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HomeRight Arrow TerminologyRight Arrow Currency Pair

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Currency Pair

A currency pair is the quotation of two different currencies, where one is quoted against the other. A currency pair’s first listed currency is referred to as the base, and the second listed currency – which serves as the benchmark – is known as the quote. It shows how much of the base currency must be exchanged for one unit. An ISO currency code or the three-letter alphabetic code that corresponds to a currency on the global market is used to identify it. Therefore, USD would be the ISO code for the US dollar.

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