FX Currencies and Rate Conventions

FX currencies and rate conventions are the labels, codes, pair formats, quote directions, and forward-pricing terms used to read foreign-exchange prices correctly. This branch helps readers separate the currency being traded, the rate being quoted, and the market convention that controls settlement, exposure, or conversion math.

Use these pages when a foreign-exchange question depends on whether a term names a Currency, an ISO Currency Code, a Currency Pair, a Cross Rate, or a forward-pricing input such as Forward Points in Currency.

What This Branch Covers

Decision Lens

Start with the actual quote, trade ticket, invoice, hedge schedule, or statement line. Identify the currency code, pair order, quote direction, spot or forward date, and whether the rate is used for trading, reporting, payment, or risk measurement.

Choose a narrower page when the term changes the calculation. A base/quote-currency issue affects how a rate is read; a forward-point issue affects forward price construction; an offshore-currency label can affect access, settlement, and convertibility assumptions.

Evaluation Checklist

• Confirm the currency identifiers before doing any conversion or exposure analysis.
• Check whether the quote is direct, indirect, or a cross rate.
• Distinguish spot conversion from forward pricing and rate-differential effects.
• Note whether the currency is onshore, offshore, restricted, or subject to local market conventions.
• Treat examples as educational context, not as trading, hedging, tax, or legal advice.

Common Mistakes

• Reading a currency pair backward and reversing the economic exposure.
• Treating all dollar, yuan, or pound references as interchangeable without checking the exact code.
• Confusing a spot exchange rate with a forward rate that embeds points or rate differentials.
• Ignoring settlement location, convertibility, or liquidity differences for regional and offshore currencies.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.