The price of an asset. The value of a currency traded in the forex market is always expressed relative to that of another currency like the U.S. dollar, and so currencies generally trade in pairs. Perhaps a more objective means of assessing the value of a currency might be to determine how many units are required to purchase a given amount of a hard currency like gold or silver.
Browse by Subjects
U.S. Dollar Index (USDX)
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):