Vastavaluuttana
Vastavaluuttana, also known as the "opposite currency" or "counter currency," is a term used primarily in foreign exchange markets to refer to the currency that is quoted against another currency in a currency pair. When traders discuss currency pairs, they often describe the first currency as the base currency and the second as the quote or counter currency. The vastavaluuttana is essentially the currency against which the base currency's value is measured.
For example, in the currency pair EUR/USD, the euro (EUR) is the base currency, while the US
Understanding the vastavaluuttana is vital for traders and investors as it influences currency valuations, trading strategies,
In summary, the vastavaluuttana plays a crucial role in foreign exchange trading, serving as the benchmark