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