Best exotics to trade There are three categories of currency | Moon Retriever

Best exotics to trade

There are three categories of currency pairs in the forex market; major pairs, minor pairs, and exotic pairs. Major currency pairs are pairs that contain the US dollar as the base or quote currency. Examples include AUD/USD, USD/CAD, and EUR/USD.

Minor currency pairs consist of currencies of major economies, excluding the US dollar, such as AUD/JPY and EUR/CHF.

Exotic pairs are created by pairing currencies of emerging economies with that of developed economies. These emerging economies include Thailand, Mexico, South Africa, Turkey, and Norway. Exotic pairs are a unique set of currency pairs due to the nature of these emerging economies. They are a great way to diversify your trading portfolio, and in this article, you will learn the characteristics of exotic pairs and the top 5 exotic pairs to trade.