How Many Currency Pairs in Forex? – Forex Pairs List
When starting in the Forex market, knowing which currency pairs to trade can be confusing. There are so many different combinations! This article will list the most common currency pairs and briefly describe each.
In our article What is the largest forex market in the world, we analyze the forex market and see the forex pairs list. In another article, we wrote about forex market volume, and here, we will analyze only the most traded currencies.
Major forex pairs list:
- EUR/USD (Euro/United States Dollar)
- It is the most traded currency pair in the world.
- Represents the two largest economies: the European Union and the United States.
- High liquidity and low spreads.
- Prices are influenced by economic data releases, interest rate changes, and political events in Europe and the United States.
- USD/JPY (United States Dollar/Japanese Yen)
- It's the second most traded currency pair.
- Reflects the economic relationship between the United States and Japan.
- They are known for volatility, especially during Asian trading sessions.
- Sensitive to changes in U.S. interest rates and Japanese economic policies.
- GBP/USD (British Pound/United States Dollar)
- She was known as "Cable," which originated from the transatlantic cable used to transmit the GBP/USD exchange rate.
- Represents the economy of the United Kingdom relative to the United States.
- Factors like Brexit, Bank of England and Federal Reserve policies, and U.K. economic indicators influence it.
- USD/CHF (United States Dollar/Swiss Franc)
- Often considered a "safe-haven" currency pair.
- Represents the relationship between the U.S. dollar and the currency of Switzerland, a country known for its financial sector and stable economy.
- They are influenced by global risk sentiment and changes in the financial markets.
- AUD/USD (Australian Dollar/United States Dollar)
- Represents the exchange rate between Australia and the United States.
- Australia's economy is heavily influenced by commodity prices, making this pair sensitive to changes in commodity markets.
- Indicators to watch include Reserve Bank of Australia decisions, commodity prices, and U.S. economic data.
- USD/CAD (United States Dollar/Canadian Dollar)
- Known as "Loonie," referencing the loon on the Canadian one-dollar coin.
- Represents the economic relationship between the United States and Canada.
- The oil price significantly influences Canada's economy, as it is a significant oil exporter.
- NZD/USD (New Zealand Dollar/United States Dollar)
- Known as the "Kiwi," referencing the kiwi bird native to New Zealand.
- Represents the exchange rate between New Zealand and the United States.
- New Zealand's agricultural exports and commodity prices, especially dairy, influenced her.
- EUR/JPY (Euro/Japanese Yen)
- Represents the exchange rate between the Eurozone and Japan.
- A famous pair for carry trades, where traders borrow in a low-interest-rate currency (JPY) to invest in a higher-interest-rate currency (EUR).
- Influenced by economic indicators from both the Eurozone and Japan, as well as differences in monetary policy between the European Central Bank and the Bank of Japan.
These major pairs are a focal point for traders due to their liquidity, tight spreads, and abundant economic news and data that can drive price action. Trading these pairs requires an understanding of the economic fundamentals and indicators that influence each country's currency value and a grasp of technical analysis and market sentiment.
Except for significant forex pairs, how many can traders trade strictly?
How many currency pairs are in forex?
There are 154 different currencies from 221 countries based on the United Nations Treasury. In theory, we can create 11781 currency pairs - all forex pairs computed combinations. In the forex industry, traders often trade around 70 forex pairs, and forex brokers offer up to 130 currency pairs.
Over 95% of traders trade 30 major forex pairs from the world's biggest economies. Usually, traders look for volatility and liquidity, stable trends that can help them to make profitable trades.
Most traded Currency Pairs.
There are many currencies in the world. Every country's currency holds a different status, as some are more powerful than others. However, only a few are truly valuable for trading in the Forex market. There are only a few that are actively traded. Currencies must be politically and economically stable; otherwise, they will not be popular trading options on the market. These currencies are in demand and retain their strength in the market.
The United States dollar is one of the strongest and most traded currencies. Forex markets are used for trading two or more currency pairs. All types of trading on the market, whether buying or selling, will always be completed through currency pairs. Some of the top currency pairs include the USD and Euro.
Currency pairs are two currencies that are coupled for forex trading. Both currencies have specific exchange rates. The following pairs are the most commonly traded in the Forex market today.
Any country's currency can trade; however, specific pairs are repeatedly traded. Primary pairs always contain the USD. The following pairs are also widespread trades.
