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Glossary

Secondary currency

Definition

In forex, this is the currency that the investor pays with or receives when trading, also known as variable currency or counter currency. For example, in EURUSD the secondary 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 Counter currency Exchange rate Currency trading
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