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While not as frequently traded as the majors, the crosses are still pretty liquid and still provide plenty of trading opportunities. No, exotic pairs are not exotic belly dancers who happen to be twins. Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as Brazil, Mexico, Chile, Turkey, or Hungary. The chart below contains a few examples of exotic currency pairs. Due to the overall lower degree of liquidity, exotic currency pairs tend to be far more sensitive to economic and geopolitical events. So if you want to trade exotics currency pairs , remember to factor this in your decision.

There are legal currencies in the world, as recognized by the United Nations. Unfortunately, not all of them are readable.

Forex brokers tend to offer traders up to 70 currency pairs. Traders regularly buy and sell them in an open market with minimal impact on their own international exchange rates. Scandinavia is a subregion in Northern Europe, with strong historical, cultural, and linguistic ties.

Foreign Exchange (Forex) Definition

Back in the day, Denmark and Sweden established the Scandinavian Monetary Union to merge their currencies to a gold standard. Norway joined later. This meant that these countries now had one currency, with the same monetary value, with the exception that each of these countries minted their own coins.

These countries decided to keep the currency, even if the values were separate from one another. And this remains the state of things.

If you notice their currency names, they all look similar. So when paired with the U. Your browser of choice has not been tested for use with Barchart. If you have issues, please download one of the browsers listed here. Log In Menu. Stocks Futures Watchlist More.

Forex Exchange Rate

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Forex Rates Table

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