Forex & crypto
Currency pair
A currency pair represents the value of one currency against another, such as EUR/USD.
A currency pair represents the value of one currency against another, such as EUR/USD.
The first currency is the "base," the second the "quote." The price shows how much of the second is needed to buy one unit of the first. Buying the pair means betting the base rises against the quote.
EUR/USD at 1.08 means it takes 1.08 dollars to buy 1 euro.
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