These dynamic global marketplaces facilitate the trading of international currencies, serving as the foundation for worldwide commerce and investment.
When you participate in the forex market, you're essentially exchanging one currency for another based on their relative values, which fluctuate constantly due to economic indicators, central bank policies, geopolitical events, and market sentiment.
Euro/US Dollar
US Dollar/Japanese Yen
British Pound/US Dollar
US Dollar/Swiss Franc
The most traded currency pair in the world, accounting for approximately 28% of daily forex trading volume.
Average Spread The difference between the buy (ask) and sell (bid) price, measured in pips.
0.1-0.7 pips
Volatility
Moderate
Daily Volume (2023)
~$1.5 trillion
Key Influences
ECB policy, Fed policy, Eurozone economics
Notable Characteristics
Most traded pair, highest liquidity
Trading Hours
24 hours, 5 days a week
Did you know? The EUR/USD pair is often called "Fiber" by professional traders, a nickname that originated after the introduction of the euro in 1999.
The second most traded currency pair, representing major economies and known for its strong correlation with US Treasury yields.
Average Spread The difference between the buy (ask) and sell (bid) price, measured in pips.
0.2-0.9 pips
Volatility
Moderate
Daily Volume (2023)
~$1.1 trillion
Key Influences
Fed policy, BOJ policy, risk sentiment
Notable Characteristics
Safe-haven currency in times of market stress
Trading Hours
24 hours, 5 days a week
Did you know? The USD/JPY pair is nicknamed "Ninja" in trading circles, referencing its Japanese connection and sometimes unpredictable movements.
Known as "Cable" due to the transatlantic cable that once connected bid/ask quotes between London and New York.
Average Spread The difference between the buy (ask) and sell (bid) price, measured in pips.
0.5-1.2 pips
Volatility
High
Daily Volume (2023)
~$630 billion
Key Influences
BOE policy, Fed policy, UK economic data
Notable Characteristics
"Cable," known for sharp movements
Trading Hours
24 hours, 5 days a week
Did you know? GBP/USD is one of the oldest currency pairs in the world, with trading history dating back to the 1800s, well before electronic forex trading.
Often called "Swissy," this pair is known for its stability and the Swiss franc's traditional role as a safe-haven currency.
Average Spread The difference between the buy (ask) and sell (bid) price, measured in pips.
0.3-1.0 pips
Volatility
Low to moderate
Daily Volume (2023)
~$440 billion
Key Influences
Fed policy, SNB policy, risk-off flows
Notable Characteristics
Traditional safe-haven asset during crises
Trading Hours
24 hours, 5 days a week
Did you know? The Swiss Franc is considered one of the most stable currencies in the world, earning it the nickname "Swissy" among traders.
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