In the Australian forex market,a rate of 1AUD = 0.6425-0.6465 EUR would be expressed as AUD/EUR 0.6425-0.6465.

Name: In the Australian forex market,a rate of 1AUD = 0.6425-0.6465 EUR would be expressed as AUD/EUR 0.6425-0.6465.
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The above quotation expresses the value of one unit of Australian dollars expressed in units of the Euro.The trading of currencies is always done with reference to the currency in the denominator.Hence,the rate would be expressed as EUR/AUD 0.6425-0.6465.

In the Australian Forex Market,a Rate of 1AUD = 0