EUR/USD - Euro US Dollar

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EUR / USD The exchange rate represents the number of dollars that you can buy at 1 euro. If you believe the euro's exchange rate against the US dollar will rise, you can purchase the euro in US dollars. If the exchange rate rises, you will earn profits after selling the euro. Remember that forex trading involves high risk loss. Finally, we can not emphasize that foreign exchange on margin trading has high risk and not suitable for everyone. Before deciding to trade on Forex, you need to carefully consider your investment objective, level of experience and risk appetite. Please be aware that you may lose some or all of the initial investment. In other words, you should not invest in losses that you can not afford. If you have any questions, we encourage you to receive advice from an independent financial advisor.

In the foreign exchange market, the currency pair is an offer for the relative value of the currency unit against other currency units. The offer of EUR / USD 1.3225 means 1 euro will purchase $ 1.3225. In other words, this is the euro unit price of the dollar. Here, the euro is called "fixed currency" and the dollar is called "floating currency". There are market practices that determine which are fixed currencies and which are variable currencies. In most parts of the world, the order is Euro - British Pound - Australian Dollar - New Zealand Dollar - US Dollar - Other. Therefore, in the conversion from euro to Australian dollar, the euro indicates the fixed currency, the Australian dollar the variable currency, the exchange rate the payment amount or receipt of the Australian dollar. Cyprus and Malta quoted as US dollar and other bases have been removed from the list when joining the euro area recently.