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Each currency has a value and the relationship of those values contributes to the price of the pairs. So does trader interest. Currencies are always traded in pairs because when you buy or sell one currency, you automatically sell or buy another.
In every currency pair, there is a base currency and a quote currency. The http://blogforex.tech/profit/how-to-trade-foreign-exchange.html currency is the first currency online fx trading, on the left.
The quote currency is trrading second currency, online fx trading the right. The price for a currency pair is the amount of the quoted currency required to purchase one unit of the base onlne. A currency pair price of 1.
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