Quotes of the course determines the ratio of one currency to another course. The first figure is the base currency, ie currency in relation to which there is a comparison of the rates of other currencies. The second - always one, is determined by the exchange. Central, the most widely used currency for most foreign exchange markets the U.S. dollar, therefore it is taken for the base currency in most of the quotations. So, for example, refer to the quotation Japanese currency: USD / JPY, Canada - USD / CAD. Such designations can often be seen not only in Forex, but in most commercial banks. If you are seeing on screen quote USD / JPY is equal to one hundred twenty (120.00), which means that one U.S. dollar is equivalent to the sum of 120 Japanese yen. In this regard the increasing importance of quotes will mean growth in the dollar and depreciation of the currency being compared to him. For example, if the value is the same quote USD / JPY will be higher - 125.40, the dollar becomes stronger against the Japanese currency as well as for the same dollar can buy more yen. In the case of the British currency (British pound, designated GBP - Great Britain Pound), the quotation will return the form, for example - GBP / USD. Here, accordingly, the pound is the base currency, therefore, quote 1.92 GBP / USD would mean that one British pound equal to the sum of $ 1,92 US. By the same rule defined quotes Australian dollar (AUD) and beloved in recent Euro (EUR). Quotes of the currency will also have all kind of AUR / *** and EUR /***.
The three pairs at higher values quotes, the dollar will weaken against the currencies being compared to him.
In other words, increasing the value of any quotation will always be to strengthen the base currency and the decline of this value will always testify to the contrary.
Quotes by the absence of the U.S. dollar are called cross-currency (example: GBP / JPY), but their principle of not changing.
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