scorecardresearchWhat is a currency pair and how does it work?

What is a currency pair and how does it work?

Updated: 10 Feb 2023, 05:05 PM IST
TL;DR.

To understand forex trading, it is important to know currency pairs since the buying and selling of global currencies takes place in pairs. In a pair, one currency is bought, known as base currency, in exchange of the other i.e. quote currency.

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First Published: 10 Feb 2023, 04:34 PM IST