---
title: What are Currency Pairs?
description: A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first currency in a currency pair is called the “base” currency, and the second currency is called the…
url: "https://ms.wmmarkets.com/knowledge-base/trading/what-are-currency-pairs/"
updated: "2024-10-09"
category: Trading
---

# What are Currency Pairs?

A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first currency in a currency pair is called the “base” currency, and the second currency is called the “quote” currency.