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 ?
The main drivers of this strong trading month were the Indian Rupee, G6 currency pairs and the Indian Single Stock Futures (SSF) with the BSE Sensex Futures.
Namazov said that as for new tools, there is an interest in creating currency pairs with the Azerbaijani manat in the market.
The commission for trading currency pairs on Prime accounts is less as compared to ECN accounts and equals to 15 USD for the trading volume of 1 million USD.
FX monthly futures will be offered on six currency pairs where CME Group already offers quarterly futures: AUD, GBP, CAD, EUR, JPY and EUR/GBP.
Promoth Manghat, chief executive officer of UAE Exchange Group, noted that the most popular and major currency pairs are the euro/US dollar, US dollar/Japanese yen, and the British pound/US dollar.
The Reserve Bank of India has issued guidelines for introduction of cross currency futures and exchange traded cross currency option contracts in the currency pairs of Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD- Japanese Yen (JPY).
FXTM provides access to the global currency market and offers trading in more than 68 currency pairs, as well as Gold, Silver, Share CFDs, ETF CFDs and CFDs on Commodity Futures.
Barclays iAlert allows clients to monitor up to 75 currency pairs, and receive email alerts when their pre-selected currency pairs reach the upper and/or lower levels set by them.
If traders are already tracking market fundamentals and environmentals they will find these factors influence currency pairs in the same way, " he says.
There are dozens of currency pairs to choose from with most platforms offering about 60 pairs.
FX eTrader offers spot, forwards and swaps, and supports 57 streaming currency pairs, 20 indicative emerging markets currency pairs and 600 pairs in total.
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