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What is a Currency Pair - Definition | Forex Dictionary

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Full Trader
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A currency pair is the quotation of one currency against another, such as EURUSD or GBPJPY. The first is the base currency and the second is the quote currency; the price indicates how much quote currency is needed to buy one unit of the base.

Why it matters: understanding that you are buying one currency and selling another at the same time is the basis for trading Forex and for correctly interpreting price movements.



   
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