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READING
PRICES
| Below
are some sample prices as to what one may see
while looking at real-time Forex prices.
| USD/JPY
106.07 |
USD/CAD
1.3257 |
USD/CHF
1.2826 |
| EUR/USD
1.2089 |
GBP/USD
1.8331 |
AUD/USD
0.7624 |
In
the example U.S. Dollar / Japanese Yen (USD/JPY)
The sample price shown of 106.07 means that the
cost of one U.S. dollar is 106.07 Japanese yen.
As the dollar strengthens relative to the yen,
then this price will increase to, say, 106.85.
If the dollar weakens relative to the yen (in
other words, the yen strengthens relative to the
dollar), then this price will decline to, say,
105.35. |
|
In
the example U.S. Dollar / Canadian Dollar (USD/CAD)
The sample price shown of 1.3257 means that the cost
of one U.S. dollar is 1.3257 Canadian dollars. As the
U.S. dollar strengthens relative to the Canadian dollar,
then this price will increase to, say, 1.3288. If the
U.S. dollar weakens relative to the Canadian dollar
(in other words, the Canadian dollar strengthens relative
to the U.S. dollar), then this price will decline to,
say, 1.3197.
In
the example U.S. Dollar / Swiss Franc (USD/CHF)
The sample price shown of 1.2826 means that the cost
of one U.S. dollar is 1.2826 Swiss francs. As the dollar
strengthens relative to the Swiss franc, then this price
will increase to, say, 1.2854. If the dollar weakens
relative to the Swiss franc (in other words, the Swiss
franc strengthens relative to the dollar), then this
price will decline to, say, 1.2774.
In
the example Euro / U.S. Dollar (EUR/USD)
The sample price shown of 1.2089 means that one Euro
costs 1.2089 U.S. dollars. Consequently, one can quote
the price as $1.2089. As the Euro strengthens relative
to the dollar, then this price will increase to, say,
1.2124. If the Euro weakens relative to the dollar (in
other words, the dollar strengthens relative to the
Euro), then this price will decline to, say, 1.2013.
In
the example British Pound / U.S. Dollar (GBP/USD)
The sample price shown of 1.8331 means that one British
Pound costs 1.8331 U.S. dollars. Consequently, one can
quote the price as $1.8331. As the pound strengthens
relative to the dollar, then this price will increase
to, say, 1.8382. If the pound weakens relative to the
dollar (in other words, the dollar strengthens relative
to the pound), then this price will decline to, say,
1.8288.
In
the example of Australian Dollar / U.S. Dollar (AUD/USD)
The sample price shown of 0.7624 means that one Australian
dollar costs 0.7624 U.S. dollars. Consequently, one
can quote the price as $0.7624 or 76.24 cents. As the
Australian dollar strengthens relative to the U.S. dollar,
then this price will increase to, say, 0.7681. If the
Australian dollar weakens relative to the U.S. dollar
(in other words, the U.S. dollar strengthens relative
to the Australian dollar) then this price will decline
to, say, 0.7575.
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