What are currency pairs based on?

These currency pairs are based on a list of popular currencies that are paired with USD. The basket of major currencies consists of 7 pairs. These pairs account for most of the turnover of the entire Forex market — for instance, the EURUSD pair alone accounts for about 30% of trading volume.

What is trading currency pairs?

Trading currency pairs is conducted in the foreign exchange market, also known as the forex market. It is the largest and most liquid market in the financial world. This market allows for the buying, selling, exchanging, and speculation of currencies. It also enables the conversion of currencies for international trade and investment.

What are the most common currency pairs?

The most commonly traded currency pairs are called the “majors” as they are the most liquid pairs, and all involve the US dollar on one side of the trade. Currency pairs can be traded in the global foreign exchange market, which is the biggest financial market in the world.