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What is a forex pair?

By August 28, 2022 - 10:24am

A forex pair is a combination of two currencies that are traded against each other. There are hundreds of different combinations to choose from, but some of the most popular include the euro against the US dollar (EUR/USD), the US dollar against the Japanese yen (USD/JPY) and the British pound against the US dollar ( GBP/USD).

On the currency pair chart from RM investment bank https://www.rmib.com/my/beginners/info/charts/currencies/ you will see the difference in currencies and their exchange rates, as well as how the current price changes over time . These prices range from GBP/JPY (British Pounds to Japanese Yen) to EUR/USD (Euro to US Dollars) and other currency pairs you can view.

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