the Euro currency and at the same time sell the USD currency at the same time. Simply like this;

Buy EUR / USD = buy EUR & sell USD
Sell ​​EUR / USD = sell EUR & buy USD
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