Currency pair
Two currencies quoted against each other, such as EUR/USD. The price shows how much of the second (quote) currency buys one unit of the first (base) currency.
Related terms
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Quote currency
The second currency in a pair, and the one the price is expressed…
Major pairs
The seven most-traded pairs, each including the US dollar:…
Exchange rate
The price of one currency in terms of another. In EUR/USD at…
Forex (FX)
Short for foreign exchange: the global over-the-counter market…
Account currency
The currency your trading account is held in. Profits, losses and…