At the heart of calculating and reading exchange rates lies the concept of the counter or quote currency in forex pairs. In this article, Benzinga explains a quote currency, its role in FX quotes ...

A direct quote is a foreign exchange rate quoted in fixed units of foreign currency in variable amounts of the domestic currency. A direct currency quote asks what amount of domestic currency is ...

A smart way to save while traveling internationally is to understand how currency exchange works so you can exchange currency without paying more fees than necessary. It all comes down to a little ...

Image source: Getty Images. A foreign exchange pair is made up of two parts. The base currency is listed first. The quote currency is listed second. Thus, in the case of EUR/USD, the euro is the ...

It’s always worth shopping around for a range of quotes, but an international money transfer specialist is generally the best place to exchange currency because it deals in huge volumes of money ...

When travelling, you'll want to figure out what you're doing for currency exchange ahead of time. Local banks or credit unions may be the most convenient and affordable place to exchange currency.

But mapping out an efficient plan to exchange currency can also lead to significant savings on your trip. Plan ahead to avoid overpaying for the currency you need to get around in another country.