Currency Pair

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.
Daily FX  Feb 10  Comment 
Frustration is abundant when you’re ‘right’ in a trade, but still lose. Currency pair selection can bring significant value to the FX Trader.
FX Street  Jan 29  Comment 
Good morning from beautiful Hamburg and welcome to our Daily FX Report. Yesterday, the Turkish... For more information, read our latest forex news and reports.
Daily FX  Jan 15  Comment 
Currency selection is key for traders using scalping strategies. Learn which pairs to trade with part 2 of The Definitive Guide to Scalping.
Daily FX  Jan 6  Comment 
Have you ever wanted to trade a non USD currency pair, that wasn't available for trading? Learn how to create and trade synthetic currency pairs!
FX Street  Dec 5  Comment 
A ForexTrading.TV Technical Analysis Video Alert for AUDNZD For more information, read our latest forex news and reports.
FX Street  Dec 2  Comment 
With only a couple of weeks left this year, some investors are starting to round up their trades... For more information, read our latest forex news and reports.
FX Street  Nov 13  Comment 
Major currency pairs giving off warning signs of more USD strength ahead. For more information, read our latest forex news and reports.


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 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, 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