A Guide to US Dollar vs South African Rand (USD/ZAR)
What is USD/ZAR? The USD/ZAR forex pair denotes the exchange rate between the United States dollar (USD) and the South African rand (ZAR). In this pairing, the USD is the base currency, while the ZAR is the quote currency. Therefore, if the USD/ZAR rate is 18.72, it means that 18.72 South African rands are required […]
A Guide to Euro vs British Pound Sterling (EUR/GBP)
What is EUR/GBP? The EUR/GBP currency pair measures the value of the Euro (EUR) relative to the British Pound Sterling (GBP), with the Euro representing the collective economies of Eurozone countries and the Pound representing the British economy. As a minor currency pair, EUR/GBP has less liquidity compared to major pairs involving the US dollar, […]
A Guide to US Dollar vs Norwegian Krone (USD/NOK)
What is USD/NOK? USD/NOK refers to the currency pair representing the exchange rate between the US Dollar (USD) and the Norwegian Krone (NOK). In this pair, USD is the base currency and NOK is the quote currency. The exchange rate tells you how many Norwegian Krone are needed to purchase one US Dollar. For example, […]
A Guide to US Dollar vs Chinese Yuan (USD/CNH)
What is USD/CNH? USD/CNH is a currency pair that represents the exchange rate between the US Dollar (USD) and the Chinese Offshore Yuan (CNH). Specifically, it shows how many Chinese Yuan are needed to purchase one US Dollar in the offshore market. Onshore vs. Offshore Yuan Here’s a brief overview: In 2009, China removed restrictions […]
A Guide to US Dollar vs Mexican Peso (USD/MXN)
What is USD/MXN? USD/MXN is the currency pair notation used to represent the exchange rate between the U.S. dollar (USD) and the Mexican peso (MXN). It tells you how many Mexican pesos are needed to purchase one U.S. dollar. For example, if the USD/MXN exchange rate is 17.50, it means 1 U.S. dollar is equivalent […]
A Guide to British Pound vs Japanese Yen (GBP/JPY)
What is GBP/JPY? GBP/JPY is a currency pair that represents the exchange rate between the British Pound (GBP) and the Japanese Yen (JPY). It shows how many Japanese Yen are needed to purchase one British Pound. For example, if the GBP/JPY exchange rate is 150.00, it means that 1 British Pound is equal to 150 […]
A Guide to US Dollar vs Canadian Dollar Trading (USD/CAD)
What is USD/CAD? The USD/CAD currency pair represents the exchange rate between the U.S. dollar (USD) and the Canadian dollar (CAD). It shows how many Canadian dollars (the quote currency) are needed to purchase one U.S. dollar (the base currency). As this pair involves the U.S. dollar, it is classified as a major currency pair, […]
Trading the USDCHF Currency Pair
What is USD/CHF? Known as “the Swissie,” the USD/CHF currency pair represents the exchange rate between the US dollar (USD) and the Swiss franc (CHF). It indicates how many Swiss francs are equivalent to one US dollar. The USD is the most widely traded currency globally, held by numerous central banks and investment institutions, and […]
A Guide to GBPUSD Trading
What is GBP/USD The GBP/USD currency pair represents the exchange rate between the British pound and the US dollar, indicating how many dollars are needed to purchase one pound. As the third-largest trading pair by daily volume, it involves two of the world’s most traded reserve currencies: the USD and GBP. Known as “Cable,” the […]
A Guide to New Zealand Dollar vs US Dollar (NZD/USD)
What is NZD/USD? The NZD/USD currency pair reflects the value of one New Zealand dollar in terms of US dollars. For instance, if the NZD/USD exchange rate is 0.59, this indicates that 1 New Zealand dollar is equivalent to 0.59 US dollars. The New Zealand dollar is a major player in the global foreign exchange […]
A Guide to Australian Dollar vs U.S Dollar (AUD/USD)
The Australian Dollar (AUD) is the fifth-most traded currency in the forex market, representing just under 7% of global FX turnover, according to the Bank for International Settlements.
Australia’s economy is significantly influenced by its mining sector, which contributes over 8% of GDP, while agricultural exports add another 2%. China, being Australia’s largest trade partner and the world’s second-largest economy, plays a crucial role in determining the performance of the Australian dollar and the AUD/USD exchange rate.
Understanding of Exotic Pairs and How to Trade Effectively
Exotic currency pairs refer to pairs in the foreign exchange (forex) market that involve one major currency and one currency from an emerging or smaller economy. For example, a pair like USD/TRY (US Dollar/Turkish Lira) or EUR/ZAR (Euro/South African Rand) falls into this category. These pairs are termed “exotic” because they typically involve currencies from countries with less economic stability or lower trading volumes compared to the major currencies like the USD, EUR, JPY, or GBP.