Is there a single quotes for pair of currencies ?
Why is currency always quoted in pairs ?
- Thread starter anniecalvert
- Start date
Because you have to use another currency to buy a currency, e.g. you can't use USD to buy USD, as each is worth the same, 1 for 1, so there'd be no point. Buy buying a currency makes sense on expectations: so what you buy today can be sold next week for more than you paid.
oky thankyou
this is useful
If you are travelling abroad you might first go to the bank and exchange one currency for another. Or once you arrive at your foreign destination.
In others words how many X do you get for your Y. That is expressed as an exchange (aka trade) rate.
Same thing occurs when you purchase something. Dollars or whatever are exchanged for goods or services.
Basics.
In others words how many X do you get for your Y. That is expressed as an exchange (aka trade) rate.
Same thing occurs when you purchase something. Dollars or whatever are exchanged for goods or services.
Basics.