The euro and US dollar: EUR/USD.
The US dollar and Japanese yen: USD/JPY.
The British pound sterling and US dollar: GBP/USD.
The US dollar and Swiss franc: USD/CHF.
2. Currency Pair
› A currency pair is a price quote of the
exchange rate for two different currencies
traded in FX markets.
› When an order is placed for a currency pair,
the first listed currency or base currency is
bought while the second listed currency in a
currency pair or quote currency is sold.
› The EUR/USD currency pair is considered
the most liquid currency pair in the world.
The USD/JPY is the second most popular
currency pair in the world
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3. Major pair
Major pairs are the most traded currency pairs in the
forex markets. These currency pairs all contain the
U.S. dollar paired to either the Euro, the British Pound
or the Yen.
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4. Three of the most trade
major currency pairs
EUR/USD – Euro/U.S. dollar
USD/JPY – U.S. dollar/Japanese yen
GBP/USD – British pound/U.S. dollar
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5. Exotic pairs are currencies of emerging
economies paired with major
currencies. These pairs are not traded as
often as the majors or minors currency pairs
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Exotic
Currency Pairs
6. Some of the exotic pairs
include:
› USD/HKD US Dollar/Hong Kong Dollar.
› USD/SGD US Dollar/Singapore Dollar.
› USD/SEK US Dollar/Swedish Krona.
› EUR/TRY Euro/Turkish Lira.
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7. Minor Currency
Pairs
When a currency pair doesn’t include the US dollar,
it’s called a minor currency pair or a cross-
currency pair.
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8. Here are a few minor
currency pairs:
› EUR/GBP — Euro/British pound
› EUR/AUD — Euro/Australian dollar
› GBP/JPY — British pound/Japanese yen
› CHF/JPY — Swiss franc/Japanese yen
› NZD/JPY — New Zealand dollar/Japanese yen
› GBP/CAD — British pound/Canadian dollar
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9. There are various factors that can affect the
value of a currency pair, one of the biggest
factor is the economy. You should always
stay updated about the current events in
order to make adjustments to your trades
and help keep you away from severe
losses.
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Conclusion
