Forex trading simply means currency exchange. Just like every country, each currency has its worth and identity. To have complete knowledge about major currency pairs is the essential strategy to make potential profits in forex. Here in this article, we will offer you a complete guide of major forex currency factsheets. So, let’s get straight into it.
Table Of Contents
Major currencies
These are some major currencies that proved most traded currencies around the world and proper researched has been done over them.
- United States Dollars (USD)
- Euro (EUR)
- Australian Dollar (AUD)
- British Pound (GBP)
- Canadian Dollar (CAD)
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United States Dollar factsheet
U.S Dollar is not only the official currency of the United States but also of many other States including Caicos, Palau, Ecuador, British Virgin Islands and many others. In the world, about 87% of transactions are completed in USD.
Most traded USD currency pairs involved USD/JPY, AUD/USD, EUR/USD, USD/ CHF. For United States Dollars, most traded active time is
- 3:00 am ET / 7:00 GMT London Open
- 8:30am ET / 12: 30 GMT, U.S. Economic release
Euro factsheet
Euro is the official currency of the Eurozone which consists of 19 countries including Cyprus, Italy, Spain, Germany, Ireland, Greece, Ireland, Latvia, France and so on. Euro is the second most trading currency with a 39% turnover after USD.
Highly active currency pairs are EUR/CHF, EUR/JPY and EUR/GBP. Moreover, trading hours are
- 3:00am ET / 7:00 GMT, London Open
- 4:00am ET / 8:00 GMT, Economic Releases
- 8:30am ET / 12:30 GMT, U.S. Economic Releases
Australian Dollar factsheet
In 2013, according to the Bank of International Settlement’s report, AUD/USD currency pair is the 5th most traded pair around the world. It is the official currency pair of Australia.
Quote convention of the Australian Dollar is AUD. The most active currency pairs along with AUD are AUD/NZD, AUD/JPY and AUD/ CAD. These are the following trading hours
- 7:00pm ET / 23:00 GMT, Tokyo Open
- 7:30pm ET / 23:30 GMT, AUD Economic Releases
- 8:30am ET/ 12:30 GMT, U.S. Economic Releases
British Pound factsheet
The United Kingdom has the official currency of the British Pound. According to the Bank of International Settlement 2013, with the 40% turnover London is said to be the biggest core of forex trading. And the worth of a pip For a 100k lot is USD 10.
Most actively traded currency pair of GBP including GBP/ CHF, GBP/ JPY and EUR/GBP. And the trading time is
- 3:00am ET / 7:00 GMT, London Open
- 4:30am ET / 8:30 GMT, U.K. Economic Releases
- 8:30am ET/ 12:30 GMT, U.S Economic Releases
Canadian Dollar factsheet
According to the Bank of Settlement 2013 Triennial Forex Report, the fifth most traded currency pair is USD/ CAD. Canadian Dollar is the official currency of Canada. The amount of a pip For 10,000 lots is USD 7.75.
Top traded currency pair including USD/CAD, CAD/JPY, GBP/CAD and EUR/CAD. Moreover, trading time is
- 7:00am ET / 11:00 GMT, CAD Economic Releases
- 8:30am ET / 12:30 GMT, U.S. Economic Releases