Settlement currency
In forex (fx) trading, the settlement currency (also referred to as payment currency) is the second currency listed in the currency pair description (example: EUR.USD). The transaction currency multiplied by the exchange rate will indicate the settlement currency amount for the transaction. For example, an order to buy 100,000 EUR.USD @ 1.353 has a settlement currency amount of USD 135,300
Example:
An order to buy 100,000 EUR.USD @ 1.353 has a settlement currency (USD) amount of 135,300.