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Currency Codes3 Letter ISO Country Code
(International Organization for Standardization)
First 2 letters are the country code
Third is currency’s first letter**There are some exceptions
Anatomy of Currency PairsRelative value of currencies
Base value vs. Quote value
Base is always 1 unit
Quote value varies
Most Active CurrenciesUS Dollar (USD)
Australian Dollar (AUD)
Canadian Dollar (CAD)
Euro (EUR)
Japanese Yen (JPY)
British Pound (GBP)
Swiss Franc (CHF)
Active PairsEUR/USDUSD/JPYGBP/USDAUD/USDUSD/CHFNZD/USDUSD/CAD
85% of total FX Market
$4Tn Each day gets exchanged
Minor PairsEUR/GBP EUR/CHR
CHF/JPY
EUR/NZD
CAD/JPY
GBP/JPY
AUD/JPY
EUR/AUDEUR/CAD
EUR/JPY
NZD/JPY
GBP/CHF GBP/CADGBP/AUD
Exotic CurrenciesMexican Peso (MXN)
Indian Rupee (INR)
Singapore Dollar (SGD)
+ Lots more…
Russia Federation Ruble (RUB)
South African Rand (ZAR)
South Korean Won (KRW)
Hong Kong Dollar (HKD)
Exotic PairsUSD/ZAR
USD/MXN
USD/RUB
USD/TRY
USD/INR
USD/BRL
SmallLeast traded out of all
Lots Hundreds of them
Common NicknamesPair Name
AUD/USD Aussie
EUR/GBP Chunnel
EUR/JPY Yuppy
EUR/USD Fiber
GBP/JPY Gopher/Guppy
GBP/USD Cable
NZD/USD Kiwi
USD/CAD Loonie/The Funds
USD/CHF Swissy
USD/JPY Yen
USD/RUB Barney
EUR/RUB Betty
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