Currency pairs

Currency pairs definition

A currency pair is quoted against the US Dollar (USD). A currency pair is read as the left quoted currency buying x amount of the right quoted currency.

How to read currency pairs

Any currency is quoted against the US Dollar which is the world’s reserve currency. For example:

USD/AUD = US Dollar vs the Australian Dollar

USD/AUD = 1.4473

This means that one US Dollar (USD) buys 1.4473 Australian Dollars.

To learn more about currencies check our free Forex Trading guide.

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