Currency Pair

Currencies are traded in pairs. Trade a currency basically means selling one currency for another. Traders who do so are expecting the currency they’re buying to rise relative to their selling currencies.

Currency pairs are just a simple way to express this relation. For example, The euro/British pound currency pair is expressed as follows: EUR/GBP.

If this particular pair has an exchange rate of 0.92, one euro can currently buy for 0.92 GBP. Traders expecting this number to go up will want to buy this pair, while traders who expect it to drop will want to sell this pair.

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