Since we cover about the MAJORS and the CROSSES, now its time to look at the final group of currency pairs which they are called EXOTICS.
EXOTICS involve a currency from an emerging economy or a currency of a relatively small economy. Examples of the EXOTICS include:
1. EURTRY (Euro to Turkish Lira)
2. USDTRY (U.S Dollar to Turkish Lira)
3. USDMXN (U.S Dollar to Mexican Peso)
4. USDZAR (U.S Dollar to South African Rand)
5. USDSGD (U.S Dollar to Singapore Dollar)
EXOTICS are riskier to trade than CROSSES and MAJORS. Here are some characteristics that differentiate them from the other two groups.
That covers all the three groups of currency pairs guys! See you in the next blog. God Bless :)
No comments: