Major Currency Pairs
The most traded pairs of currencies in the world are called the Majors. They constitute the largest share of the foreign exchange market, about 85% and therefore they exhibit high market liquidity.
The Majors currency pairs are:
EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD.
Cross Currency Pairs
The cross currency transaction is one that consists of a pair of currencies traded in forex that does not include the U.S. dollar. One foreign currency is traded for another without having first to exchange the currencies into American dollars.
The currency which don’t have USD which are called Cross Currency. The some example of cross currency are
EUR/GBP, EUR/CHF, EUR/JPY, GBP/JPY, AUD/JPY, NZD/JPY, CAD/JPY, CHF/JPY..Etc.
Forex Most volatile currency pairs VS least volatile currency pairs
The most volatile currency pairs are GBP/JPY, EUR/NZD and GBP/AUD. The least volatile currency pairs are EUR/GBP, NZD/USD and EUR/CHF.
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