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Pips and Points Mad Money 1 Japanese ¥ = 0.6187 © copyright 2003-2018 Study.com. All other trademarks and copyrights are the property of their respective owners. All rights reserved. The base currency is the “basis” for the buy or the sell. If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency. In caveman talk, “buy EUR, sell USD.”
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