Currency Pair


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Currency Pair

In foreign exchange, two currencies whose values are compared. The first currency is called the base currency and is given a value of 1, while the second is called the quote currency and is expressed as "quote currencies per one base currency." For example, if one compares the British pound to the U.S. dollar and the pound is the base currency, it is written as GBPUSD and expressed as "dollars per one pound."
References in periodicals archive ?
Other innovative products in the pipeline include the BFX MCX USD Gold and Silver Futures as well as Options contracts on the USD-INR currency pair, it added.
At the lowest point the currency pair formed a candlestickaa trend reversal pattern shown as a red rectangle.
o Middle East Forex trading volumes continue to grow during Q1 2009 o Carry trade remains out of favour with investorso "Big three" currency pairs back in vogue as valuation trading takes precedence
The euro/US dollar currency pair accounted for 58 per cent of all currency volume traded through dbFX in the Middle East during the third quarter of this year.
Foreign exchange clients are able to mix and match potential currency pairs along with access to more than 100 different technical studies, account summaries and current positions and a unique functionality that shows at least 20 currency pairs in a separate window.
The Euro/US Dollar currency pair accounted for nearly 37 per cent of all FX volume traded through dbFX in the first quarter of the year.
Euro/US dollar most traded currency pair in the Middle East
According to the survey, most traders focus on a relatively narrow range of currency pairs, with 65 percent saying they trade from 1 to 5 pairs of currencies.
Growth developed by the currency pair during September 17-20 is presently being compensated.
Instrument Open Orders which show clients' buy and sell orders at any instance in time in a single currency pair, selected from the Aggregated Open Orders chart.
This easy to follow guide offers you a comprehensive overview of why traders choose to trade the forex markets and the major currency pairs available to traders choosing a City Index forex trading account.
Middle Eastern FX traders' second most popular currency pair during the first quarter of 2008 was the US Dollar/Japanese Yen, accounting for 24% of all regional volumes.