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In this section you can find definition to all the terms you may encounter working with our company, homepage or platform.
We tried to explain various definitions concerning our company’s activities.
Glossary is short, clearly and simple about financial markets.
In case you will not find a definition for an unknown term – you always may ask us directly by phone: +38 (044) 28 82 999 or by e-mail: info@wega-trade.com.
Quotation — Quotation – the value of a currency unit evaluated in another currency units.
Let’s suppose the Euro-Dollar ( EUR/USD) exchange rate equals 1.4676. This means that 10 000 (ten thousand) Euro cost 14 676 (fourteen thousand six hundred seventy six) US Dollar.
In this trade instrument Euro is a basic currency ("basic currency" glossary page reference) and Dollar is a quoted currency (sometimes it’s also called a counter currency).
There are direct and reverse quotations.
Direct quotation displays national currency amount which corresponds to a unit of foreign currency, for example: USD/JPY , USD/CHF, USD/CAD, USDNOK, USDSEK, USDZAR.
Reverse quotation displays a foreign currency amount which corresponds to a unit of national currency, for example: EUR/USD, GBP/USD, AUD/USD, NZDUSD.
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