Forex Currency Pairs

Foreign Exchange (Forex or FX) Market, is a network of the largest financial institutions in the world such as central banks, commercial banks and other financial institutions, corporations and private investors, where foreign currency is bought and sold.

Daily FX trading in traditional Forex exchange is the largest and was estimated at US$ 1.5 trillion in 1998. The FX market is a 24 hour global market that works continuously all week, except Saturdays and Sundays. The four largest FX centers in the world are London, New York, Tokyo and Singapore.

Usually FX trading is brisk in North America mornings, i.e. afternoons in Europe due to both markets being open at the same time and due to new US economic data releases.

The FX markets trade a very wide range of currencies on a regular basis. However, the majority of Forex transactions are made in five major currencies: the US Dollar, the Euro, the British Pound, the Japanese Yen and the Swiss Frank. The greatest number of FX currency trades is made against the US Dollar.

Forex Currency Pairs