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Basics

Minor pairs

Minor pairs, or crosses, are currency pairs between major currencies that do not include the US dollar. EUR/GBP, EUR/JPY and GBP/JPY are examples.

Also called: minors, cross pairs, crosses, cross-currency pairs

Hypothetical example

Hypothetically, EUR/GBP is quoted at 0.8500: one euro costs 0.85 British pounds, without the US dollar being part of the price.

Related terms

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