Currency pairs definition
A currency pair is quoted against the US Dollar (USD). A currency pair is read as the left quoted currency buying x amount of the right quoted currency.
How to read currency pairs
Any currency is quoted against the US Dollar which is the world’s reserve currency. For example:
USD/AUD = US Dollar vs the Australian Dollar
USD/AUD = 1.4473
This means that one US Dollar (USD) buys 1.4473 Australian Dollars.
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