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The Currency Pair EUR/USD is the shortened term for the euro and U.S. dollar pair or cross for the currencies of the European Union (EU) and the United States (USD).

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EUR/USD is the world’s most liquid currency pair, and offers traders, who wish to buy or sell it, consistently low spreads throughout. It is the most recommended pair to trade for all types of traders, even newbies, because of the unique combination of liquidity and volatility.

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The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD. The U.S.A. has by far the largest economy in the world.

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Buy rate: This is the rate at which we buy foreign currency back from you and exchange it into your local currency. For example, if you were returning from the UK, we would exchange your British pounds back into US dollars at the buy rate of the day.

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The base currency is the one on the left i.e. EUR/USD, the non-base currency is the one on the right. Usually the pair is quoted as above: EUR/USD – 1.17800 (indicative price) means that every euro you buy, you sell 1.17800 dollars.

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Forex trading is the simultaneous buying of one currency and selling another. Currencies are traded through a broker or dealer, and are traded in pairs. For example the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY). When you trade in the forex market, you buy

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The AUD/USD is the abbreviation for the currency cross of Australia and the United States. It is the forth most traded currency, and is highly correlated with commodity prices.

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The US Dollar is the single most popular currency in the world, and is the dominant reserve currency in use around the globe. The USD is often called 'The Greenback' in reference to its green

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