Pairing of two currencies for purposes of establishing an exchange rate quotation. Currencies are paired using the ISO currency codes so that the Base Currency appears first and the counter currency appears second. For example, when the Euro is paired with the U.S. dollar it appears as EUR/USD, and the exchange rate quote is based on the number of euros that can be exchanged for dollars.
Browse by Subjects
See All Related Terms »
net transaction exposure
margin of safety
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):