#DeepSeekImpact

#DeepSeekImpact - Currency Pair

A currency pair refers to two currencies that are traded in the (forex market). The value of the first currency (the base currency) is expressed in relation to the second currency (the quote currency). For example, in the EUR/USD pair:

EUR: Base currency (Euro).

USD: Quote currency (US Dollar).

If the pair price is 1.10, it means that 1 Euro is equal to 1.10 US Dollars. Currency pairs are usually divided into:

Major pairs: such as EUR/USD, GBP/USD, USD/JPY.

Minor pairs: such as EUR/GBP, AUD/NZD.

Eotic pairs: such as USD/TRY or EUR/ZAR.

Price movements depend on economic, political, and supply and demand factors for currencies.