Forex quotes

Are the two large number in the center of each quote, part of the ratio?


In the above quote, the digit on the right of the large white “38” (and the large white “36”) is the digit that designates one pip. Quoting 1.40381 as “1.40381” simply makes it easy to tell that the digit that is “8” is the one that counts single pips. The digit to the right of that, the “1”, designates tenths of a pip. The digit to the left of it, the “3” designates tens of pips. Making the two digits larger just makes it easier to see price changes in terms of pips.

Prices in the world are usually expressed in terms of dollars, yen, euros, or some currency unit continually ed with by some bull government body. “$1.22” is one dollar and twenty two one hundredths of a dollar. But in forex, prices are expressed not in dollars but in pips. So “1.22” in the case of EUR/USD is actually “1.2200” which is twelve thousand two hundred pips.

Think of it like this: “$1.22” is expressed in dollars. “12,200.0” could be the same number expressed in pips. But to avoid confusion, forex traders print 1.2200 but read it in pips.

May your psychedelic mind take you through many dimensions of enlightenment.