What is a currency pair and how does it work? MintGenie tells you
Currency (forex) trading occurs in pairs where one currency is bought against the sale of another. The first of the two currencies in a pair is called the base currency, while the second currency is called the quote currency. It is a way to compare the value of one currency with another i.e. the base currency against the quote currency. It shows how many units of quote currency are needed to buy the base currency.