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In a forex pair, the base currency is the first listed, and the quote currency is the second. The exchange rate tells you how much of the quote currency is needed to buy one unit of the base currency, helping you understand market value.
The forex market is affected by factors like interest rates, economic data, geopolitical events, and market sentiment.
The forex market is impacted by factors like interest rates, economic data, geopolitical events, and market sentiment.
At Avtara, we prioritize trading the most liquid and widely followed currency pairs in the forex market. These major pairs include:
EUR/USD (Euro/US Dollar): The most traded pair globally, accounting for approximately 22.7% of daily forex transactions. Its high liquidity ensures tighter spreads, making it favorable for traders.
USD/JPY (US Dollar/Japanese Yen): Representing around 13.5% of daily forex trades, this pair is known for its liquidity and is influenced by interest rate differentials between the U.S. and Japan.
GBP/USD (British Pound/US Dollar): Also known as "Cable," this pair comprises about 9.5% of daily forex transactions and is characterized by its volatility, often influenced by economic and political events in the UK.
USD/CHF (US Dollar/Swiss Franc): Referred to as the "Swissie," this pair is popular during periods of economic uncertainty due to the Swiss franc's status as a safe-haven currency.
USD/CAD (US Dollar/Canadian Dollar): Known as the "Loonie," this pair is closely tied to oil prices, reflecting Canada's role as a major oil exporter.
AUD/USD (Australian Dollar/US Dollar): This pair reflects the economic ties between Australia and the U.S. and is influenced by commodity prices, particularly gold and iron ore.