What is a Currency Pair
Read More

Base Currency and Quote Currency

1/21/ · The EUR/USD is the most widely traded currency pair, so it is no surprise that the spread in this example is pips. Direct vs Indirect Quotes. A currency pair is the dyadic quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called the counter currency, quote currency or currency and the currency that is quoted in relation is called the base currency or transaction currency. Currency pairs are generally written by concatenating the ISO currency codes of the base currency . 1/26/ · We already know that, in the forex market, currency units are quoted as a pair of different currencies (or Currency Pairs). The Base Currency (also called the Transaction Currency) is the First Currency mentioned in a currency pair quotation. For example: If some currency pair is written as XXX/YYY or simply XXXYYY. Here, XXX is the Base Currency.

Read More

You Can't Make Money if They Don't Move

1/21/ · The EUR/USD is the most widely traded currency pair, so it is no surprise that the spread in this example is pips. Direct vs Indirect Quotes. Base currency. The base currency is the one that is quoted first in a currency pair. Using EURUSD as an example, the Euro would be the base currency. Similarly, the base currency of GBPUSD is the British pound (GBP). Quote currency. By process of elimination, you know that the quote currency is the one that comes second in a pairing. 10/24/ · Base Currency – Forex Explained. Currencies in the Forex market are always quoted in pairs: base and quote currency. The quote currency is also known as the counter currency. The base currency plays a vital role in foreign exchange transactions. Moreover, it determines the rise and the fall of currency pair prices on Forex.

How to Read Currency Pairs: Forex Quotes Explained
Read More

Anatomy of a Currency Pair

1/21/ · The EUR/USD is the most widely traded currency pair, so it is no surprise that the spread in this example is pips. Direct vs Indirect Quotes. 1/26/ · We already know that, in the forex market, currency units are quoted as a pair of different currencies (or Currency Pairs). The Base Currency (also called the Transaction Currency) is the First Currency mentioned in a currency pair quotation. For example: If some currency pair is written as XXX/YYY or simply XXXYYY. Here, XXX is the Base Currency. Base currency. The base currency is the one that is quoted first in a currency pair. Using EURUSD as an example, the Euro would be the base currency. Similarly, the base currency of GBPUSD is the British pound (GBP). Quote currency. By process of elimination, you know that the quote currency is the one that comes second in a pairing.

Currency Pairs Definition
Read More

What is base currency?

7/18/ · A trader buys a currency pair if he believes the base currency will rise relative to the quote currency, or sells a currency pair if he believes the base currency will decrease relative to the quote currency. For example, let us look at EUR/USD, where Euro is the base currency . 1/21/ · The EUR/USD is the most widely traded currency pair, so it is no surprise that the spread in this example is pips. Direct vs Indirect Quotes. 10/24/ · Base Currency – Forex Explained. Currencies in the Forex market are always quoted in pairs: base and quote currency. The quote currency is also known as the counter currency. The base currency plays a vital role in foreign exchange transactions. Moreover, it determines the rise and the fall of currency pair prices on Forex.

Read More

Table of Contents

10/7/ · All of the primary currency pairs contain the USD. There are many major currency pairs within the forex market around the world. 1/26/ · As you can clearly see, all Forex major currency pairs include USD and another very common currency. Together these amount to about 75% of all trades – hence the name. The popular currency pairs that are made up of major currencies other than the US dollar are usually called cross pairs. These include some of the most traded currencies, like EUR, GBP, JPY. 1/21/ · The EUR/USD is the most widely traded currency pair, so it is no surprise that the spread in this example is pips. Direct vs Indirect Quotes.