Forex Trading Terms

AUD/CAD expresses the value of the Australian dollar in Canadian dollars, or how many Canadian dollars one Aussie dollar will buy.

AUD/CHF pairs the Australian dollar with the Swiss franc, showing how many francs one Australian dollar will buy.

AUD/CNH is the Australian dollar quoted in offshore Chinese renminbi, showing how many offshore yuan one Australian dollar will buy.

AUD/JPY is the exchange rate between the Australian dollar and the Japanese yen, showing how many yen one Australian dollar will buy.

AUD/NZD is the exchange rate between the Australian dollar and the New Zealand dollar, showing how many New Zealand dollars one Australian dollar will buy.

AUD/SGD is the price of the Australian dollar in Singapore dollars, showing how many Singapore dollars it takes to buy one Australian dollar.

AUD/USD is the exchange rate between the Australian dollar and the US dollar, showing how many US dollars one Australian dollar will buy.

AUD/ZAR pairs the Australian dollar with the South African rand, expressing how many rand one Australian dollar will buy.

BRL is the currency code for the Brazilian real, the official currency of Brazil.

Buck is the colloquial term for the US dollar.

Cable is the forex market's nickname for the GBP/USD currency pair, the exchange rate between the British pound and the US dollar.

CAD is the currency code for the Canadian dollar, the official currency of Canada.

CAD/CHF is the exchange rate between the Canadian dollar and the Swiss franc, the number of francs one Canadian dollar buys.

CAD/JPY is the exchange rate between the Canadian dollar and the Japanese yen, showing how many yen one Canadian dollar will buy.

A carry trade is a strategy that profits from the interest rate gap between two currencies, assets, or instruments.

CHF/JPY is the price of the Swiss franc in Japanese yen, showing how many yen one franc will buy.

CHF/ZAR is the Swiss franc expressed in South African rand, showing how many rand one franc will buy.

A currency is the official money of a country, region, or monetary authority.

A currency pair is the quotation of two currencies traded against each other in the forex market.

A currency symbol is an identifier that represents a currency in financial markets.

Currency trading is the practice of exchanging one currency for another to profit from changes in their relative value.

EGP is the currency code for the Egyptian pound, the official currency of Egypt.

EUR/AUD is the exchange rate between the euro and the Australian dollar, showing how many Australian dollars one euro will buy.

EUR/CAD is the exchange rate between the euro and the Canadian dollar, showing how many Canadian dollars one euro will buy.

EUR/CHF tells you how many Swiss francs one euro will buy, the exchange rate between two of Europe's core currencies.

EUR/CNH is the euro measured against the offshore Chinese renminbi, showing how many offshore yuan one euro will buy.

EUR/CZK is the exchange rate between the euro and the Czech koruna, indicating how many koruna one euro will buy.

EUR/GBP is the exchange rate between the euro and the British pound, showing how many pounds one euro will buy.

EUR/HKD represents the euro priced in Hong Kong dollars, that is, how many Hong Kong dollars one euro will buy.

EUR/JPY is the exchange rate between the euro and the Japanese yen, showing how many yen one euro will buy.

EUR/NOK quotes the euro in Norwegian kroner, showing how many kroner one euro will buy.

EUR/NZD measures the euro against the New Zealand dollar, showing how many New Zealand dollars one euro buys.

EUR/SEK prices the euro in Swedish kronor, telling you how many kronor one euro will buy.

EUR/SGD is the exchange rate between the euro and the Singapore dollar, telling you how many Singapore dollars one euro will buy.

EUR/TRY is the exchange rate between the euro and the Turkish lira, showing how many lira one euro will buy.

EUR/USD is the exchange rate between the euro and the US dollar, showing how many US dollars one euro will buy.

An exchange rate is the value of one currency expressed in another: the price at which you swap one for the other.

Fiat currency is government-issued money that is accepted as legal tender but is not backed by a physical commodity such as gold or silver.

Fiber, also spelled Fibre, is the forex slang term for the EUR/USD currency pair, where EUR is the base currency and USD is the quote currency.

A forex fix is a benchmark exchange rate set from market prices collected during a short window at a fixed time each day.

