Currency Pair

RECENT NEWS
The Economic Times  Mar 9  Comment 
Those options are derivative contracts betting on future exchange rates. A single contract will be of Euro 1,000, GBP 1,000 and USD 1,000 for each pairs respectively.
Mondo Visione  Jan 21  Comment 
As per the FX and Precious Metals Market Risk Parameters Methodology, on 12-06 (MSK) Jan 21, 2016 the upper bound of the price band and initial margins for the currency pair GLD/RUB was changed.
The Economic Times  Dec 10  Comment 
Currently four currency pairs are traded in futures market viz. rupee-dollar, rupee-pound, rupee-yen, and rupee-euro. Of which rupee-dollar was only allowed in options market in domestic stock exchanges like NSE and BSE.
Mondo Visione  Aug 28  Comment 
On 31 August 2015, the British pound/Russian rouble (instruments GBPRUB_TOD and GBP_TODTOM) and Kazakhstan tenge/Russian rouble (instrument KZTRUB_TOD) currency pairs will not be available for trading as that is a non-trading day in the UK and...
Forbes  Aug 17  Comment 
When a chart goes into an unnaturally tight channel, the ‘breakout’ tends to go a long way, either up or down.
Mondo Visione  Apr 27  Comment 
As per the FX and Precious Metals Market Risk Parameters Methodology, on 27.04.2015, 17-55 (MSK) the upper bound of the price band and initial margins for the currency pair SLV/RUB was changed.
The Economic Times  Oct 22  Comment 
Sebi today said non-banking stock brokers can take proprietary open positions in currency derivative market up to certain prescribed limits.




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See also Currency.

In the global foreign exchange market, currencies are always traded in pairs where one is bought and the other is sold. The format for quoting currency pairs is always AAABBB, where AAA is the base currency and BBB is the quote currency. In other words, a currency pair shows how much of the quote currency is needed to purchase one unit of the base currency. For example, EUR/USD 1.3214 means that 1.3214 U.S. Dollars are needed to purchase 1 Euro. Although there is no universal rule of thumb, the more "expensive" currency usually comes first.

Currency pairs are quoted accurate to 4 decimal places because forex spreads are usually very small and forex transactions usually involve very large amounts of currency. The last decimal place defines the smallest possible move that a currency pair can make and is called a pip, price interest point or percentage interest point. For example, if the EUR/USD changes from 1.3214 to 1.3215, it would have moved up by 1 pip. If it changes from 1.3214 to 1.3204, it would have moved down by 10 pips. On average, the EUR/USD - which is the most-traded major - moves by 100 pips per day.

Majors

Majors are the most liquid and widely-traded currency pairs in the world. Trades involving majors make up approximately 90% of trading in the global foreign exchange market. The 6 majors are:

  • EUR/USD, also known as the "euro"
  • GBP/USD, also known as the "cable"
  • USD/CHF, also known as the "swissie"
  • USD/JPY, also known as the "ninja"
  • USD/CAD, also known as the "loonie" or "beaver"
  • AUD/USD, also known as the "aussie"

Crosses

Crosses, or cross rates, are currency pairs that do not include the U.S. Dollar as the base or quote currencies. Some examples of crosses are:

Currency Pairs on Wikinvest