7 Most traded currencies are:
- EUR
- GBP
- CAD
- AUD
- NZD
- CHF
- JPY
How many major currency pairs are there?
Most traded currency pairs are:
EURUSD
GBPUSD
USDCAD
USDJPY
AUDUSD
NZDUSD
USDCHF
EURCHF
EURGBP
It is crucial to take note of the most common pairs. Cross-currency pairs are pairs that do not trade against the USD. Typically, cross-currency pairs use the Euro and Japanese Yen. As stated previously, currencies are always traded in pairs. A total of 27 different pairs are created from only eight currencies. A total of 18 highly traded pairs represent most of all Forex trading. Trading is more accessible and less hectic with a controlled number of options. If hundreds of currency pairs traded consistently, maneuvering the market would be more complicated and intense. These 18 pairs are an excellent way for traders to trade daily effectively.
Why are These Pairs Commonly Traded?
The above-listed pairs are most commonly traded due to their economic and political status. Economically stable, financially stable, and liquid currencies are likely to be traded. For a currency to rank amongst these, it must be economically and financially sound. As stated, any currency pair can be traded on the market; however, only a select few are constantly traded. This makes them more valuable and a more significant asset to trade.
The USD is a widespread currency that is involved in almost every trade. Some regard the USD as a virtual currency. Selling, buying, and trading take place using a currency pair. Trading currency pairs can be complex initially; however, most traders develop their skill set over time. By gaining experience in the market, traders can make more profitable trades in the future.
Currency pairs list:
Financial instrument
AUD/CAD
AUD/CHF
AUD/CZK
AUD/DKK
AUD/HKD
AUD/HUF
AUD/JPY
AUD/MXN
AUD/NOK
AUD/NZD
AUD/PLN
AUD/SEK
AUD/SGD
AUD/USD
AUD/ZAR
CAD/CHF
CAD/CZK
CAD/DKK
CAD/HKD
CAD/HUF
CAD/JPY
CAD/MXN
CAD/NOK
CAD/PLN
CAD/SEK
CAD/SGD
CAD/ZAR
CHF/CZK
CHF/DKK
CHF/HKD
CHF/HUF
CHF/JPY
CHF/MXN
CHF/NOK
CHF/PLN
CHF/SEK
CHF/SGD
CHF/TRY
CHF/ZAR
DKK/CZK
DKK/HKD
DKK/HUF
DKK/MXN
DKK/NOK
DKK/PLN
DKK/SEK
DKK/SGD
DKK/ZAR
EUR/AUD
EUR/CAD
EUR/CHF
EUR/CZK
EUR/DKK
EUR/GBP
EUR/HKD
EUR/HUF
EUR/JPY
EUR/MXN
EUR/NOK
EUR/NZD
EUR/PLN
EUR/SEK
EUR/SGD
EUR/TRY
EUR/USD
EUR/ZAR
GBP/AUD
GBP/CAD
GBP/CHF
GBP/CZK
GBP/DKK
GBP/HKD
GBP/HUF
GBP/JPY
GBP/MXN
GBP/NOK
GBP/NZD
GBP/PLN
GBP/SEK
GBP/SGD
GBP/USD
GBP/ZAR
JPY/CZK
JPY/DKK
JPY/HKD
JPY/HUF
JPY/MXN
JPY/NOK
JPY/PLN
JPY/SEK
JPY/SGD
JPY/ZAR
NOK/CZK
NOK/HKD
NOK/HUF
NOK/MXN
NOK/PLN
NOK/SEK
NOK/SGD
NOK/ZAR
NZD/CAD
NZD/CHF
NZD/CZK
NZD/DKK
NZD/HKD
NZD/HUF
NZD/JPY
NZD/MXN
NZD/NOK
NZD/PLN
NZD/SEK
NZD/SGD
NZD/USD
NZD/ZAR
USD/CAD
USD/CHF
USD/CZK
USD/DKK
USD/HKD
USD/HUF
USD/JPY
USD/MXN
USD/NOK
USD/PLN
USD/SEK
USD/SGD
USD/TRY
USD/ZAR
World currencies list
See the list of all 154 world currencies from 221 countries:
