For example, if you’re usingUS dollars(which is expressed using thecurrency code‘USD’) to buyEuros(EUR), the currency pair isEUR/USD. The exchange rate you see is based on the value of the currencies in relation to one another. This applies to any currency you're exchanging. To fin...
The same pip values apply to allcurrency pairswith the U.S. dollar traded as the counter currency in an account denominated in U.S. dollars. Major currency pairs such as EUR/USD, GBP/USD, AUD/USD and NZD/USD all have the U.S. dollar as the counter currency. Basically, the movement ...
When you are traveling abroad, the act of changing currency can quickly drain your budget if you're not careful. Keep track of what it costs to convert your English pounds to U.S. dollars to find the best deal on your money. Ask for full disclosure of any hidden fees or transaction co...