Glossary entry
A currency pair expresses the price of one currency in units of another. The first is the base currency and the second is the quote currency. Buying the pair normally means taking exposure to a stronger base relative to the quote, while selling expresses the reverse; actual settlement depends on the instrument.
Illustrative example
EUR/USD at 1.1000 means one euro is quoted as 1.10 US dollars. A rise to 1.1200 indicates a stronger euro relative to the dollar.
What to consider
Always identify the base and quote currencies. Reversing the pair changes the numerical exchange rate and the interpretation of a price move.
General information, not a personal recommendation. Product availability, rights, and obligations are determined by the relevant provider, jurisdiction, and approved agreements.