How to read quotes

3. How to read quotes

Quotations are usually expressed in five-digit number. For example, USDJPY = 114.90 means that 1 U.S. dollar valued at 114.90 Japanese yen (ie, for 1 dollar are willing to pay as much yen when buying or selling). At the same time, GBPUSD = 2.0252 means that 1 British pound valued at 2.0252 U.S. dollar. Generally, if the quote XXXYYY = Z, then it means that one unit of XXX give Z units of YYY.

When the quote is changed, for example, USDJPY = 114.9 2 USDJPY = 114.9 3 or GBPUSD = 2.025 4 to 2.025 in May, saying that the price has changed by 1 point. From what has been said that in this example, the yen has fallen in price by 1 point, and the pound rose by 1 point.

From the foregoing it follows that the only graphs euro (EURUSD) and the British pound (GBPUSD), ie Rates of "reverse" quotations reflect the actual movement of their prices (ie the schedule up - the price is higher) and growth (ie, motion graphics up) for USDJPY and USDCHF (currency with the "straight" quotes) does not mean increasing , and lowering their quotations (prices).