Nigeria
2025-01-29 05:29
IndustriForex market pairs
#firstdealofthenewyearFateema
Forex foreign exchange) market pairs are divided into three main categories: major pairs, minor pairs, and exotic pairs. Here’s an overview:
---
1. Major Pairs
These are the most traded currency pairs in the world and always include the USD as either the base or quote currency.
Examples:
EUR/USD (Euro/US Dollar)
USD/JPY (US Dollar/Japanese Yen)
GBP/USD (British Pound/US Dollar)
USD/CHF (US Dollar/Swiss Franc)
AUD/USD (Australian Dollar/US Dollar)
USD/CAD (US Dollar/Canadian Dollar)
NZD/USD (New Zealand Dollar/US Dollar)
---
2. Minor Pairs
These pairs do not include the US Dollar but involve other major currencies.
Examples:
EUR/GBP (Euro/British Pound)
EUR/AUD (Euro/Australian Dollar)
GBP/JPY (British Pound/Japanese Yen)
CHF/JPY (Swiss Franc/Japanese Yen)
AUD/JPY (Australian Dollar/Japanese Yen)
---
3. Exotic Pairs
These consist of one major currency and one currency from an emerging or smaller economy. They are less liquid and more volatile.
Examples:
USD/TRY (US Dollar/Turkish Lira)
USD/SEK (US Dollar/Swedish Krona)
EUR/TRY (Euro/Turkish Lira)
GBP/ZAR (British Pound/South African Rand)
USD/THB (US Dollar/Thai Baht)
---
Each pair is represented as Base Currency/Quote Currency, and the value shows how much of the quote currency is needed to buy one unit of the base currency.
Would you like help with analyzing any specific pair or strategy?
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Forex market pairs
Nigeria | 2025-01-29 05:29
#firstdealofthenewyearFateema
Forex foreign exchange) market pairs are divided into three main categories: major pairs, minor pairs, and exotic pairs. Here’s an overview:
---
1. Major Pairs
These are the most traded currency pairs in the world and always include the USD as either the base or quote currency.
Examples:
EUR/USD (Euro/US Dollar)
USD/JPY (US Dollar/Japanese Yen)
GBP/USD (British Pound/US Dollar)
USD/CHF (US Dollar/Swiss Franc)
AUD/USD (Australian Dollar/US Dollar)
USD/CAD (US Dollar/Canadian Dollar)
NZD/USD (New Zealand Dollar/US Dollar)
---
2. Minor Pairs
These pairs do not include the US Dollar but involve other major currencies.
Examples:
EUR/GBP (Euro/British Pound)
EUR/AUD (Euro/Australian Dollar)
GBP/JPY (British Pound/Japanese Yen)
CHF/JPY (Swiss Franc/Japanese Yen)
AUD/JPY (Australian Dollar/Japanese Yen)
---
3. Exotic Pairs
These consist of one major currency and one currency from an emerging or smaller economy. They are less liquid and more volatile.
Examples:
USD/TRY (US Dollar/Turkish Lira)
USD/SEK (US Dollar/Swedish Krona)
EUR/TRY (Euro/Turkish Lira)
GBP/ZAR (British Pound/South African Rand)
USD/THB (US Dollar/Thai Baht)
---
Each pair is represented as Base Currency/Quote Currency, and the value shows how much of the quote currency is needed to buy one unit of the base currency.
Would you like help with analyzing any specific pair or strategy?
Suka 0
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