In the event that you purchase the EUR/USD (or some other currency combine), the exchange rate discloses to you the amount you have to pay as far as the quote currency to get one unit of the base currency. As such, in the case above, you need to pay 1.32105 U.S. dollars to purchase 1 euro. In the event that you offer the EUR/USD (or some other currency match), the exchange rate discloses to you the amount of the quote currency you get for offering one unit of the base currency. At the end of the day, in the case above, you will get 1.32105 U.S. dollars in the event that you offer 1 euro.