What is Currency Pair? - Definition & Explanation

Definition

Two currencies quoted together showing their exchange rate (e.g., EUR/USD).

Currency Pair Explained

A currency pair is the quotation of two currencies against each other. The first is the base currency, the second is the quote currency. Pairs are categorized into majors, crosses, and exotics.

Related Terms

Base Currency

The first currency listed in a currency pair (e.g., EUR in EUR/USD).

EUR/USD

The most traded currency pair globally, representing the euro against the US dollar.

Cross Currency Pair

A currency pair that does not include the US dollar (e.g., EUR/GBP).

Currency Pair - Frequently Asked Questions

Beginners should focus on 1-3 major pairs (EUR/USD, GBP/USD, USD/JPY) to start.

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