Currencies

In addition to share trading, commodity trading, and index trading in the form of CFDs, iFOREX Europe also offers an array of tradable currency pairs ranging from major and more popular pairs, to exotic currencies that are far less common. Most people are unaware that the Forex market is 10 times larger than any stock market, accommodates a daily trade of over $4 trillion and presents numerous opportunities for individual traders.

Currency Exchange Rate

Please see some of the most popular currency pairs at iFOREX Europe below:

Rates are according to the sell price of the pair.
For a full list of the Currency pairs that you can trade at iFOREX, please click here.

Interesting facts about forex currency trading

Forex operates through a global network of banks, corporations and individuals trading one currency against another. As Forex is available on numerous exchanges across the globe, traders and investors alike can take advantage of this market, which is open on a 24 hour basis.

Features of Forex trading

• You get access to over 80 currency pairs 24 hours a day, 5 days a week.
• Maximize your portfolio’s potential by taking advantage of all market directions whether the market is going up or down.
• Access a high-rollers market with minimum capital and leverage of up to 30:1.

Common Currency Pairings

The most common forex currency pairings in currency use the US Dollar (USD). These are called forex major pairs from how popular they are. Out of 200% of coin usage as every pair has two currencies in currency trading, the USD has over 85% of usage. This means that any fluctuations on the US Dollar can influence forex currency trading as a whole.

Other common currencies in forex currency trading are the Euro (EUR), Japanese Yen (JPY), Pound Sterling (GBP), Renminbi (CNY), Australian Dollar (AUD), Canadian Dollar (CAD), & Swiss Franc (CHF). These currency pairs are forex minor pairs because they use common currencies, but not the most common one by a wide margin, the US Dollar. Some traders like the minor currency pairs as a way to diversify their currency trading portfolio and making it less reliant on the US economy.

What Is Currency in Forex?

In forex, currency refers to the national monetary unit of a country that is traded in the foreign exchange market. Currencies are traded in pairs, such as EUR/USD, where one currency is exchanged for another. The value of a currency in forex is determined by various factors, including economic conditions, interest rates, geopolitical events, and market sentiment.

Follow the news on the economic calendar and other sources to evaluate exotic currencies—those not often traded—and identify potential opportunities to forecast whether their value may increase or decrease compared to another currency.

Check the full list of all forex currencies available on iFOREX Europe.