3 Pairs in the Forex Market

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3 Pairs in the Forex Market

In the forex market a currency pair is called a pair such as EUR / USD, GBP / USD, USD / JPY and so on. Well this pair is divided into 3 groups, namely:

  • Major currency pairs
  • Emerging market currency pairs
  • Currency crosses

Major Currency Pairs in Forex Market

forex market

You can see it from the pattern of price movements, volumes and others. The following are the most popular major pairs in the market, including:

  • EUR / USD (euro / U.S. dollar)
  • USD / JPY (U.S. dollar / Japanese yen)
  • GBP / USD (British pound / U.S. Dollar)
  • AUD / USD (Australian dollar / U.S. dollar)
  • USD / CHF (U.S. dollar / Swiss franc)
  • USD / CAD (U.S. dollar / Canadian dollar)

Currency Pairs in Forex Market

Emerging market currency pairs currency pairs traded against USD are paired with currencies that are not considered to be the main currency in the global market. These currencies are like, Swedish krona (SEK), New Zealand dollar (NZD), South African rand (ZAR).

Although paired with US dollars, but this pair is less attractive to the market due to the lack of liquidity in this pair. However, sometimes the Emerging pair becomes a market choice when at certain conditions such as global political turmoil and so on.

The following are Emerging pairs, including:

  • USD / HKD (U.S. dollar / Hong Kong dollar)
  • USD / SEK (U.S. dollar / Swedish krona)
  • NZD / USD (New Zealand dollar / U.S. Dollar)
  • USD / SGD (U.S. dollar / Singapore dollar),¬†USD / NOK (U.S. dollar / Norwegian krone), USD / MXN (U.S. dollar / Mexican peso), USD / ZAR (U.S. dollar / South African rand), USD / DKK (U.S. dollar / Danish krone), USD / THB (U.S. dollar / Thailand baht)

Currency Crosses

Here are some Cross Pairs that are quite attractive to the market because their liquidity is quite high every day, including:

  • GBP / JPY (British pound / Japanese yen)
  • EUR / GBP (Euro / British pound)
  • AUD / JPY (Australian dollar / Japanese yen)
  • EUR / CHF (Euro / Swiss franc)
  • CAD / JPY (Canadian dollar / Japanese yen)
  • EUR / JPY (Euro / Japanese yen)

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