One of the more popular currency pairs is the Forex major currency pairs. These pairs consist of the US Dollar (USD), the Euro (EUR), the Japanese Yen (JPY) and the Australian Dollar (AUD). Most of the trades in the Forex market involve these currencies. They make up the vast majority of the traded currency pairs on the global market.
As you can readily see, the most traded currency pairs include the US Dollar (USD), another popularly traded currency and the Euro (EUR). The other popular currency pairs, which are commonly made up of major international currencies other than the US Dollar are normally known as cross currencies. For instance, the Euro is regularly used as a cross currency with the US Dollar. The popularity of the European Union as a leading economic power has been behind its widespread use as a Cross Currency. Although the EU is itself a major economic power, many governments and central banks from around the world have long wanted to use the euro as a medium of trade when it comes to global trade.
Among the world’s most traded currency pairs is the Euro against the US Dollar. This particular currency pair is known as the Euro/USD or the Euro Against the US Dollar (EUR). It is considered as a Major Currency Pair due to the large trading volumes for this particular currency pair. A high volume of trading usually indicates a good trade in this market. Some people believe that a good reason for the high trading volumes in the forex major currency pairs is because many people from various countries have an interest in this particular market.
These two currency pairs are considered as the best currency pairs in forex trading turnover. Most traders consider the EUR/USD as the best currency pairs in forex trading turnover due to the following reasons. First, this pair has a lower rate of volatility than other major currencies. Second, this currency pair trades much faster on the European and US markets. Third, the average number of days for the trading in this market is higher compared to other major currencies.
The next two currency pairs which are regarded as the best currency pairs in forex trading turnover are the EUR/GBP and USD/JPY. These two currency pairs have a high volume of trades. The trading volumes for both the pairs are approximately seventy percent of one another. The reason behind the high volume of trades for these currency pairs is due to their high liquidity.
The third currency pair which is the best currency pairs in forex trading turnover is the GBP/EUR. This is primarily because of the fact that this currency pair has a wide range of variations. Due to its wide range of variations, it is able to retain its profit even in the situation when the variations exceed the average range. Due to this ability, this currency pair has high liquidity and is therefore highly liquid.
The fourth currency pairs, which are highly liquid and are highly profitable are the AUD/USD and GBP/JPY. The turnover of this pair is higher than other minor currency pairs because of its high volatility level. Its high volatility also results in a high amount of profit which is accumulated in a shorter period of time.
The fifth currency pairs, which are highly profitable are the USD/JPY and the GBP/JPY. It is mainly because of the fact that the turnover of this pair is higher than other minor currencies. A major reason behind this is the high liquidity. The number of trades done in this market is higher than any other currency pairs. This means that it has high liquidity.