Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying the pair means buying the base currency.
Related terms
Quote currency
The second currency in a pair, and the one the price is expressed…
Currency pair
Two currencies quoted against each other, such as EUR/USD. The…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Bid
The price at which the market will buy from you, so it is the…
Commodity currencies
Currencies of countries that rely heavily on raw-material exports,…