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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?

  • EURUSD
  • USD JPY
  • GBPUSD
  • USD/CHF

Major Currency Pairs Traded in the Market

The global market turnover is approximately $7.2 trillion daily, with 95% of transactions executed by retail traders aiming for profit. Most transactions involve five major currencies that dominate market activity.

  • USD
  • EUR
  • GBP
  • JPY
  • CHF

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.

The most traded pair is USD

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

The primary currency of the world is the dollar of the United States of America, sometimes known as USD or USD. It serves as the benchmark for all other foreign exchange currencies traded in the market. Generally speaking, the value of all other currencies is expressed in Australian dollars.

The US dollar acts as a safe haven currency. Many central banks hold it in reserve. During economic downturns, the dollar gains strength. Traders and investors buy it for its safe status. But in good economic times, people pick higher-yield options like the euro, pound, Swiss franc, or Australian dollar.

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

Euro or EUR - The Euro has a big impact worldwide because it stands for the 17 countries in the Euro-zone that are part of the European Monetary Union. Since the Euro represents 17 different countries' economies, it is the second most commonly used currency for transactions after the USA dollar.

Japanese Yen, or JPY, ranks third in global trades due to liquidity. Japan's economy comes second only to Australia's.

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.

The Swiss Franc, or CHF, stands out. It's the main currency of a big European nation outside the EU monetary union and G-7. Switzerland's economy seems small next to others. Yet CHF ranks among the top five forex currencies. Strong banks and steady demand keep it that way.

While the Canadian Dollar (CAD) and the Australian Dollar (AUD) are actively traded currencies in the online exchange, they are generally excluded from the group of 'majors' due to comparatively lower liquidity levels.

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