How to get value for Quoted Currency

Created at 09 Oct 2015, 08:07
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magforex

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Joined 06.10.2015

How to get value for Quoted Currency
09 Oct 2015, 08:07

Hi Spotware,

Is there a way I can get just the value of the quoted currency?

For example in EURUSD, can I get the value of just the USD exchange rate?

Thanks

@magforex
Replies

yisrgg
02 Apr 2016, 14:48

Hello. You cannot get the exchange rate of the USD by itself. To get an exchange rate you need two assets, for example EUR and USD, EUR and Deutsche Bankd Stocks... Then you can get the exchange rate. When you buy or sell something (currency, stock, future contract...), you are exchanging one thing for another, in case you are buying USD with EUR you are giving EUR and getting USD. But you can neither give (sell) nor get (buy) USD without getting or giving somehting else (as long as you don't give USD for free. In that case, please contact me ;) )

Have a nice day

@yisrgg
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