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Advantages of exotic pairs.


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  • 2 months later...
Can someone list several exotic pairs? I don't have any idea about advantage of exotic pairs?

 

These are considered "Majors" :

 

EUR/USD Euro / US Dollar Euro Dollar

USD/JPY US Dollar / Japanese Yen Dollar Yen

GBP/USD Sterling Pound / Us Dollar Pound Dollar

USD/CHF US Dollar / Swiss Franc Dollar Swissy

USD/CAD US Dollar / Canadian Dollar Dollar Loonie

AUD/USD Australian Dollar / US Dollar Aussie Dollar

NZD/USD New Zealand Dollar / US Dollar Kiwi Dollar

 

All Majors contain "USD" as one currency.

 

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Then "Minor" FX pairs are considered all crosses of FX pairs which make up Majors except the dollar, like

 

EUR/JPY, EUR/GBP, EUR/CAD, GBP/JPY, AUD/CAD...etc.

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And finally "Exotics" are considered all other available pairs. If a pair does not contain both currencies from Major category it is considered "Exotic"

 

Hope this helps.

Edited by wcicom
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