Counter Currency

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Dictionary Says

Definition of 'Counter Currency'

The currency used as the reference or second currency in a currency pair. When viewing an ISO currency code the counter currency is listed after the base currency, and is separated with a slash. Major currencies, such as the euro and U.S. dollar, are more likely to be the base currency in a currency pair.

Investopedia Says

Investopedia explains 'Counter Currency'

It is important to understand the structure of the currency pair in order to understand forex trading. In the currency pair USD/EUR the euro (EUR) is considered the counter currency. In the pair, units of counter currency are per unit of base currency.
Search results for

'Counter Currency'

  • How is spread calculated when trading in the forex market?

    http://www.investopedia.com/ask/answers/06/forexpercentagespread.asp
    ... equal 1.2/1 or 1.2. The USD would be the base currency and the CAD would
    be the quote or counter currency. Now that we know how ...

  • A Primer On The Forex Market

    http://www.investopedia.com/articles/trading/03/091703.asp
    ... Most of the time, US dollar is considered the base currency, and quotes are expressed
    in units of US$1 per counter currency (for example, USD/JPY or USD/CAD). ...

  • Forex Tutorial: Reading a Forex Quote and Understanding the Jargon ...

    http://www.investopedia.com/university/forexmarket/forex2.asp
    ... The currency to the left of the slash is the base currency, while the currency
    on the right is called the quote or counter currency. ...

  • What Is A Pip?

    http://www.investopedia.com/video/play/what-is-a-pip
    ... Related Videos. What Causes Drastic Currency Changes? Drastic currency swings do
    happen, and they have become very hard to predict. Find out ... Read More ยป; ...

  • Forex Tutorial: Currency Trading Summary | Investopedia

    http://www.investopedia.com/university/forexmarket/forex9.asp
    ... recap: The forex market represents the electronic over-the-counter markets where ...
    Currencies are "priced" in currency pairs and are quoted either directly or ...

  • Series 7 Study Guide - Securities Markets - Over the Counter (OTC) ...

    http://www.investopedia.com/exam-guide/series-7/securities-markets/over-counter-markets.asp
    ... 9.11 The Securities Exchange Act of 1934; 9.12 Over the Counter (OTC) Markets; 9.13
    The Currency Market; 9.14 The Securities Investor Protection Corp. ...

  • Series 7 Study Guide - Securities Markets - The Currency Market ...

    http://www.investopedia.com/exam-guide/series-7/securities-markets/currency-forex-market.asp
    ... 9.11 The Securities Exchange Act of 1934; 9.12 Over the Counter (OTC) Markets; 9.13
    The Currency Market; 9.14 The Securities Investor Protection Corp. ...

  • The "Turn To The Carry" Trade

    http://www.investopedia.com/articles/forex/08/turn-to-carry.asp
    ... Rules for the Short Trade (When the carry positive currency is the counter currency)
    1. Place two sets of Bollinger bands on the daily chart. ...

  • Currency Swap Basics

    http://www.investopedia.com/articles/forex/11/introduction-currency-swaps.asp
    ... Bottom Line Currency swaps are over-the-counter derivatives that serve two
    main purposes. First, as discussed in this article, they ...

  • The Currency Market Information Edge

    http://www.investopedia.com/articles/forex/09/forex-information-currency-market.asp
    ... Market Unlike stocks, which trade on a centralized exchange such as the New York
    Stock Exchange, currency trades are generally settled over the counter (OTC). ...

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