Currency pair

Approximate forex session hours in UTC, how daylight saving shifts them, the overlaps, which pairs are active when, and what the weekend close means.

The first currency in a pair; the quoted price tells you how much of the second currency one unit of it costs.

The second currency in a pair; the price of the pair is expressed in units of it.

One of the most-traded currency pairs, each pairing the US dollar with another large currency, such as EUR/USD or USD/JPY.

A currency pair that doesn't include the US dollar, such as EUR/GBP, EUR/JPY or AUD/NZD.

The standard unit of price change in forex: 0.0001 for most pairs and 0.01 for pairs quoted in Japanese yen.

The difference between the buy (ask) and sell (bid) price of an instrument; in conventional trading it is a built-in cost of every position.

The part of the 24-hour forex day when a major financial centre — Sydney, Tokyo, London or New York — is open and active.

The rate a central bank sets to steer borrowing costs; differences between countries' rates are a major driver of exchange rates.