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Forex Beginner Q&A New to Forex trading and investing? This forum is dedicated to answering any forex questions. No question is a bad question.

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Old 12-12-08, 07:48 AM
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prav prav is offline
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Thumbs up Introduction to Forex Currency and Currency Pairs

Forex currency symbols consist of three letters. For example, USD stands for the US dollar, EUR for the Euro, and JPY for the Japanese Yen. Some currencies are also known under nicknames:

* American dollar (USD) = Greenback
* British pound (GBP) = Cable or Sterling
* Swiss franc (CHF) = Swissy
* Canadian dollar (CAD) = Loonie
* Australian dollar (AUD) = Aussie
* New Zealand dollar (NZD) = Kiwi

The most popular Currency Pairs include the so-called:
"Majors" consisting of EUR/USD, USD/JPY, GBP/USD, USD/CHF.
"Commodity pairs" consisting of USD/CAD, AUD/USD, NZD/USD.
"Currency Cross" consisting of EUR/JPY, GBP/JPY, EUR/CHF, EUR/GBP or AUD/JPY.
Many forex brokers also offer exotic currencies, such as HKD, TRY, and ZAR.

Note: Currency pairs that do not include the US dollar are referred to as Cross Currency Pairs.
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Old 05-14-09, 09:05 AM
Sayen Aylen Sayen Aylen is offline
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Default Re: Introduction to Forex Currency and Currency Pairs

Good article informative one,thank you.
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