ForxZen
Market snapshotSample quote · not real-time
EUR/USD1.3 pips
1.084211.08434
GBP/USD1.6 pips
1.271421.27158
USD/JPY1.9 pips
155.182155.201
XAU/USD46.0 pips
2380.422380.88

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Currency Pair

Fundamentals

The quotation of one currency against another — the base unit every forex trade is built from.

A currency pair is the quotation of one currency against another, showing how much of the quote currency is needed to buy one unit of the base currency — for example, EUR/USD 1.0850 means one euro buys 1.0850 US dollars. Every forex trade is simultaneously a purchase of one currency and a sale of the other. Pairs are grouped into majors (paired with USD), minors/crosses (no USD leg), and exotics (one emerging-market currency), which broadly determines their liquidity and typical spread.

Related terms

Base Currency & Quote Currency →Major, Minor & Exotic Pairs →Bid/Ask →

More in Fundamentals

PipSpreadLeverageMarginLotBid/AskVolatilityPipetteBase Currency & Quote CurrencyMajor, Minor & Exotic PairsCross Currency PairSpot Rate

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