World Class Provider Of Foreign Exchange Trading Services
Base and Counter Currency
Currencies are often quoted in terms of other currrencies. For Example, the per unit currency in the exchange rate is called the base currency. The other currency is called the counter currency.
Currency PairBase CurrencyCounter Currency
USD against JPY USD JPY
EUR against USD EUR USD
Notation Market JargonMarket Conversion
EUR/USD Euro Dollar USD per EUR
GBP/USD Sterling Dollar USD per GBP
USD/CHF Dollar Swiss CHF per USD
AUD/USD Aussie Dollar USD per AUD
NZD/USD Kiwi Dollar USD per NZD
USD/CAD Dollar Cad CAD per USD
EUR/JPY Euro-Yen JPY per EUR
EUR/GBP Euro-Sterling GBP per EUR
AUD/JPY Aussie-Yen JPY per AUD
How Currencies Are Quoted
An exchange rate is the price of one currency expressed in terms of another currency. It is commonly quoted a one unit of a currency against certain unit(s) of another currency per one currency.
USD 1 = JPY 120.00
EUR 1 = USD 1.0800
GBP 1 = JPY 196.00
Two Way Pricing
When a client wants to make a trade, they may call up the 24 hour dealing desk to request a quote or view two-way real time pricing via DealBook. Normally, the party asking for the quote does not need to disclose his/her interest or intention to buy or sell. Not knowingly what the caller wants to do, the dealing desk will quote a two-way price that comprises the buying and selling price.