PKMC Module III Practice Questions - Pasaran Kewangan Malaysia Certificate (PKMC) Module III - Foreign Exchange Exam

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In the currency pair quotation 'USD/MYR = 4.7230/4.7250', which currency is the base currency and which is the quote currency?

USD is the quote currency; MYR is the base currency. USD is the base currency; MYR is the quote currency. Both currencies act as base currencies depending on whether you buy or sell. The base/quote distinction is determined by Bank Negara Malaysia on a daily basis.

Correct Answer:

USD is the base currency; MYR is the quote currency.

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