What is Exchange Rate?
The value of one currency for the purpose of conversion to another.
In-Depth Explanation
Practical Example
"If the EUR/USD exchange rate is 1.10, it costs $1.10 to buy €1.00."
Related Terminology
Base Currency
The first currency in a forex pair quotation.
Quote Currency
The second currency in a currency pair quote.
Forex (FX)
The global market where national currencies are exchanged — the world's largest and most liquid financial market, operating 24 hours a day, five days a week.
Bull Market
A market condition where prices are rising or expected to rise.
Tradeable Instruments Affected
Tactical How-To Guides
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How to Day Trade — Step by Step
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How to Keep a Trade Journal
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Master the language of risk
Knowing the terms is just the start. Learning how to apply them is where the edge is found.
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