Quote-reading pocket deck
Recall the minimum checks needed to read and use a basic FX quote.
PAIR Quote sentence What does PAIR remind you to check before using a quote? Flip to expand the four quote-reading prompts. Reference vs executable Mid-rate versus executable rate: which one should approve cash? Benchmark with mid-rate; approve with executable all-in rate. Common trap The rate is close enough; the fee says zero. Approving a conversion where spread may carry the cost. Your line Zero fee does not mean zero cost. I need the all-in received amount and a same-time reference rate. Mistaking marketing language for execution cost. It moves the conversation from label to measurable cash impact. Bid or ask…
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