2.1 Currency Pairs

You might also like

Download as pptx, pdf, or txt
Download as pptx, pdf, or txt
You are on page 1of 2

Currency pairs

A currency pair is a quote of one currency against another currency. This is a


form of comparism between two currencies. Eg. EUR/USD, GBP/USD,
USD/CAD, EUR/AUD, GBP/NZD etc. There are thousands of currency pairs
in the Forex market.
BASE CURRENCY: The First currency listed. It is always 1

QUOTE CURRENCY: The Second currency listed. It is the exchange rate


between the Base and Quote currencies
Each Currency in the world can be identified by a 3 letter code know as its ISO
Currency Code.

ISO = International Organization for Standardization


Iso codes of some major currencies
US Dollars ------------------
USD
Euro ------------------------ EUR
GB Pounds -----------------
GBP
New Zealand Dollars ------
NZD
Canadian Dollars ----------
CAD
Australian Dollars ---------
AUD
Japanese Yen -------------- JPY
Singaporean Dollar --------
SGD

You might also like