Simply the exchange rate is the ratio of currency in value against other currency We present an example to simplify the information The exchange rate of EUR / USD means as follows, including the euro is the main currency in the pair Can buy only one euro against the dollar in the price we have visual sense Can be purchased for only 1 Euro 1.4503 U.S. dollars In other words, this is the price of the dollar that could be sold to buy 1 euro. That is, the sale of $ 1 and 45 cents and 3 Point can only buy 1 euro .. But there are remarkable job Why did not you read the price 1.4500 And 1.4503 to read? What are these 3 points? So you know the answer must know the following terms Base currency Currency counter Spreads Alboynt The currency key Is the first currency in any currency pair and be on hand in the north to screen the currency pair exchange rate. In this example the exchange rate in the pair EUR / USD equals 1.4503 This means the euro is the currency is considered the "core" This means that every 1 euro you can buy with U.S. $ 1.4503. And currency anti- Is the second currency on your hand right in the currency pair .. Known as the currency of "reading" or a currency counter that we use to read the price And also call Alboynt currency to which it is to count the number of points that is driven by the husband. We say that the currency "countermeasures" against such currency equal to the "core" This Example EUR / USD 1.4503 in the exchange rate of the currency here is the anti-dollar is the currency of any Alboynt that each of $ 1.4503 equals 1 euro only. Appears The difference between the purchase price and the selling price known Balsebred "or points of difference And Spreads Mediation is a taxi company " For example, in the exchange rate of EUR / USD 1.4503/1.4500 was But will read orally without the first three digits of the three should read "03 / 00" If the difference was only here 3 Point. Alboynt point Is the smallest unit of price for any currency is calculated us our profits and losses .. Almost all currency pairs, including five numbers and more couples have a decimal point after the first number For example, a pair EUR / USD at the exchange rate of 1.4503 In this case Alboynt smaller one is equal to the change in the fourth decimal place 0.0003 is the If the currency counter in any pair where the USD The value is always equal to one Alboynt 1 ÷ 100 cents. With the exception of one pair of prominent USD / JPY where Alboynt equal to $ 0.01. We hope we have a n hosts of the way to read the exchange rate of screen trading
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