The definition of ‘major forex pairs will fluctuate amongst traders, however most will encompass the 4 most famous pairs to exchange – EUR/USD, USD/JPY, GBP/USD and USD/CHF. ‘Commodity currencies’ and ‘cross pairs’ are categorized as majors. Below we discover the main forex pair categories.

Major foreign money pairs
The most traded forex pairs are listed below. They signify some of the world’s greatest economies and are traded in excessive volumes. Higher volumes have a tendency to lead to smaller spreads.

EUR/USD – Euro Dollar
USD/JPY – Dollar Yen
GBP/USD – Pound Dollar
USD/CHF – Dollar Swiss Franc

The EUR/USD (Euro/US Dollar) is the world’s most traded foreign money pair commanding 23% of FX transactions in 2016. The Euro and the US Dollar signify the two biggest economies in the world, the US Economy and the European Union.

The reputation of the EUR/USD ensures that it trades at tight spreads. High volumes lead to decreased rate variations between the bid and offer.