The Symbol for Trading Aussie against USD is AUD/USD
Similarly for EUR and GBP is EUR/USD and GBP/USD respectively.
Why is that for Canadian, the quoted symbol is USD/CAD i.e. USD comes before CAD?
How does the market decide on this on convention of which symbol should come first?
Similarly for EUR and GBP is EUR/USD and GBP/USD respectively.
Why is that for Canadian, the quoted symbol is USD/CAD i.e. USD comes before CAD?
How does the market decide on this on convention of which symbol should come first?