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Basics

Currency pair

A currency pair is the price of one currency expressed in another, written as two currency codes such as EUR/USD. The first currency is the base currency and the second is the quote currency.

Also called: pair, FX pair, forex pair

Hypothetical example

Hypothetically, GBP/USD is quoted at 1.2500. That means one British pound is worth 1.25 US dollars.

Used in these guides

Basics8 min read
What is forex and how does it work?
How the global currency market works, how a forex trade is priced, and the risks that come with trading it.

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