The Forex Market Pairs

There are many official currencies that are used all over the world, but there only a handful of currencies that are actively traded in the forex market. In currency trading, only the most economically and politically stable and liquid currencies are traded in large quantities. For example, due to the size and strength of the U.S. economy, the U.S. dollar is the most actively traded currency in the world.

The total amount of currency trading involving these 18 pairs represents the vast majority of the trading volume in the overall FX market. This relatively small number of choices makes trading a lot less complicated compared to dealing with stocks, where choices number in the thousands.

1. U.S. Dollar (USD) Central Bank: Federal Reserve (Fed) Current Interest Rate Information: http://www.federalreserve.gov/releases/h15/data.htm

2. European Euro (EUR) Central Bank: European Central Bank (ECB) Current Interest Rate: http://www.ecb.int/stats/monetary/rates/html/index.en.html

3. British Pound (GBP) Central Bank: Bank of England (BoE) Current Interest Rate: http://www.bankofengland.co.uk

4. Swiss Franc (CHF) Central Bank: Swiss National Bank (SNB) Current Interest Rate:http://www.snb.ch/en/iabout/stat/statpub/zidea/id/current_interest_exchange_rates

5. Canadian Dollar (CAD) Central Bank: Bank of Canada (BoC) Current Interest Rate: http://www.bankofcanada.ca/en/rates/interest-look.html

6. Australian/New Zealand Dollar (AUD/NZD) Central Bank: Reserve Bank of Australia / Reserve Bank of New Zealand (RBA/RBNZ) Current Interest Rate: http://www.rba.gov.au/ and http://www.rbnz.govt.nz/

7. Japanese Yen (JPY) Central Bank: Bank of Japan (BoJ) Current Interest Rate: http://www.boj.or.jp/en/index.htm