currency pair

Definition

The two currencies used in a foreign exchange transaction. The currency pair consists of a base currency and a counter currency. The value of the currency pair is determined by the rate at which one unit of the base currency is converted into units of the counter currency. For example, a currency pair could be U.S. dollars/Japanese Yen or Swiss Francs/British pounds.

Cite this definition


Related Research Articles from the InvestorGuide.com University

Currency and Precious Metals
Provides insight into the currency and precious metals market. Provides a description of these markets and reasons why (or why not) to pursue these types of investments.

Introduction to Other Investments
Stocks, bonds and mutual funds are the most popular asset classes and therefore get most of the market's attention, but there are other important investment opportunities every investor should know about as well, including options, futures, and currency. Although these investments are complex and usually intended for sophisticated investors, it's worth understanding what they are and how they operate in order to decide if they should play any role in your overall investment strategy.

Introduction to the Economy
Learn how the economy can be influenced by the US government through fiscal and monetary policy. Understand the importance of a global economy and why individuals should make a portion of their investments overseas.


Featured Sponsor


Give this definition a rating from 1 to 5 (5 being the best)...
1    2    3    4    5    



Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Add this Glossary to your Site | Bookmark InvestorWords.com
Home | Terms by Subject | Keyword Advertising | About Us | Contact Us
Work for InvestorWords.com
BusinessDictionary.com | InvestorGuide.com | WebFinanceInc.com
Disclaimer and Copyright©

Copyright©1997-2008 by WebFinance, Inc. All Rights Reserved.
Unauthorized duplication, in whole or in part, is strictly prohibited.