Can a EUR/USD quote essentially be thought of as a ratio, like for example, the value of the EUR divided by the value of the USD?
That’s exactly what an exchange rate is - a ratio of one currency to another.
Can a EUR/USD quote essentially be thought of as a ratio, like for example, the value of the EUR divided by the value of the USD?
That’s exactly what an exchange rate is - a ratio of one currency to another.