Currency Pair

Definition

A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first currency is the base currency and the second is the quote currency. Major pairs include EUR/USD, GBP/USD, USD/JPY. Cross pairs don't include USD, such as EUR/GBP or AUD/JPY.

Related Terms

Base Currency Quote Currency Major Currency Pairs Cross Currency Pairs

More Forex Basics Terms

Pip Pipette Lot Size Spread Bid Price Ask Price Base Currency Quote Currency Major Currency Pairs Cross Currency Pairs