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EUR/USD is quoted at 1.10. What does this mean?

  1. A. You receive 1.10 euros for every dollar you sell
  2. B. One US dollar costs 1.10 euros
  3. C. The euro has fallen 10% against the dollar
  4. D. One euro costs 1.10 US dollarsCorrect

Takeaway. In a currency pair the first code is the unit being priced and the second is the money: the number is how much of the second buys one of the first.

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