An extensively traded currency set is the euro against the U.S. buck or shown as EUR/USD. In fact, it is one of the most fluid currency pair worldwide due to the fact that it is one of the most heavily traded. The quote EUR/USD = 1.2500 suggests that euro is traded for 1.2500 U.S. dollars. In this case, EUR is the base money, as well as USD, is the quote money (counter money). This indicates that 1 euro can be exchanged for 1.25 U.S. bucks. One more means of checking out this is that it will cost you $125 to acquire 100 euros.
There are as many money sets as there are money worldwide. The total number of currency pairs that exist changes as currencies reoccured. All currency sets are categorized according to the quantity that is traded on a daily basis for a pair.
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