What is Currency Pair? | Forex Blog | FX Merge

The term currency pair is often used in forex as it is in fact what forex trading relies upon. Every trade is going to involve two currencies, thus the term currency pair. One currency is quoted against another currency. The first currency is referred to as the base currency whereas the second one is the quote currency. Hence you will be seeing how much of the quote currency you are going to need so as to purchase one unit of the base currency…
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