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Currencies are traded towards each other in pairs. Every currency pair Therefore constitutes somebody trading merchandise and is also traditionally pointed out XXXYYY or XXX/YYY, in which XXX and YYY are classified as the ISO 4217 Worldwide 3-letter code in the currencies included. The first currency (XXX) is The bottom forex that's quoted relative to the second currency (YYY), known as the counter currency (or estimate currency).
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