How much is a big figure worth per million of base currency it EUR/GBP is 0.6990?
A) GBP 10,000
B) EUR 10,000
C) GBP 6,990
D) EUR 6,990

Question

Quizplus · Accepted Answer

A big figure in forex refers to a change in the first two digits of a currency pair. For EUR/GBP at 0.6990, a big figure is worth GBP 10,000 per million EUR because it represents a 0.01 change in the exchange rate, which is equivalent to GBP 10,000 when dealing with a million EUR.

How Much Is a Big Figure Worth Per Million of Base