Aug-17-2008 By Forex Blog
Currency crosses is the name given to any pair of currencies which are traded in the Forex Market but does not include U.S. Dollars in the pair. In the trade of currency crosses, one currency of any foreign country is trade with the currency of another foreign country without converting their currencies into U.S. Dollars at any stage. In the past, any trader who wanted to exchange a particular amount of money into any other currencies, it was essential to first convert that amount of money in U.S. Dollars and then further convert it into target currency. The advantage of currency cross is that traders can eliminate the stage of converting money in American dollars completely.
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Aug-17-2008 By Forex Blog
Exotic currencies are the currencies which have limited dealings and very little liquidity. Exotic currencies are neither minor nor major currencies. Some of the minor currencies include Canadian Dollar, Australian Dollar and New Zealand Dollar. On the other hand, the minor currencies in the forex market are U.S. Dollars, Euro, Japanese Yen and Swiss Francs. The exotics play an extremely vital role in forex trading and are equally important as are the major currencies.
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Aug-17-2008 By Forex Blog
USD / JPY which stands for the US dollar / Japanese Yen is said to be the one and only major forex currency pair having an Asian currency. Japan has an export-driven economy from a very long time in history. The Bank of Japan acts as a central figure which plays an active role in regulating the value of their currency i.e. the Yen. The bank is said to intervene enough to make sure that the value of Yen remains weak and thus very conducive to sustain an economy based on exports.
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Aug-17-2008 By Forex Blog
The abbreviation USD / CHF stands for the currency pair of United States Dollars and Swiss Franc. It can also be explained as the cross for currencies of United States and that of Switzerland. The value of the currency pair of U.S. Dollar and Swiss Franc indicate that how many units of Swiss Franc are required in order to buy one unit of U.S. Dollars. In this currency pair, U.S. Dollars is the base currency whereas Swiss Franc is the quote currency.
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Aug-17-2008 By Forex Blog
The trading of currency in the Foreign Exchange (Forex) markets usually takes place in pairs. The notations of the currencies in a single pair indicate the price at which the currencies can be traded in the market. The ABC / XYZ format is used to represent the notion of the Forex Pairs. In this symbolization, ABC denotes the currency of one country, whereas XYZ denotes the currency of a different country.
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Aug-17-2008 By Forex Blog
Currency pair means exchange rate of any two currencies in regard to each other. This means comparing the value of one currency with another. All currencies are traded in pairs. Some of the examples of currency pairs include USD / CHF, USD / JPY, EUR / USD and many more.
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Aug-17-2008 By Forex Blog
What is currency pairs?
Foreign exchange is the trading of different currencies existing in the world. It is the world’s least regulated and largest market which provides maximum liquidity to the investors. Trading in the Forex market is always carried out in the form of pairs known as Currency Pairs. In this, a trader buys one currency and sells the other one. Together, these two currencies make up the ‘exchange rate’.
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Aug-17-2008 By Forex Blog
What is forex pairs?
Two different currencies having different exchange rates are traded together in the forex retail market. Basically, all trades in forex retail market involve buying the currency of one kind and selling the currency of another simultaneously. The currency pair can be considered as one unit.
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