The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
The exchange rate of a currency pair expressed in terms of the foreign currency for 1 unit of domestic currency. The base currency represents the domestic currency whereas the quote represents the foreign currency. For example, USDEUR = 0.90120.
Category: Forex Market