Currency Pairs

Currency pairs represent the exchange rate between two different currencies in the forex market. they are categorized into major, minor, and exotic pairs based on their trading volume and market liquidity. the first currency in the pair is the base currency, while the second is the quote currency. traders buy or sell currency pairs based on price movements, aiming to profit from fluctuations in exchange rates. examples include eur/usd, gbp/jpy, and usd/zar.