The base and quoted currency labels are used for the first and second currency in a currency pair. (pacforex.com)
«Donated to charities, accepted at local businesses, and found tacked up in pubs around the world, many consider Canadian Tire to be Canada's second currency,» said Allan MacDonald, the retailer's chief operating officer. (canadianbusiness.com)
A carry trade is typically based on borrowing in a low - interest rate currency and converting the borrowed amount into another currency, with proceeds placed on deposit in the second currency if it offers a higher rate of interest or deploying proceeds into assets — such as stocks, commodities, bonds, or real estate — that are denominated in the second currency. (investopedia.com)