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Glossary

Counter currency

Definition

In forex, the currency that the investor pays with or receives when trading, also known as variable currency or secondary currency. For example, in EURUSD the variable currency is USD, which means one unit of EUR is worth a variable amount of USD. When you buy EUR, you pay with USD, and when you sell EUR, you receive USD. The other currency (EUR in the example) is called the base currency.

Related Items

Base currency Exchange rate Foreign exchange trading Currency trading
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