Which are the Major Currency Pairs in Forex? - Where Can I Find Major Pairs List?

Major FX Pairs List - Where Can I Find Major Pairs List?

EURUSD
USD JPY
GBPUSD
USD/CHF

Major Currency Pairs Traded in the Market

Market turnover is approximately 7.2 trillion dollars per day, 95 percentage of all trading transactions are carried out by retail traders for profit. The Majority of these market transactions is comprised of the 5 major currencies that are comprised of:

The above currency symbols represent currencies of their different countries, the 3 letter naming format is used. This is the currency naming format used in Forex when trading these currencies, for those not familiar with currency symbols the above represent the following; USD - US Dollar, EUR - EURO, GBP - Great Britain Pound, JPY - Japanese Yen & CHF - Swiss Franc.

USD is the most transacted pair

USD - 85% of all daily market transactions

EUR - 40% of all daily market transactions

JPY - 20% of all daily market transactions

GBP - 13 % of all daily market transactions

CHF - 9 % of all daily market transactions

US Dollar or USD - the United States of America dollar is the main currency of the world. It is used as the standard measure of all other forex currencies which are traded in the market. All others are in general quoted in terms of USA dollar.

The USA dollar is a safe haven currency, because it is held as a reserve by many central banks. In the times of economic recession the US dollar will strengthen due to the fact that traders and investors buy the dollar due to its safe haven status. On the other hand when the world economies are doing well people will go for those that are higher yielding such as the EURO, Pound, Swiss Franc and Australian Dollar.

In the forex market the dollar is traded against other major currencies, these are Euro, Japanese Yen, British Pound and Swiss Franc.

Euro or EUR - Euro has got a strong international influence because it represents 17 Euro-zone member countries of the European Monetary Union. Because the Euro currency represents 17 economies, this makes the Euro the second most transacted currency after the USA dollar.

Japanese Yen or JPY - Japanese Yen is the third most transacted in the globe because of its liquidity. Japanese economy is the second largest economy after the USA economy.

British Pound or GBP - Britain economy is the third largest/biggest economy after the US & the Japanese Economy. This makes the British pound liquid and it is the fourth most transacted in the market.

Swiss Franc or CHF - Swiss Franc is the only major of a major European country which doesn't belong to the European Monetary Union or G-7 countries. Although the Swiss economy can be considered as relatively small compared to the other major economies, the Swiss Franc is one of the 5 major currencies in the Market. This is because of the momentum of the Swiss banking system and the Swiss economy which makes the Swiss Franc stable with a high demand which exceeds supply.

The Canadian Dollar or CAD and the Australian Dollar or AUD are also part of the currencies transacted on the online market but these do not count as being part of the majors due to their illiquidity.

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Which are the Major Currency Pairs in Forex? - Where Can I Find Major Pairs List?

Major FX Pairs List - Where Can I Find Major Pairs List?

Major Currency Pairs Traded in the Market