Forex Currencies: live prices, changes, trading volume and daily charts
This pair highlights the trade and economic relationships between the Eurozone and the UK. It is often influenced by political events like Brexit and the policies of the European Central Bank and the Bank of England. Traders focus on EUR/GBP to gain insights into European and UK economic trends.
d. USD/CHF
This pair is popular because of the volatility of the Japanese yen and the stability of the US dollar. It is also popular among carry traders, who borrow money itrader review in US dollars to invest in Japanese assets. The forex pair that “pays the most” often depends on the trading strategy and market conditions.
However, always remember to base all trade decisions on careful analysis, with adequate risk management measures in place. Key reports such as employment numbers, GDP growth, and inflation rates provide a snapshot of a country’s economic health. Positive data, like strong job creation or rising GDP, often boosts a currency’s value as it signals a strong economy. Unexpected results, like disappointing job numbers or higher-than-expected inflation, can cause sharp and immediate price shifts in currency pairs.
The major forex pair is most active during the Asian session, providing a good opportunity for traders seeking activity outside of European and US trading hours. Furthermore, most minor currencies are quoted as the counter currency in currency pairs with U.S. There is no one “best” pair in forex trading, as each currency pair has its own unique characteristics and can offer different opportunities and challenges for traders. Exotic or emerging market currency pairs involve a coinberry review major currency paired with a currency from an emerging or less developed economy such as Brazil, Mexico, or South Africa. Even though it is a 24-hour market, 5 days a week, it is usually better to trade currency pairs in your time zone – this is due to liquidity and cheaper pricing again. The currency majors and minors (plus exotic forex pairs) are categorised by popularity and liquidity.
Which is the most actively traded currency pair?
When there are economic difficulties worldwide, this currency tends to remain stable. This currency is based on the value of the dollar compared to the Swiss franc. The price you see on the charts reflects how many francs you need to buy for one dollar.
Trading
The Swiss Franc is renowned for being a safe-haven currency, representing Switzerland’s political neutrality and economic stability. The US Dollar, on the other hand, is a dominant force in global trade and finance. This pair is favored by traders during periods of geopolitical or economic uncertainty, as it provides a hedge against market volatility. Its relatively stable movements make it an excellent choice for conservative traders.
- This liquidity and volume make them relatively predictable compared to other pairs.
- While this provides opportunities, it also means these pairs can be heavily influenced by economic releases like GDP data, employment reports, or central bank announcements.
- A decisive break above this moving average may signal completion of the corrective phase, with potential for extension toward the 0.67 level.
- The world’s least traded currencies are typically those from small or isolated economies with limited international engagement.
In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk.
USD/HKD (US Dollar/Hong Kong Dollar)
- Each plays a unique role, often impacted by their respective central banks, economic conditions, and global trade.
- In this article, we will delve into the characteristics of major currency pairs that FX traders should know, and how to approach trading strategies tailored to each currency pair.
- The USDCHF currency pair represents the exchange rate between the United States Dollar and the Swiss Franc.
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The New Zealand dollar is also considered to be a high-yielding currency, which makes it popular among carry traders. The AUD/USD pair represents the exchange rate between the Australian dollar and the US dollar. Australia is a major exporter bdswiss review of commodities, such as coal and iron ore, so this pair is often affected by changes in commodity prices. The Australian dollar is also considered to be a high-yielding currency, which makes it popular among carry traders.
Correlation of Major Currency Pairs and Portfolio Management
The Hong Kong Dollar ranks as one of the top traded currencies, primarily due to Hong Kong’s position as a major financial hub in Asia and its close trade ties with mainland China. The HKD is pegged to the USD within a tight range (7.75–7.85 HKD per USD), and this stability attracts international investment and supports high trading volumes. The currency’s daily trading volume is significant, with much of it driven by Hong Kong’s extensive financial services sector, as well as its deep connection with mainland China’s economy. We’ll look at the top 10 currency list, why each is so widely traded, the major forex pairs in which they feature, and the key factors that make them essential to the forex market.
This makes them attractive to traders who want to enter and exit the market quickly. Step into the world of forex, where fortunes are made and lost every second. With a daily trading volume of over $7.5 trillion, forex is the largest and most liquid market.
Lower transaction costs and reliable market access make them practical choices for traders at all levels. This major currency pair is highly liquid, especially during the Tokyo trading session, and responds strongly to monetary policy decisions from the Bank of Japan (BoJ) and the Federal Reserve. However, the yen’s ultra-low interest rates often create opportunities for carry trades, where traders borrow in yen to invest in higher-yielding assets, impacting the pair’s long-term trends. I also highlight the importance of major currency pairs due to their high liquidity and trading volume.
So if you’re trying to figure out which currency pairs you should be trading, this guide is for you. In other words, when you acquire one, you’re relying on those two currencies to secure your position and get the outcome you want. Consider pairs that match the times you plan to trade, such as EUR/USD during the London-New York session overlap.
As of 2025, the Kuwaiti Dinar (KWD) holds the title for the highest-valued currency in the world. Its exchange rate is consistently strong against other major currencies, with 1 Kuwaiti Dinar often valued at over 3 US dollars. The high value of the dinar is largely due to Kuwait’s wealth from oil exports, its stable economy, and a carefully managed currency policy by the Central Bank of Kuwait.
The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Please bear with us as we address this and restore your personalized lists. Highly liquid and stable pairs like USD/JPY and EUR/USD are recommended.
Currencies from strong economies inspire trust and offer high liquidity, letting traders buy and sell without crazy price swings. Plus, with global demand and active central banks, these currencies are always in motion. Comprehending currency pairs facilitates the interpretation of exchange rate fluctuations and the formulation of well-informed trading decisions contingent on market circumstances. A currency pair in forex trading shows the exchange rate between two currencies, indicating how much of one is needed to buy the other.
Note that this is not an exhaustive list of every possible currency pair, as many other less common or more exotic pairs may be available for trading through certain brokers or trading platforms. If you’re interested in trading foreign exchange, you’ll need to understand the forex market, the global economy, the world’s currencies and their relationships to one another. The EURUSD is the most traded currency pair due to its widened appeal with the EUR and USD.