SAIFM RPE Foreign Exchange Market Practice Questions - SAIFM Registered Person Examination The Foreign Exchange Market Exam

In a currency pair quotation of EUR/ZAR = 20.2500, which currency is the base currency and which is the quote currency?

EUR is the base currency, ZAR is the quote currency ZAR is the base currency, EUR is the quote currency EUR is the terms currency, ZAR is the commodity currency Both EUR and ZAR are quote currencies relative to USD

Correct Answer:

EUR is the base currency, ZAR is the quote currency

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