A currency pair is the quotation of the relative value of a currency unit against mata uang Forex unit of another currency in the foreign exchange market. Alternatively the slash may be omitted, or replaced by either a dot or a dash. The most traded currency pairs in the world are called the Majors. 2510, the euro has increased in relative value, because either the dollar buying strength has weakened or the euro has strengthened, or both.
2490 the euro has become relatively weaker than the dollar. The rules for formulating standard currency pair notations result from accepted priorities attributed to each currency. From its inception in 1999 and as stipulated by the European Central Bank, the euro has first precedence as a base currency. Therefore, all currency pairs involving it should use it as their base, listed first. Historically, this was established by a ranking according to the relative values of the currencies with respect to each other, but the introduction of the euro and other market factors have broken the original price rankings. For example, while historically Japanese yen would rank above Mexican peso, the quoting convention for these is now MXNJPY, i. Mexican peso has higher priority than Japanese yen.