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Forex

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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.

Forex (FX) is short for foreign exchange and refers to the trading of one currency for another. Unlike stocks or futures, currency trading is an over-the-counter market with no central exchange.

Currencies typically trade in pairs such as the Euro (EUR)-U.S. Dollar (USD) or U.S. Dollar (USD)-Japanese Yen (JPY). Currencies common to Forex tend to be the most liquid currencies such as the U.S. Dollar (USD), Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), and Australian Dollar (AUD)/Bears.

Forex is the world's most traded market with an average daily turnover of USD $3.2 trillion.[1] Trades occur 24 hours a day, going from one side of the globe to the other.

Contents

[edit] Example Currency Pairs

[edit] U.S. Dollars to Euros



[edit] Euros to U.S. Dollars



[edit] U.S. Dollars to Canadian Dollars



[edit] Canadian Dollars to U.S. Dollars



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