Let's compare currency pair BRL/CZK by taking into account the value of BRL against the value of CZK , that is, today we need 4.23000 BRL/CZK to be able to have a BRL/CZK in our possession.
BRL is the base or transaction currency whereas, based on forex market rules, the CZK is the quote or counter currency.
To be as descriptive as possible, we are going to comment that in the last few hours the minimum price this pair has reached has been 4.23000, but the maximum price has reached 4.26000 with a percentage variation of -0.40000% due to the difference of -0.02000.