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A currency pair is a price quote of the exchange rate for two different currencies traded in FX markets. When an order is placed for a currency pair, the first listed currency or base currency is bought while the second listed currency in a currency pair or quote currency is sold.

A cross rate is the exchange rate of two currencies, neither of which is the base currency in the pair. The cross rate is determined by comparing the exchange rates of the two currencies against a common third currency. For instance, the cross rate between EUR/GBP is derived by dividing EUR/USD by GBP/USD.

Currency pairs are the national currencies from two countries coupled for trading on the foreign exchange (FX) marketplace. Both currencies will have exchange rates on which the trade will have its position basis.

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A typical currency pair listing may appear as, EUR/USD 1.3045. In this example, the euro (EUR) is the base currency, and the U.S. dollar (USD) is the quote currency. The difference between the two currencies is a ratio price. In the example, one euro will trade for 1.3045 U.S. dollars.

Major Pairs EUR/USD (Euro Dollar) GBP/USD (Pound Dollar) USD/CHF (Dollar Swissy) USD/JPY (Dollar Yen) AUD/USD (Aussie Dollar) NZD/USD (Kiwi Dollar) USD/CAD (Dollar Loonie)

The major currency pairs on the forex market are the EUR/USD, USD/JPY, GBP/USD, and USD/CHF. The four major currency pairs are some of the most actively traded pairs in the world, along with the so-called commodity currency pairs: USD/CAD, AUD/USD, and NZD/USD.

It is a way of comparing the value of one currency with another, which means the base currency against the quote currency. It shows how many units of quote currency are needed to buy base currency. The currency pairs are traded in the foreign exchange market ? known as the forex market.

A currency peg is when the value of one country's currency is directly tied to the value of another country's currency (or a basket of other currencies). For example, 3.75 Saudi riyal is always worth 1 US dollar, no matter what that's a hard peg.

What Determines the Strength of a Currency? What exactly does it mean for a currency to be strong or weak? A currency is strong if it is becoming more valuable relative to another country's currency. Conversely, a currency is considered weak if it is becoming less valuable versus another country's currency.