Forex Currency Quote

One of the most difficult things for most people to understand about foreign currency exchange (aka “forex“) is how to read the quotes. We know that when we see a stock trading for $11.25 a share, it means we can use $11.25 of our U.S. dollars to buy one share. But what the heck does USD/JPY 116.09/13 mean? This article will explain.

Currency Pairs

The first thing to understand is that a forex trade is the exchange of one currency for another. Normally, we buy goods with our currency — the U.S. dollar. But on the forex, we can use U.S.