BASE vs COUNTER

In the currency pair EUR/USD1, which is the base currency?

• EUR

• USD

In the quote 185.2 JPY/GBP, identify the counter currency?

• GBP

• JPY

For 1 USD, we need to pay 4.70 MYR.
Which one is the base currency?

• USD

• MYR

You need to pay 3.15 Malaysian Ringgit (MYR) for 1 Australian Dollar (AUD)?

• Base: MYR

  Counter: AUD

• Base: AUD

  Counter: MYR

You see an exchange rate of SGD/MYR = 3.45.
This means for 1 Singapore Dollar, you pay 3.45 Malaysian Ringgit.
Which of the following is correct?

• Base: SGD

  Counter: MYR

• Base: MYR

  Counter: SGD