A currency pair is the quotation of the relative value of a currency unit against the unit of another in the foreign exchange market. The that is used as the reference is called the counter , quote currency or 1 and the currency that is quoted in relation is called the base or transaction $ usdinr currency chart Currency pairs are sometimes then written by concatenating the ISO currency codes (ISO 4217) of the base and the counter , separating them with a slash character. Often the slash character is omitted, alternatively the slash may be replaced by and etc. A widely traded pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote . This means that 1 Euro can be exchangeable to 1.25 US Dollars. Івано Франківськ, Ukraine
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