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Each currency is represented by 3 letters: USD for north america dollar, GBP for the British pound, EUR for that Euro, JPY for japan Yen, CHF for the Swiss franc, CAD for your Canadian dollar, AUD for that Australian dollar etc. An exchange rate can be expressed like this: GBP/USD 1.48. Which means that to acquire one British Pound you have to have 1.48 Us dollars.
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