Sumo Forex aims at constantly updating sixty different currency pairs on its three trading platforms. Receiving quotes from above 50 banks and multiple dark pool liquidity sources, we offer the best pricing. We keep on streaming prices of different currency pairs to help our clients understand the market and invest time in trading accordingly.

Our main objective is to help the traders gain maximum profits from their investment. We therefore strive to make a detailed analysis on the shift in the value of currency. We update our list of currency pairs every now and then to help our clients assess their current value.

Currency Pair: Anatomy

The first currency that is listed in currency pair is termed as base currency, whereas the secondary one is called quote or counter currency. The currency pair suggests the amount of quote currency needed in order to buy a unit of the first or the base currency. And this is indicated only when the currency pair is published with the exchange rate. While considering selling a specific currency pair it is the exchange rate that shows the units of quote currency the trader will receive on selling a unit of base currency.

Well, these are a few protocols that have been set by to ensure that errors are not committed in referring to the currency pairs. This makes organizing the exchange rates easy and understandable.

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