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Currency Pair

The two currencies that are involved in a FOREX transaction: a base currency and a quote currency. The first currency...

    Cross Rate

    An exchange rate for any pair of currencies other than the official currency of the country where the quoted rate...

      Base Currency

      The first currency in a currency pair. It is the basis for the buy or the sell: if an investor...

        Carry Trade

        A currency trading/ speculation strategy that involves borrowing in low-interest currencies (low-yielding currencies) in order to invest in high-interest currencies...