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Currency Pair Definition

A currency pair is the quotation of two currencies, showing how much of the quote currency is needed to buy one unit of the base currency.

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What is a Currency Pair?

Currency pairs are the foundation of forex trading and are typically grouped into majors, minors, and exotics based on liquidity.

Prices for currency pairs fluctuate based on economic data, interest rates, and broader market sentiment.

Example of Currency Pair

EUR/USD, GBP/JPY, and USD/CAD are all examples of currency pairs.

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