Gyan Dev Posted May 10, 2023 Report Share Posted May 10, 2023 (edited) Exotic currency pairs are currency pairs that include one major currency and one currency from a developing or emerging economy. These pairs tend to have lower trading volume and liquidity compared to major currency pairs, which can lead to wider bid-ask spreads. However, some exotic pairs may still offer relatively low spreads. Here are a few examples: USD/MXN (US Dollar/Mexican Peso) USD/ZAR (US Dollar/South African Rand) USD/TRY (US Dollar/Turkish Lira) USD/THB (US Dollar/Thai Baht) USD/HKD (US Dollar/Hong Kong Dollar) It's important to note that spread can vary depending on market conditions and the broker you use for trading. In addition, exotic currency pairs can be more volatile than major pairs, which can increase the risk of trading them. As with any trading decision, it's important to do your own research and carefully consider the potential risks and rewards before trading exotic currency pairs. Edited May 10, 2023 by Gyan Dev Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now