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A currency pair is the quotation of the relative value of a currency unit against the 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.