$SOL $SOL A currency pair is a term used to refer to the exchange between two different currencies that are traded together in the market. A pair consists of a base currency and a quote currency, such as EUR/USD where EUR is the base currency and USD is the quote currency. The pair represents the value of the base currency against the quote currency. For example, if the price of the EUR/USD currency pair is 1.10, this means that one euro is equal to 1.10 US dollars. The price of the pair is influenced by economic and political factors that affect the value of each currency, and it is used to determine the relative strength between the two currencies in global markets.