The Host Speaker for Money talk Viewpoint are Virtual Family Office Professionals
* Shauntel Leeson, President & Founder of Money Talk Viewpoint a podcast for Virtual Family Office. Contact: https://lnkd.in/g94mYayx
* Stuart Kruse, CFA, President & Founder at Kruse Asset Management, Virtual Family Office. Contact: kruseassetmanagement.com
* Dennis Williams Jr., MBA, President & Creator at CashMap Consulting
Contact: cashmapapp.com
Money Talk Viewpoint is the financial platform podcast where accounting, legal, wealth management financial & concierge professionals converge with investors
FOREX. In the foreign exchange (forex) market, a currency pair refers to the correlation between two currencies and their tradability against each other.
When dealing with a currency pair, the primary currency is known as the base currency, while the secondary currency is referred to as the quote currency or counter currency. The base currency's worth is always stated in terms of the quote currency.
For instance, in the EUR/USD currency pair, the euro serves as the base currency, and the US dollar is the quote currency. If the prevailing exchange rate is 1.2000, it indicates that one euro can be exchanged for 1.2000 US dollars.
Currency pairs are traded within the forex market, allowing traders to buy or sell a particular currency pair based on their predictions about the fluctuation in value between the base currency and the quote currency. Numerous factors, including economic data, geopolitical events, and central bank policies, influence the exchange rate fluctuations of currency pairs.
Currency pairs are a fundamental concept in the trading world as they reflect the relative value between two distinct currencies. However, with the emergence of cryptocurrencies, traditional currency pairs have needed to adapt to accommodate these new digital assets.