The foreign exchange market (also the forex market or FX market) is the global market where currencies trade against each other.

GBP/AUD is the exchange rate between the British pound and the Australian dollar, showing how many Australian dollars one pound will buy.

GBP/CAD tracks the British pound against the Canadian dollar, showing how many Canadian dollars one pound will buy.

GBP/CHF is the exchange rate between the British pound and the Swiss franc, showing how many francs one pound will buy.

GBP/JPY is the exchange rate between the British pound and the Japanese yen, showing how many yen one pound will buy.

GBP/NOK measures the British pound against the Norwegian krone, or how many kroner one pound will buy.

GBP/NZD is the rate at which the British pound converts into New Zealand dollars, showing how many of the latter one pound will buy.

GBP/SEK measures the British pound against the Swedish krona and tells you how many krona one pound will buy.

GBP/SGD is the exchange rate between the British pound and the Singapore dollar, showing how many Singapore dollars one pound buys.

GBP/USD is the exchange rate between the British pound and the US dollar, showing how many US dollars one pound will buy.

Gopher is the forex slang term for the USD/JPY currency pair, where USD is the base currency and JPY is the quote currency.

Intervention is a deliberate action by a central bank, government, or regulator to influence markets, currency values, or financial stability.

Kiwi is the forex market's nickname for the New Zealand dollar, and for NZD pairs such as NZD/USD.

Loonie is the forex slang term for the Canadian dollar, which uses the code CAD.

Majors are the major currency pairs in the forex market: the US dollar paired with another heavily traded currency such as the euro, British pound, Japanese yen, Swiss franc, Australian dollar, Canadian dollar, or New Zealand dollar.

NOK/SEK is the rate between the Norwegian krone and the Swedish krona, telling you how many krona one krone will buy.

NZD/CAD sets the New Zealand dollar against the Canadian dollar, telling you how many Canadian dollars one New Zealand dollar is worth.

NZD/CHF is the exchange rate between the New Zealand dollar and the Swiss franc, showing how many francs one New Zealand dollar will buy.

NZD/JPY shows how many Japanese yen one New Zealand dollar will buy.

NZD/SEK sets the New Zealand dollar against the Swedish krona and shows how many krona one New Zealand dollar will buy.

NZD/SGD is the exchange rate between the New Zealand dollar and the Singapore dollar, showing how many Singapore dollars one New Zealand dollar will buy.

NZD/USD is the exchange rate between the New Zealand dollar and the US dollar, showing how many US dollars one New Zealand dollar will buy.

Parity is a state in which two financial values are equal or economically equivalent.

A pip is the standard unit of price movement in the forex market.

SGD/JPY converts the Singapore dollar into Japanese yen, showing how many yen one Singapore dollar is worth.

USD/CAD is the exchange rate between the US dollar and the Canadian dollar, showing how many Canadian dollars one US dollar will buy.

USD/CHF is the exchange rate between the US dollar and the Swiss franc, showing how many francs one dollar will buy.

USD/CNH is the exchange rate between the US dollar and the offshore Chinese renminbi, showing how many offshore renminbi one US dollar will buy.

USD/CZK is the exchange rate between the US dollar and the Czech koruna, showing how many koruna one dollar will buy.

USD/DKK is the exchange rate between the US dollar and the Danish krone, showing how many kroner one dollar will buy.

USD/HKD is the exchange rate between the US dollar and the Hong Kong dollar, showing how many Hong Kong dollars one US dollar will buy.

USD/JPY is the exchange rate between the US dollar and the Japanese yen, showing how many yen one dollar will buy.

USD/MXN is the exchange rate between the US dollar and the Mexican peso, showing how many pesos one US dollar will buy.

USD/NOK measures the US dollar against the Norwegian krone, telling you how many kroner one dollar will buy.

USD/SEK is the price of the US dollar in Swedish kronor, showing how many kronor one dollar will buy.

USD/SGD is the exchange rate between the US dollar and the Singapore dollar, showing how many Singapore dollars one US dollar will buy.

USD/TRY pairs the US dollar with the Turkish lira and shows how many lira one dollar will buy.

USD/ZAR is the exchange rate between the US dollar and the South African rand, showing how many rand one US dollar will buy.