Currency Pairs
Published on Jumat, 04 Oktober 2013
11.17 //
Forex Article,
Forex Tutorial
Currency Pairs
Currency pairs are written by concatenating the ISO currency codes (ISO 4217) of the base currency and the quote currency, separating them with a slash character.
Example: GBP/USD
- GBP -> base currency
- USD -> quote/counter currency
Major pairs
The most traded currency pairs in the world are called the Majors.They involve Euro, US dollar, Japanese yen, Pound sterling, Australian dollar, Canadian dollar and the Swiss franc.
The Majors are:
- EUR/USD - Euro/US dollar
- USD/JPY - US dollar/Japanese Yen
- GBP/USD - British Pound/US dollar
- AUD/USD - Australian dollar/US dollar
- USD/CHF - US dollar/Swiss franc
- USD/CAD - US dollar/Canadian dollar
Minor Pairs
The Minor Currency Pairs ("Minors”) consist of those currencies
traded less actively than the Majors, although their economies are still
significant and they also tend to be active in international trade.Exotic Pairs
The Exotic Pairs ("Exotics") are those pairs that are from emerging
economies rather than from developed/industrialized nations. This
includes:- USD/TRY - US dollar/Turkish lira
- EUR/TRY - Euro/Turkish lira
- USD/ZAR - US dollar/South African rand
- EUR/ZAR - Euro/South African rand
- USD/CNY - US dollar/Chinese Yuan
- USD/INR - US dollar/Indian Rupee
- USD/MXN - US dollar/Mexican peso
- USD/SGD - US dollar/Singapore dollar
- etc.
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Currency Pairs/Currencies nicknames
Currency pairs and currencies are often referred to by nicknames by
traders rather than their symbolic nomenclature. These are some common
examples:
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*Table taken from Wikipedia (latest data can be
obtained from the Triennial Central Bank Survey of Foreign Exchange and
Derivatives Market Activity,
http://www.bis.org/publ/rpfxf10t.pdf) |
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Most traded currencies by value
Currency distribution of global foreign exchange market turnover[1]| Rank | Currency | ISO 4217 code | Symbol | daily share (%) |
| 1 | United States dollar | USD | $ | 84.9% |
| 2 | Euro | EUR | € | 39.1% |
| 3 | Japanese yen | JPY | ¥ | 19.0% |
| 4 | Pound sterling | GBP | £ | 12.9% |
| 5 | Australian dollar | AUD | $ | 7.6% |
| 6 | Swiss franc | CHF | Fr | 6.4% |
| 7 | Canadian dollar | CAD | $ | 5.3% |
| 8 | Hong Kong dollar | HKD | $ | 2.4% |
| 9 | Swedish krona | SEK | kr | 2.2% |
| 10 | New Zealand dollar | NZD | $ | 1.6% |
| 11 | South Korean won | KRW | ₩ | 1.5% |
| 12 | Singapore dollar | SGD | $ | 1.4% |
| 13 | Norwegian krone | NOK | kr | 1.3% |
| 14 | Mexican peso | MXN | $ | 1.3% |
| 15 | Indian rupee | INR | $ | 0.9% |
| 16 | Other | 12.2% | ||
| Total | 200% |
The ISO Code of the most known currencies:
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ISO Codes for precious metals:
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