UNDERSTANDING FX BASICS The Four Major Currency Pairs
Symbols
1. Euro Currency/US Dollar
EUR/USD
2. Great Britain Pound/US Dollar
GBP/USD
3. US Dollar/Swiss Francs
USD/CHF
4. US Dollar/ Japanese Yen
USD/JPY
Table 2.1 Highly traded currency pairs.
Other currency pairs Besides the four majors, there are many other currency pairs. They are sometimes referred to as the minor currency pairs. Here are some examples: Asian Currency
Symbols
1. Australian Dollar/US Dollar
AUD/USD
2. US Dollar/Singapore Dollar
USD/SGD
3. US Dollar/Korean Won
USD/KWR
4. US Dollar/China Yuan
USD/CNY*
* Some brokers use CNY, while some brokers use RMB
Others
Symbols
1. US Dollar/South African Rand
USD/ZAR
2. US Dollar/Mexico Peso
USD/MXN
3. US Dollar/Swedish Krona
USD/SEK
Table 2.2 Minor currency pairs.
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