How Many Currency Pairs in Forex? – Forex Pairs List


When starting in the Forex market, knowing which currency pairs to trade can be confusing. There are so many different combinations! This article will list the most common currency pairs and briefly describe each.

In our article What is the largest forex market in the world, we analyze the forex market and see the forex pairs list. In another article, we wrote about forex market volume, and here, we will analyze only the most traded currencies.

Major forex pairs list:

  1. EUR/USD (Euro/United States Dollar)
    • It is the most traded currency pair in the world.
    • Represents the two largest economies: the European Union and the United States.
    • High liquidity and low spreads.
    • Prices are influenced by economic data releases, interest rate changes, and political events in Europe and the United States.
  2. USD/JPY (United States Dollar/Japanese Yen)
    • It’s the second most traded currency pair.
    • Reflects the economic relationship between the United States and Japan.
    • They are known for volatility, especially during Asian trading sessions.
    • Sensitive to changes in U.S. interest rates and Japanese economic policies.
  3. GBP/USD (British Pound/United States Dollar)
    • She was known as “Cable,” which originated from the transatlantic cable used to transmit the GBP/USD exchange rate.
    • Represents the economy of the United Kingdom relative to the United States.
    • Factors like Brexit, Bank of England and Federal Reserve policies, and U.K. economic indicators influence it.
  4. USD/CHF (United States Dollar/Swiss Franc)
    • Often considered a “safe-haven” currency pair.
    • Represents the relationship between the U.S. dollar and the currency of Switzerland, a country known for its financial sector and stable economy.
    • They are influenced by global risk sentiment and changes in the financial markets.
  5. AUD/USD (Australian Dollar/United States Dollar)
    • Represents the exchange rate between Australia and the United States.
    • Australia’s economy is heavily influenced by commodity prices, making this pair sensitive to changes in commodity markets.
    • Indicators to watch include Reserve Bank of Australia decisions, commodity prices, and U.S. economic data.
  6. USD/CAD (United States Dollar/Canadian Dollar)
    • Known as “Loonie,” referencing the loon on the Canadian one-dollar coin.
    • Represents the economic relationship between the United States and Canada.
    • The oil price significantly influences Canada’s economy, as it is a significant oil exporter.
  7. NZD/USD (New Zealand Dollar/United States Dollar)
    • Known as the “Kiwi,” referencing the kiwi bird native to New Zealand.
    • Represents the exchange rate between New Zealand and the United States.
    • New Zealand’s agricultural exports and commodity prices, especially dairy, influenced her.
  8. EUR/JPY (Euro/Japanese Yen)
    • Represents the exchange rate between the Eurozone and Japan.
    • A famous pair for carry trades, where traders borrow in a low-interest-rate currency (JPY) to invest in a higher-interest-rate currency (EUR).
    • Influenced by economic indicators from both the Eurozone and Japan, as well as differences in monetary policy between the European Central Bank and the Bank of Japan.

These major pairs are a focal point for traders due to their liquidity, tight spreads, and abundant economic news and data that can drive price action. Trading these pairs requires an understanding of the economic fundamentals and indicators that influence each country’s currency value and a grasp of technical analysis and market sentiment.

 

major forex pairs

Except for significant forex pairs, how many can traders trade strictly?

 

How many currency pairs are in forex?

There are 154 different currencies from 221 countries based on the United Nations Treasury. In theory, we can create 11781 currency pairs – all forex pairs computed combinations. In the forex industry, traders often trade around 70 forex pairs, and forex brokers offer up to 130 currency pairs.

Over 95% of traders trade 30 major forex pairs from the world’s biggest economies. Usually, traders look for volatility and liquidity, stable trends that can help them to make profitable trades.

Most traded Currency Pairs.

There are many currencies in the world. Every country’s currency holds a different status, as some are more powerful than others. However, only a few are truly valuable for trading in the Forex market. There are only a few that are actively traded. Currencies must be politically and economically stable; otherwise, they will not be popular trading options on the market. These currencies are in demand and retain their strength in the market.

The United States dollar is one of the strongest and most traded currencies. Forex markets are used for trading two or more currency pairs. All types of trading on the market, whether buying or selling, will always be completed through currency pairs. Some of the top currency pairs include the USD and Euro.

Currency pairs are two currencies that are coupled for forex trading. Both currencies have specific exchange rates. The following pairs are the most commonly traded in the Forex market today.

Any country’s currency can trade; however, specific pairs are repeatedly traded. Primary pairs always contain the USD. The following pairs are also widespread trades.

7 Most traded currencies are:

  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • JPY

How many major currency pairs are there?

