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Currency

Quote currency

When we talk about currency pairs, we usually refer to the first currency as the base currency and the second currency as the quote currency. The quote currency is the one that a client can buy or sell in exchange for the base currency. For example, in the USD/JPY currency pair, the Japanese yen is the quote currency. This is a fundamental concept in the world of finance that helps us understand the relationship between different currencies and their values.

FX

Foreign exchange, also known as forex or FX, refers to the conversion of one currency into another. It is a vital aspect of international trade and finance, as countries wit...

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Quoting

As a financial professional, one of our main responsibilities is to present our clients with accurate and timely quotes to facilitate their transactions. This involves gathe...

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Direct quotation

When discussing foreign exchange rates, it's important to understand the concept of quoting in fixed units of foreign currency against variable amounts of the domestic curre...

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LIBOR (London Interbank Offered Rate)

Let us delve into the concept of the average weighted interest rate on interbank loans, a crucial aspect of the finance world. This rate is determined by the participating b...

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