As if this werent confusing enough, because two currencies are involved
in each pair, there are potentially two relative notional values (one
in each currency). Luckily, it is standard to use the base currency to
determine the notional value.
For example, if a trader buys 10,000 EUR/USD at $1.3275, the notional
value of the trade will be $13,275 (10,000 $1.3275). If the same trader
purchases another 90,000 EUR/USD at the same price