Most traded currency pairs are:
EURUSD
GBPUSD
USDCAD
USDJPY
AUDUSD
NZDUSD
USDCHF
EURCHF
EURGBP

major forex pairs list combinations

It is crucial to take note of the most common pairs. Cross-currency pairs are pairs that do not trade against the USD. Typically, cross-currency pairs use the Euro and Japanese Yen. As stated previously, currencies are always traded in pairs. A total of 27 different pairs are created from only eight currencies. A total of 18 highly traded pairs represent most of all Forex trading. Trading is more accessible and less hectic with a controlled number of options. If hundreds of currency pairs traded consistently, maneuvering the market would be more complicated and intense. These 18 pairs are an excellent way for traders to trade daily effectively.

Why are These Pairs Commonly Traded?

The above-listed pairs are most commonly traded due to their economic and political status. Economically stable, financially stable, and liquid currencies are likely to be traded. For a currency to rank amongst these, it must be economically and financially sound. As stated, any currency pair can be traded on the market; however, only a select few are constantly traded. This makes them more valuable and a more significant asset to trade.

The USD is a widespread currency that is involved in almost every trade. Some regard the USD as a virtual currency. Selling, buying, and trading take place using a currency pair. Trading currency pairs can be complex initially; however, most traders develop their skill set over time. By gaining experience in the market, traders can make more profitable trades in the future.

Currency pairs list:

Financial instrument
AUD/CAD
AUD/CHF
AUD/CZK
AUD/DKK
AUD/HKD
AUD/HUF
AUD/JPY
AUD/MXN
AUD/NOK
AUD/NZD
AUD/PLN
AUD/SEK
AUD/SGD
AUD/USD
AUD/ZAR
CAD/CHF
CAD/CZK
CAD/DKK
CAD/HKD
CAD/HUF
CAD/JPY
CAD/MXN
CAD/NOK
CAD/PLN
CAD/SEK
CAD/SGD
CAD/ZAR
CHF/CZK
CHF/DKK
CHF/HKD
CHF/HUF
CHF/JPY
CHF/MXN
CHF/NOK
CHF/PLN
CHF/SEK
CHF/SGD
CHF/TRY
CHF/ZAR
DKK/CZK
DKK/HKD
DKK/HUF
DKK/MXN
DKK/NOK
DKK/PLN
DKK/SEK
DKK/SGD
DKK/ZAR
EUR/AUD
EUR/CAD
EUR/CHF
EUR/CZK
EUR/DKK
EUR/GBP
EUR/HKD
EUR/HUF
EUR/JPY
EUR/MXN
EUR/NOK
EUR/NZD
EUR/PLN
EUR/SEK
EUR/SGD
EUR/TRY
EUR/USD
EUR/ZAR
GBP/AUD
GBP/CAD
GBP/CHF
GBP/CZK
GBP/DKK
GBP/HKD
GBP/HUF
GBP/JPY
GBP/MXN
GBP/NOK
GBP/NZD
GBP/PLN
GBP/SEK
GBP/SGD
GBP/USD
GBP/ZAR
JPY/CZK
JPY/DKK
JPY/HKD
JPY/HUF
JPY/MXN
JPY/NOK
JPY/PLN
JPY/SEK
JPY/SGD
JPY/ZAR
NOK/CZK
NOK/HKD
NOK/HUF
NOK/MXN
NOK/PLN
NOK/SEK
NOK/SGD
NOK/ZAR
NZD/CAD
NZD/CHF
NZD/CZK
NZD/DKK
NZD/HKD
NZD/HUF
NZD/JPY
NZD/MXN
NZD/NOK
NZD/PLN
NZD/SEK
NZD/SGD
NZD/USD
NZD/ZAR
USD/CAD
USD/CHF
USD/CZK
USD/DKK
USD/HKD
USD/HUF
USD/JPY
USD/MXN
USD/NOK
USD/PLN
USD/SEK
USD/SGD
USD/TRY
USD/ZAR

World currencies list

See the list of all 154 world currencies from 221 countries:

