Here’s a look at six of the most tradable currency pairs in forex.

• EUR/USD. YinYang/Getty Images.
• USD/JPY: Trading the “Gopher” The next most actively traded pair has traditionally been the USD/JPY.
• GBP/USD: Trading the “Cable”
• AUD/USD: Trading the “Aussie”
• USD/CAD: Trading the “Loonie”
• USD/CNY: Trading the Yuan.

“The Fiber” is a combination of the Euro and the US dollar. This is generally considered the most traded currency pair as it stems from two of the world’s largest and most reputable economies.

The Most Volatile Currency Pairs

• AUD/JPY (average volatility – 1.12%);
• AUD/USD (average volatility – 1.07%);
• EUR/AUD (average volatility – 1.07%);
• NZD/JPY (average volatility – 1.05%);
• GBP/AUD (average volatility – 1.05%);
• GBP/NZD (average volatility – 1.05%).

An example is perhaps the most popularly traded currency pair in the world, the EUR/USD, where its price represents how much of the quote currency, the US dollar, is required to buy one unit of the base currency, the Euro. Each currency pair has a bid and ask price ​​.

Forex markets are used to trade exchange rates between two or more national currencies. All trading within the forex market, whether selling, buying, or trading, will take place through currency pairs. What Are Currency Pairs? Currency pairs are the national currencies from two countries coupled for trading on the foreign exchange (FX) marketplace.

There are also currency pairs that do not trade against the US dollar, which have the name cross-currency pairs . Common cross currency pairs involve the euro and the Japanese yen. Currencies must be traded in pairs. Mathematically, there are 27 different currency pairs that can be derived from just eight currencies alone.

So, the number of possible currency pair combinations is 16,110. Hypothetically, we can assume that the SZL/VUV (the Eswatini Lilangeni/the Vanuatu Vatu) pair may be the world’s least traded one. We can also say the same for hundreds of other extremely exotic pairs.