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What is Base and Quote Currency?

What is Base and Quote Currency?

Answer:- Foreign exchange of Currency market is largest liquidity market all over the world. It implies the exchange of currency pair having own identifying unit. i.e base & quote currency.

If you buy a currency pair, that means if buy the base currency and ultimately you sell the quoted currency so therefore the a buy currency pair defined how much you quote currency ,you need to get one unit of base currency.

If you sell the currency pair that means if you sell the base currency and ultimately you receive the quoted currency so therefore the sell price currency pair defined how much will you get quote currency, after selling one unit of base currency

 

2 Comments

  1. Almeda says:

    I enjoy the report

  2. Micheal says:

    Thanks for the great guide

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