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.

Related Terms

two-way price -  More

historical exchange rate -  More

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