GBP / USD
Base / Quote
In exchange two currencies are traded, if you "buy" on the GBP / USD pair are finally buying choice (sterling) and the sale of dollars (our dollars). So, in order of Pound sell and buy dollars "sell" the same pair. Currency on the left is the base currency, and that the right is the quote currency. The base currency is reflected in the trend chart and quote currency is what the exchange rate is quoted in (for example: GBP / USD quote of 2.0022 tells you what it takes to $ 2.0022 U.S. Dollar 1 unit of Pound) . One of the key pair is any pair crossed the U.S. dollar, and the cross pair is considered a non-US pairs.
Thursday, May 26, 2011
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