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Forex Trading What are base and quote/term/contra currencies?
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Question by: Henry - 16 Sep 2016, 09:10:16
What are base and quote/term/contra currencies?
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Answer by: Jeremy - 16 Sep 2016, 09:22:53

The base currency is the first currency in a currency pair. The quote, term or contra currency is the second currency in a currency pair. For example, in the EURUSD currency pair, EUR is the base currency and USD is the quote currency.

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