Let’s take a real-world example of trading pairs that many travelers encounter. Let’s say an American traveler was going to France on May 12, 2022. The traveler would research the exchange rate of the euro against the U.S. dollar to help budget the trip and understand the cost of things in France. The foreign exchange rate of the trading pair of EUR/USD on May 12, 2022, would have been about US$1.04 for 1 euro. So to get 1 euro, it would take $1.04.
This news is republished from another source. You can check the original article here
Be the first to comment