Currency Pair

Currency pairs represent the exchange rate between two currencies in the Forex market. They are categorized into major, minor, and exotic pairs based on their liquidity and trading volume. Major pairs include the most traded currencies, such as EUR/USD and GBP/USD, while minor pairs exclude the US dollar. Exotic pairs involve one major currency and one from a developing economy. Traders analyze currency pairs to predict price movements and make informed trading decisions based on economic factors, geopolitical events, and market trends.