CountryCurrencyDescription
AfghanistanAFNAfghanistan Afghani
AlbaniaALLAlbania Lek(e)
AlgeriaDZDAlgerian Dinar
American SamoaUSDUS Dollar
AndorraEUREuro
AngolaAOAAngolan Kwanza
AnguillaXCDE.C. Dollar
Antigua and BarbudaXCDE.C. Dollar
ArgentinaARSArgentine Peso
ArmeniaAMDArmenian Dram
ArubaAWGAruban Guilder
AustraliaAUDAustralian Dollar
AustriaEUREuro
AzerbaijanAZNAzerbaijan Manat
BahamasBSDBahamian Dollar
BahrainBHDBahraini Dinar
BangladeshBDTBangladesh Taka
BarbadosBBDBarbados Dollar
BelarusBYNBelarusian Ruble
BelgiumEUREuro
BelizeBZDBelize Dollar
BeninXOFCFA Franc
BermudaBMDBermuda Dollar
BhutanBTNBhutan Ngultrum
BoliviaBOBBolivia Boliviano
Bosnia and HerzegovinaBAMBosnia and Herzegovina Convertible Mark
BotswanaBWPBotswana Pula
BrazilBRLBrazilian Real
BruneiBNDBrunei Dollar
BulgariaBGNBulgarian Lev
Burkina FasoXOFCFA Franc
BurundiBIFBurundi Franc
CambodiaKHRCambodian Riel
CameroonXAFCFA Franc
CanadaCADCanadian Dollar
Canary IslandsEUREuro
Cape VerdeCVECape Verde Escudo
Cayman IslandsKYDCayman Is. Dollar
Central African RepublicXAFCFA Franc
ChadXAFCFA Franc
ChileCLPChilean Peso
ChinaCNYChinese Renminbi
ColombiaCOPColombian Peso
ComorosKMFComoros Franc
CongoXAFCFA Franc
Congo, Dem. Rep.CDFCongo Franc, Dem. Rep.of
Cook IslandsNZDNew Zealand Dollar
Costa RicaCRCCosta Rica Colon
Cote d'IvoireXOFCFA Franc
CroatiaHRKCroatia Kuna
CubaCUPCuban Peso
CyprusEUREuro
Czech RepublicCZKCzech Koruna
DenmarkDKKDanish Krone
DjiboutiDJFDjibouti Francs
DominicaXCDE.C. Dollar
Dominican RepublicDOPDominican Peso
East TimorUSDUS Dollar
EcuadorUSDUS Dollar
EgyptEGPEgyptian Pound
El SalvadorUSDUS Dollar
Equatorial GuineaXAFCFA Franc
EritreaERNEritrea Nakfa
EstoniaEUREuro
Eswatini, Kingdom ofSZLLilangeni
EthiopiaETBEthiopian Birr
FijiFJDFiji Dollar
FinlandEUREuro
FranceEUREuro
French GuianaEUREuro
French PolynesiaXPFCFP Franc
GabonXAFCFA Franc
GambiaGMDGambian Dalasi
GeorgiaGELGeorgian Lari
GermanyEUREuro
GhanaGHSGhana Cedi
GreeceEUREuro
GreenlandDKKDanish Krone
GrenadaXCDE.C. Dollar
GuadeloupeEUREuro
GuamUSDUS Dollar
GuatemalaGTQGuatemala Quetzal(es)
GuineaGNFGuinean Franc
Guinea-BissauXOFCFA Franc
GuyanaGYDGuyana Dollar
HaitiHTGHaiti Gourde
HondurasHNLHonduras Lempira
Hong KongHKDHongKong Dollar
HungaryHUFHungary Forint
IcelandISKIceland Krona
IndiaINRIndian Rupee
IndonesiaIDRIndonesia Rupiah
IranIRRIranian Rial
IraqIQDIraqi Dinar
IrelandEUREuro
IsraelILSIsrael Shekel
ItalyEUREuro
JamaicaJMDJamaican Dollar
JapanJPYJapanese Yen
JordanJODJordanian Dinar
KazakhstanKZTKazakhstan Tenge
KenyaKESKenyan Shilling
KiribatiAUDAustralian Dollar
Korea, D.P.R. ofKPWKorean Won, North Korea
Korea, Republic ofKRWKorean Won, South Korea
KuwaitKWDKuwaiti Dinar
KyrgyzstanKGSKyrgyzstan Som
Lao, People's Dem. Rep.LAKLaos Kip
LatviaEUREuro
LebanonLBPLebanese Pound
LesothoLSLLesotho Loti
LiberiaLRDLiberian Dollar
Libyan Arab JamahiriyaLYDLibyan Dinar
LiechtensteinCHFSwiss Franc
LithuaniaEUREuro
LuxembourgEUREuro
MacaoMOPMacao Pataca
MadagascarMGAMalagasy Ariary, Madagascar
MalawiMWKMalawi Kwacha
MalaysiaMYRMalaysia Ringgit
MaldivesMVRMaldives Rufiyaa
MaliXOFCFA Franc
MaltaEUREuro
Marshall IslandsUSDUS Dollar
MartiniqueEUREuro
MauritaniaMRUMauritania Ouguiya