Country Currency Description Afghanistan AFN Afghanistan Afghani Albania ALL Albania Lek(e) Algeria DZD Algerian Dinar American Samoa USD US Dollar Andorra EUR Euro Angola AOA Angolan Kwanza Anguilla XCD E.C. Dollar Antigua and Barbuda XCD E.C. Dollar Argentina ARS Argentine Peso Armenia AMD Armenian Dram Aruba AWG Aruban Guilder Australia AUD Australian Dollar Austria EUR Euro Azerbaijan AZN Azerbaijan Manat Bahamas BSD Bahamian Dollar Bahrain BHD Bahraini Dinar Bangladesh BDT Bangladesh Taka Barbados BBD Barbados Dollar Belarus BYN Belarusian Ruble Belgium EUR Euro Belize BZD Belize Dollar Benin XOF CFA Franc Bermuda BMD Bermuda Dollar Bhutan BTN Bhutan Ngultrum Bolivia BOB Bolivia Boliviano Bosnia and Herzegovina BAM Bosnia and Herzegovina Convertible Mark Botswana BWP Botswana Pula Brazil BRL Brazilian Real Brunei BND Brunei Dollar Bulgaria BGN Bulgarian Lev Burkina Faso XOF CFA Franc Burundi BIF Burundi Franc Cambodia KHR Cambodian Riel Cameroon XAF CFA Franc Canada CAD Canadian Dollar Canary Islands EUR Euro Cape Verde CVE Cape Verde Escudo Cayman Islands KYD Cayman Is. Dollar Central African Republic XAF CFA Franc Chad XAF CFA Franc Chile CLP Chilean Peso China CNY Chinese Renminbi Colombia COP Colombian Peso Comoros KMF Comoros Franc Congo XAF CFA Franc Congo, Dem. Rep. CDF Congo Franc, Dem. Rep.of Cook Islands NZD New Zealand Dollar Costa Rica CRC Costa Rica Colon Cote d'Ivoire XOF CFA Franc Croatia HRK Croatia Kuna Cuba CUP Cuban Peso Cyprus EUR Euro Czech Republic CZK Czech Koruna Denmark DKK Danish Krone Djibouti DJF Djibouti Francs Dominica XCD E.C. Dollar Dominican Republic DOP Dominican Peso East Timor USD US Dollar Ecuador USD US Dollar Egypt EGP Egyptian Pound El Salvador USD US Dollar Equatorial Guinea XAF CFA Franc Eritrea ERN Eritrea Nakfa Estonia EUR Euro Eswatini, Kingdom of SZL Lilangeni Ethiopia ETB Ethiopian Birr Fiji FJD Fiji Dollar Finland EUR Euro France EUR Euro French Guiana EUR Euro French Polynesia XPF CFP Franc Gabon XAF CFA Franc Gambia GMD Gambian Dalasi Georgia GEL Georgian Lari Germany EUR Euro Ghana GHS Ghana Cedi Greece EUR Euro Greenland DKK Danish Krone Grenada XCD E.C. Dollar Guadeloupe EUR Euro Guam USD US Dollar Guatemala GTQ Guatemala Quetzal(es) Guinea GNF Guinean Franc Guinea-Bissau XOF CFA Franc Guyana GYD Guyana Dollar Haiti HTG Haiti Gourde Honduras HNL Honduras Lempira Hong Kong HKD HongKong Dollar Hungary HUF Hungary Forint Iceland ISK Iceland Krona India INR Indian Rupee Indonesia IDR Indonesia Rupiah Iran IRR Iranian Rial Iraq IQD Iraqi Dinar Ireland EUR Euro Israel ILS Israel Shekel Italy EUR Euro Jamaica JMD Jamaican Dollar Japan JPY Japanese Yen Jordan JOD Jordanian Dinar Kazakhstan KZT Kazakhstan Tenge Kenya KES Kenyan Shilling Kiribati AUD Australian Dollar Korea, D.P.R. of KPW Korean Won, North Korea Korea, Republic of KRW Korean Won, South Korea Kuwait KWD Kuwaiti Dinar Kyrgyzstan KGS Kyrgyzstan Som Lao, People's Dem. Rep. LAK Laos Kip Latvia EUR Euro Lebanon LBP Lebanese Pound Lesotho LSL Lesotho Loti Liberia LRD Liberian Dollar Libyan Arab Jamahiriya LYD Libyan Dinar Liechtenstein CHF Swiss Franc Lithuania EUR Euro Luxembourg EUR Euro Macao MOP Macao Pataca Madagascar MGA Malagasy