Major currencies definition and examples

The major currencies are the ones wherein maximum of the world’s foreign transactions are denominated. They also are the currencies that countries maximum usually fee their very own forex in opposition to.

They are:

• US Dollar.
• Pound Sterling (British Pound).
• Euro.
• Japanese Yen.
• Swiss Franc.
• Canadian Dollar.
• Australian Dollar.
• Swedish Kronor.
• New Zealand Dollar.

Major currencies – the majors

People additionally confer with the currencies we exchange with the maximum because the majors. The majors make up about 85% of the forex marketplace, and consequently showcase very excessive marketplace liquidity.

Liquidity refers ...