jcole21

In real life, most of currency quotations are unambiguous, as people are familiar with the general levels. If you see something like 1.3 EURUSD, you know that must be USD/EUR, since one EUR is more than one USD. Of course, it gets a bit confusing when you see something like USDCAD or AUDUSD, which are close to parity. However, when you do a trade, people generally clarify by saying something like “you sell X amount of USD and buy Y amount of CAD”.