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Think of currency pairs like a price tag in a foreign shop. The base currency is the item you're "buying," and the quote currency is the price you're paying.

For example, in EUR/USD, the Euro is the base (the item) and the US Dollar is the quote (the price). If EUR/USD is 1.10, it means 1 Euro costs 1.10 US Dollars. Simple, right? The base always comes first, and the quote tells you its price.

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Nancy Scott

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6mo ago

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