Glossary
Currency pair: meaning, example and why it matters
A quote of one currency against another, such as EUR/USD. The first is the base currency and the second is the quote currency; the price shows how much of the quote buys one unit of the base.
Worked example
EUR/USD at 1.0800 means 1 euro costs 1.08 US dollars. A trader buying the pair buys euros with dollars.
Illustrative numbers for explanation only. They are not market data, a forecast or a suggestion.
Why it matters
Every forex price is one currency measured in another, so reading the base and quote correctly matters.
Related terms
See it in practice
Frequently asked questions
What is the base currency in a pair?
The first currency is the base and the second is the quote.
Is this page investment advice?
No. Currency pair is explained in general terms with illustrative numbers. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser.
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Educational content, not investment advice. Market Dekho is not a SEBI-registered Research Analyst or Investment Adviser. Spotted a mistake? Email marketdekho01@gmail.com.