Currency Pair

Release date: 2020-04-15 13:36
Refers to the quotation of one currency in terms of the other, for example EUR/USDNZD/CAD. The first currency is called a base currency and the second currency in the pair is known as a quote currency. When you open a Buy order, you buy the base currency and sell the quote currency. It is opposite for a Sell order - you sell the base currency and buy the quote one.