The pair has risen for the past six consecutive weeks, making sterling the best-performing currency in the G7. This trend is mostly because of the recently passed Brexit deal and the ongoing vaccination drive.
The nicknames of 7 major currencies
Meanwhile, the UK was the first country to start a large-scale vaccination drive. It has already vaccinated more than 15 million people and is on track to fully reopen in the second quarter. At the same time, the Bank of England has almost ruled out taking interest rates to the negative zone.
Also, they will watch the Brexit negotiations on financial services whose deadline is on March In this article, we have looked at some of the top currency pairs to trade in March In general, we expect high volatility in key emerging market currencies such as the South African rand, Turkish lira and Mexican peso because of the risk-off sentiment. Also, currencies such as the Norwegian krone and Australian dollar will be important because of the volatility in the commodities market. Do you want to take advantage of this volatility?
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Log In Trade Now. My account. Crispus Nyaga Kanyaru , 4 March Share Article. Try Now Try Now. Simple and intuitive platform. Sell 1. Charts currently unavailable. However, things aren't that simple when it comes to currency pairs. To date, there are about different currency names in the world. So, the number of possible currency pair combinations is 16, We can also say the same for hundreds of other extremely exotic pairs. If we limit the list only to Forex pairs available in the trading terminal , the least traded ones will be the following :.
The popularity of a currency pair provides the best trading conditions. Therefore, to start, you better use such pairs. When choosing a currency pair, make sure to analyze its intraday activity. Some of them are traded only at a specific time of the day. The trading volume of a currency pair is not a constant value. The numbers and values given in the article were gathered during the writing and may change over time.
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Forex Currency Pairs: Majors, Minors and Exotics
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