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- Which are the Popular Currency Pairs?
In our previous article, we talked about the Euro and US Dollar, and how they’re the main characters of the forex world. There are, however, some other currency pairs that are just as popular, and they’re known as the Majors.
Let’s have a look, shall we?
- USDJPY, also known as US Dollar - Japanese Yen.
- GBPUSD, which is the British Pound (or Pound Sterling) VS the US Dollar
- AUDUSD, meaning the Australian Dollar VS the US Dollar
- USDCAD, which is the US Dollar VS the Canadian Dollar
- NZDUSD, which is the New Zealand Dollar VS the US Dollar
- USDCHF, the US Dollar vs the Swiss Franc
These currency buddies though, also share some characteristics, such as:
- They are very liquid, meaning that you can buy big amounts any time of the day.
- The cost of trading the Majors is relatively low compared to other currency pairs.
- They are not very volatile, which means that sharp price swings are not very common for their exchange rate.
Fun fact: Did you know that the Majors also have their own nicknames?
For example, the EURUSD is known as Fiber, and the USDJPY is known as the Ninja. Also, the USDCAD is called Loonie, which originates from a bird in Canada that looks like a duck, called a Loon.
Moving on, the AUDUSD is also known as Aussie (that’s pretty straightforward though, right?).
Additionally, the GBPUSD is called cable, because of the cable in the Atlantic Ocean that was used to connect London and New York for telecommunication purposes.
Last but not least, the NZDUSD is known as “Kiwi”, which although one might think it comes from the fruit, it’s actually a popular featherless bird!
Now you know the popular currency pairs!
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