I have 2 tables: currencies and quotes

currencies
==========
id   currency
-------------

quotes
======
id   date   id_currency   value
-------------------------------
Index (date, id_currency - UNIQUE)


In order to find the most recent value for a currency I use the following
logic:

1. SELECT max(date), id_currency FROM quotes GROUP BY id_currency

2. for each set of values in result:
   SELECT C.currency, Q.value FROM quotes Q, currencies C
                              WHERE C.id = Q.id_currency AND
                                    Q.date = $result[max_date] AND
                                    Q.id_currency = $result[id_currency]

   The procedure is quite slow, because for the 2nd step I have nnn queries
   where nnn = number of rows in the 1st step.

Could you suggest a better and faster approach ?


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