InterForex
     
 
 

How Forex is Quoted

Currencies are quoted in pairs, such as EUR/USD or USD/JPY. The first listed currency is known as the base currency, while the second is called the counter or quote currency. The base currency is the "basis" for the buy or the sell. For example, if you BUY EUR/USD you have bought euros (simultaneously sold dollars). You would do so in expectation that the euro will appreciate (go up) relative to the US dollar.

GBP/USD

In this example British Pound is the base currency and thus the "basis" for the buy/sell.

If you believe that the US economy will continue to weaken and this will hurt the Dollar, you would execute a BUY GBP/USD order. By doing so you have bought in the expectation that they will appreciate versus the US dollar. If you believe that the US economy is strong and the Pound will weaken against the US dollar you would execute a SELL GBP/USD order. By doing so you have sold Pounds in the expectation that they will depreciate versus the US dollar.

Currency Abbreviations

Symbol Currency
USD US Dollar
EUR Euro
JPY Japanese Yen
GBP British Pound
CHF Swiss Franc
AUD Australian Dollar
NZD New Zealand Dollar
CAD Canadian Dollar

The InterForex trading platform quotes the following pairs:

EUR/USD CAD/JPY
USD/JPY AUD/JPY
GBP/USD EUR/AUD
USD/CHF EUR/CAD
EUR/GBP AUD/CAD
EUR/JPY GBP/CAD
AUD/USD GBP/NZD
EUR/CHF GBP/AUD
GBP/JPY AUD/NZD
USD/CAD CAD/CHF
GBP/CHF NZD/JPY
NZD/USD USD/SGD
CHF/JPY
 
Print this page Tell A Friend Add to Favorites Contact Us 
* The high degree of leverage that is obtainable in the trading of off-exchange FX transactions can work against you as well as for you. Leverage can lead to large losses as well as gains.
** InterForex is compensated through the difference between the buy and sell prices.

Please be advised, the services and products described on www.interforex.net and offered by InterForex SA are not being offered within Canada, Australia or the United States and not being offered to U.S., Australian and/or Canadian residents or citizens, as defined under applicable law. 

Interforex Inc. and its products and services offered on the site www.interforex.net are NOT registered or regulated by any U.S., Canadian or Australian regulator, including FINRA, SEC,
FSC, NFA, CFTC or ASIC.