currency is the counter or" currency. In other words, its the home currency price of 1 unit of foreign currency. In the USD/JPY pair, the US Dollar is the base currency and the Yen is the" currency. Illustration 2 : Column 1 gives the nature of the" for the currency named in column 3 in the city named in column. For the sake of simplicity, most of the time the US Dollar is called the Foreign Currency, so for the majors we have the following: Direct Currencies, uSD/JPY, uSD/CAD, uSD/CHF, indirect Currencies, eUR/USD. A" such as N.7269 per NZD is home currency per unit of foreign currency in Norway.
Direct and, indirect", forex rates in the currency exchange market are displayed in pairs by market makers (or dealers).
Exchanges rates on the other hand are forex rates.
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You may see that there is some difference between them. The position is summed up in the maxim Buy High, Sell Low. See figure.3 below: In India, Direct"tion was prevalent till 1966. A" such.52.35 per is foreign forex binary options trading softwares set up currency per unit of home currency is Rupees. For each American" give the corresponding European" and vice versa. The corresponding direct" is 1/IDQ 1/0.0191.52.35 per. It will be readily appreciated that the selling rate for one currency is the buying rate for the other. Exchanges rates on the other hand are forex rates or FX rates that represent the value of one currency in relation to another currency. Hence a direct".