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General What are the most popular Forex Pairs?

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mosakr38

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What are the most popular Forex Pairs?
For this forex explanation article to be completely complete, we need to review the most popular instruments or currencies traded that traders have access to.

The most traded currencies are the Euro (EUR), the US Dollar (USD), the Japanese Yen (JPY), the British Pound (GBP) and the Swiss Franc (CHF). Hence, the most popular currency pairs (also known as the majors) are the ones that are most used. The most traded currencies are: the euro against the US dollar, the British pound against the US dollar, the US dollar against the Japanese yen, and the US dollar against the Swiss franc.
There are three other currencies that are very frequent in forex trading: the New Zealand dollar (NZD), the Australian dollar (AUD) and the Canadian dollar (CAD). When linked to other currencies in a pair, they are categorized as "crosses": NZDCAD, USDCAD or AUDUSD.

All currency pairs that include the Russian ruble, the Czech koruna, the Polish zloty, the Hungarian forint, the Swedish krona, or the Norwegian krone are considered "exotic" pairs. They account for only 10% of the currency exchange market.
 

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