Kamis, 01 Maret 2018

Currency Pairs List

Currency Pairs List

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About Currency Pairs

Foreign exchange trade or forex trading is all about buying and selling currencies in pairs or rather exchanging one for the other. For buying and selling currencies, you need to be informed with regard to how much one of the currencies is worth in terms of the other.

The statement of this relation is made in terms of a currency pair. So a currency pair is the quoting of two currency abbreviations followed by a listing of the value of base currency with reference to the counter currency. The foreign exchange rates are decided by the import and export volumes between two countries. There is an international code which specifies the nomenclature for stating currency pairs. For example, a quote like EUR/USD 1.23 means that 1 Euro is worth 1.23 USD. Here the base currency is Euro (EUR) and thne counter currency is US dollar. Thus, every currency pair is listed in the foreign exchange markets across the world.

Forex Major Currency Pairs

Not surprisingly, the most dominant and strongest, as well as the most widely traded currency is the US dollar. It features in all the major currencies pairs of the world listed below. The reason for this is the sheer size of the US economy. US dollar is the currency that is the preferred reference in most currency trading transactions around the world. It is the dominant reserve currency of the world. Listed below are the forex major currency pairs that have a high liquidity and take up the major share of forex transactions.

EUR/USD (Euro - US Dollar) USD/JPY (US Dollar - Japanese Yen) GBP/USD (Pound Sterling - US Dollar) AUD/USD (Australian Dollar - US Dollar) USD/CHF (US Dollar - Swiss Franc) USD/CAD (US Dollar - Canadian Dollar)

The values of these currencies keep fluctuating according to each other, as the trade volumes between the two countries keep changing every year. The latest currency exchange rates can be found on sites that offer live foreign exchange reports. Currency converters are now widely available online, which can calculate the value of a currency with reference to another, at the current market value.

These are the major currency pairs of the world and are traded the most. These major currency pairs are naturally associated with countries that are financial superpowers with a high volume of trade. The dynamics of the foreign exchange trade is a key pointer to the pulse of the world economy, along with it's rising and falling financial fortunes.

As a wave of globalization engulfs most countries, the fates of these currency pairs are inextricably intertwined. Be certain to study the foreign exchange market in depth before entering this market which never sleeps.

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