What Is Forex Pair? Meaning & Example
Definition
A forex pair quotes the value of one currency in terms of another. The first currency is the base and the second is the quote currency.
Related terms
The base currency is the first currency in a forex pair, and its value is expressed in units of the second. Buying a pair means buying the base currency.
Quote CurrencyThe quote currency is the second currency in a forex pair and shows how much of it is needed to buy one unit of the base. Profits and losses are often measured in the quote currency.
Major PairA major pair is one of the most heavily traded currency pairs, each including the US dollar. Majors usually have the tightest spreads and highest liquidity.
What is Forex Pair?
A forex pair quotes the value of one currency in terms of another. The first currency is the base and the second is the quote currency.
Can you give an example of Forex Pair?
In a EUR/USD quote of 1.1000, one euro costs 1.10 US dollars.