MauritiusMURMauritius Rupee
MexicoMXNMexican Peso
MicronesiaUSDUS Dollar
Moldova, Republic ofMDLMoldovan Leu
MonacoEUREuro
MongoliaMNTMongolia Tugrik
MontenegroEUREuro
MontserratXCDE.C. Dollar
MoroccoMADMorocco Dirham
MozambiqueMZNMozambique Metical
MyanmarMMKMyanmar Kyat
NamibiaNADNamibia Dollar
NauruAUDAustralian Dollar
NepalNPRNepalese Rupee
NetherlandsEUREuro
Netherlands AntillesANGNetherlands Antilles Guilder
New CaledoniaXPFCFP Franc
New ZealandNZDNew Zealand Dollar
NicaraguaNIONicaragua Cordoba Oro
NigerXOFCFA Franc
NigeriaNGNNigeria Naira
NiueNZDNew Zealand Dollar
North Macedonia, Rep. ofMKDDenar
Northern Mariana IslandsUSDUS Dollar
NorwayNOKNorwegian Krone
OmanOMROman Rial
PakistanPKRPakistani Rupee
Palau, Republic ofUSDUS Dollar
PanamaPABPanama Balboa
Papua New GuineaPGKKina
ParaguayPYGParaguay Guarani
PeruPENSol
PhilippinesPHPPhilippine Peso
PolandPLNPoland Zloty
PortugalEUREuro
Puerto RicoUSDUS Dollar
QatarQARQatari Rial
ReunionEUREuro
RomaniaRONRomanian Leu
Russian FederationRUBRussian Rouble
RwandaRWFRwanda Franc
Saint HelenaSHPSt.Helena Pound
Saint Kitts and NevisXCDE.C. Dollar
Saint LuciaXCDE.C. Dollar
SamoaWSTSamoa Tala
San MarinoEUREuro
Sao Tome and PrincipeSTNSao Tome Principe Dobra
Saudi ArabiaSARSaudi Riyal
SenegalXOFCFA Franc
SerbiaRSDSerbian Dinar
SeychellesSCRSeychelles Rupee
Sierra LeoneSLLSierra Leone Leone
SingaporeSGDSingapore Dollar
SlovakiaEUREuro
SloveniaEUREuro
Solomon IslandsSBDSolomon Is. Dollar
SomaliaSOSSomali Shilling
South AfricaZARSouth Africa Rand
South SudanSSPSouth Sudanese Pound
SpainEUREuro
Sri LankaLKRSri Lanka Rupee
St. Vincent and the GrenaXCDE.C. Dollar
SudanSDGSudanese Pound
SurinameSRDSurinamese Dollar
SwedenSEKSwedish Krona
SwitzerlandCHFSwiss Franc
Syrian Arab RepublicSYPSyrian Pound
TajikistanTJSTajikistan Somoni
Tanzania, United Rep. ofTZSTanzania Shilling
ThailandTHBThai Baht
TogoXOFCFA Franc
Tokelau IslandsNZDNew Zealand Dollar
TongaTOPTonga Pa'anga
Trinidad and TobagoTTDTrinidad and Tobago Dollar
TunisiaTNDTunisian Dinar
TurkeyTRYTurkish Lira
TurkmenistanTMTTurkmenistan Manat
Turks and Caicos IslandUSDUS Dollar
TuvaluAUDAustralian Dollar
UgandaUGXUganda Shilling
UkraineUAHUkraine Hryvnia
United Arab EmiratesAEDUnited Arab Emirates Dirham
United KingdomGBPU.K. Pound
United States of AmericaUSDUS Dollar
UruguayUYUUruguay Peso
UzbekistanUZSUzbekistan Sum
VanuatuVUVVanuatu Vatu
VenezuelaVESBolivar Soberano
Viet NamVNDViet Nam Dong
Virgin Islands (UK)USDUS Dollar
Virgin Islands (USA)USDUS Dollar
Wallis and Futuna IslandsXPFCFP Franc
Yemen, Republic ofYERYemeni Rial
ZambiaZMWZambia Kwacha
ZimbabweZWLZimbabwe RTGS dollar
Fxigor

Fxigor

Igor has been a trader since 2007. Currently, Igor works for several prop trading companies. He is an expert in financial niche, long-term trading, and weekly technical levels. The primary field of Igor's research is the application of machine learning in algorithmic trading. Education: Computer Engineering and Ph.D. in machine learning. Igor regularly publishes trading-related videos on the Fxigor Youtube channel. To contact Igor write on: igor@forex.in.rs

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