SIAA Foreign Exchange Practice Questions - SIAA Foreign Exchange Accreditation Exam

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In a standard currency pair quotation of AUD/USD = 0.6850, which currency is the base currency and which is the quote currency?

AUD is the base currency, USD is the quote currency USD is the base currency, AUD is the quote currency AUD is the quote currency, USD is the base currency Both currencies can act as base or quote depending on the transaction size

Correct Answer:

AUD is the base currency, USD is the quote currency

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