{"id":10757,"date":"2025-01-29T11:25:57","date_gmt":"2025-01-29T11:25:57","guid":{"rendered":"https:\/\/unitedpips.com\/knowledgebase\/resources\/topic-index\/learn-forex\/what-is-a-currency-pair\/"},"modified":"2025-01-29T11:26:59","modified_gmt":"2025-01-29T11:26:59","slug":"what-is-a-currency-pair","status":"publish","type":"docs","link":"https:\/\/unitedpips.com\/knowledgebase\/docs\/topic-index\/learn-forex\/what-is-a-currency-pair\/","title":{"rendered":"What Is a Currency Pair?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10757\" class=\"elementor elementor-10757\" data-elementor-post-type=\"docs\">\n\t\t\t\t<div class=\"elementor-element elementor-element-51caf1a e-flex e-con-boxed e-con e-parent\" data-id=\"51caf1a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4db63f6 elementor-widget elementor-widget-text-editor\" data-id=\"4db63f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In forex trading, a <strong>currency pair<\/strong> represents the exchange rate between two currencies. It consists of:<\/p><ul><li><strong>Base Currency<\/strong> \u2013 The first currency in the pair.<\/li><li><strong>Quote Currency<\/strong> \u2013 The second currency, showing the value of one unit of the base currency.<\/li><\/ul><p>For example, in <strong>GBP\/JPY<\/strong>:<\/p><ul><li><strong>GBP (British Pound)<\/strong> is the <strong>base currency<\/strong>.<\/li><li><strong>JPY (Japanese Yen)<\/strong> is the <strong>quote currency<\/strong>.<\/li><\/ul><p>If <strong>GBP\/JPY = 150.25<\/strong>, it means <strong>1 British pound is worth 150.25 Japanese yen<\/strong>.<\/p><p>Currency pairs are fundamental to forex trading, allowing traders to speculate on the price movements between different currencies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In forex trading, a currency pair represents the exchange rate between two currencies. It consists of: Base Currency \u2013 The first currency in the pair. Quote Currency \u2013 The second currency, showing the value of one unit of the base currency. For example, in GBP\/JPY: GBP (British Pound) is the base currency. JPY (Japanese Yen) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9546,"menu_order":21,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-10757","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/10757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/comments?post=10757"}],"version-history":[{"count":4,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/10757\/revisions"}],"predecessor-version":[{"id":10761,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/10757\/revisions\/10761"}],"up":[{"embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/9546"}],"wp:attachment":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/media?parent=10757"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/doc_tag?post=10757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}