In the foreign exchange or the ‘FX’ market, currencies are exchanged at specified exchange rates in global financial markets, around the clock, fluctuating in value and responding to market forces.
Currencies are always priced/valued in comparison to another currency. Currency pairs have a base currency (the first currency in the pair) and the quote currency (the second currency in the pair). In FX trading, every trade involves buying of one currency while simultaneously selling another at the current exchange rate.
Currency and Currency Pairs Data are examples of data that belong to Calypso’s configuration Reference Data and must be defined in order to use Calypso.
This module reviews the Currency Pairs and/or Cross Currency Pair setup required to transact a trade in Calypso.