Exchange rate
The price of one currency in terms of another. In EUR/USD at 1.0850, one euro costs 1.0850 US dollars.
Related terms
Currency pair
Two currencies quoted against each other, such as EUR/USD. The…
Cross rate
An exchange rate between two currencies calculated through a…
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…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Bid
The price at which the market will buy from you, so it is the…