Ariary, Madagascar Malawi MWK Malawi Kwacha Malaysia MYR Malaysia Ringgit Maldives MVR Maldives Rufiyaa Mali XOF CFA Franc Malta EUR Euro Marshall Islands USD US Dollar Martinique EUR Euro Mauritania MRU Mauritania Ouguiya Mauritius MUR Mauritius Rupee Mexico MXN Mexican Peso Micronesia USD US Dollar Moldova, Republic of MDL Moldovan Leu Monaco EUR Euro Mongolia MNT Mongolia Tugrik Montenegro EUR Euro Montserrat XCD E.C. Dollar Morocco MAD Morocco Dirham Mozambique MZN Mozambique Metical Myanmar MMK Myanmar Kyat Namibia NAD Namibia Dollar Nauru AUD Australian Dollar Nepal NPR Nepalese Rupee Netherlands EUR Euro Netherlands Antilles ANG Netherlands Antilles Guilder New Caledonia XPF CFP Franc New Zealand NZD New Zealand Dollar Nicaragua NIO Nicaragua Cordoba Oro Niger XOF CFA Franc Nigeria NGN Nigeria Naira Niue NZD New Zealand Dollar North Macedonia, Rep. of MKD Denar Northern Mariana Islands USD US Dollar Norway NOK Norwegian Krone Oman OMR Oman Rial Pakistan PKR Pakistani Rupee Palau, Republic of USD US Dollar Panama PAB Panama Balboa Papua New Guinea PGK Kina Paraguay PYG Paraguay Guarani Peru PEN Sol Philippines PHP Philippine Peso Poland PLN Poland Zloty Portugal EUR Euro Puerto Rico USD US Dollar Qatar QAR Qatari Rial Reunion EUR Euro Romania RON Romanian Leu Russian Federation RUB Russian Rouble Rwanda RWF Rwanda Franc Saint Helena SHP St.Helena Pound Saint Kitts and Nevis XCD E.C. Dollar Saint Lucia XCD E.C. Dollar Samoa WST Samoa Tala San Marino EUR Euro Sao Tome and Principe STN Sao Tome Principe Dobra Saudi Arabia SAR Saudi Riyal Senegal XOF CFA Franc Serbia RSD Serbian Dinar Seychelles SCR Seychelles Rupee Sierra Leone SLL Sierra Leone Leone Singapore SGD Singapore Dollar Slovakia EUR Euro Slovenia EUR Euro Solomon Islands SBD Solomon Is. Dollar Somalia SOS Somali Shilling South Africa ZAR South Africa Rand South Sudan SSP South Sudanese Pound Spain EUR Euro Sri Lanka LKR Sri Lanka Rupee St. Vincent and the Grena XCD E.C. Dollar Sudan SDG Sudanese Pound Suriname SRD Surinamese Dollar Sweden SEK Swedish Krona Switzerland CHF Swiss Franc Syrian Arab Republic SYP Syrian Pound Tajikistan TJS Tajikistan Somoni Tanzania, United Rep. of TZS Tanzania Shilling Thailand THB Thai Baht Togo XOF CFA Franc Tokelau Islands NZD New Zealand Dollar Tonga TOP Tonga Pa'anga Trinidad and Tobago TTD Trinidad and Tobago Dollar Tunisia TND Tunisian Dinar Turkey TRY Turkish Lira Turkmenistan TMT Turkmenistan Manat Turks and Caicos Island USD US Dollar Tuvalu AUD Australian Dollar Uganda UGX Uganda Shilling Ukraine UAH Ukraine Hryvnia United Arab Emirates AED United Arab Emirates Dirham United Kingdom GBP U.K. Pound United States of America USD US Dollar Uruguay UYU Uruguay Peso Uzbekistan UZS Uzbekistan Sum Vanuatu VUV Vanuatu Vatu Venezuela VES Bolivar Soberano Viet Nam VND Viet Nam Dong Virgin Islands (UK) USD US Dollar Virgin Islands (USA) USD US Dollar Wallis and Futuna Islands XPF CFP Franc Yemen, Republic of YER Yemeni Rial Zambia ZMW Zambia Kwacha Zimbabwe ZWL Zimbabwe RTGS dollar