Currency Pair Guide

CURRENCY
PAIRS GUIDE
GLOBAL
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CURRENCY
PAIRS GUIDE
© 2013
GLOBAL
GLOBA
TABLE OF CONTENTS
MAJOR PAIRS
EUR/USD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 08
NZD/USD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 09
GBP/USD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
USD/CHF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
USD/JPY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
AUD/USD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
USD/CAD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
CROSS PAIRS
AUD/CAD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
AUD/JPY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
AUD/NZD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
CAD/JPY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
CHF/JPY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
EUR/AUD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
EUR/CAD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
EUR/CHF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
EUR/GBP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
EUR/JPY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
EUR/TRY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
GLOBAL
GLOBA
CROSS PAIRS (CONT)
GBP/AUD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
GBP/CAD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
GBP/CHF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
GBP/JPY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
NZD/JPY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
COMMODITY PAIRS
XAG/USD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
XAU/USD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
EMERGING MARKET PAIRS

USD/MXN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
USD/SGD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
USD/TRY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
USD/CNH. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
USD/CNY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
USD/INR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
USD/KRW. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
USD/TWD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
TABLE OF CONTENTS 5
GLOBAL
GLOBA
MAJOR
PAIRS
CURRENCY GUIDE
7
EUR/USD
COUNTRIES: PAIRS THAT CORRELATE:
Eurozone/United States EUR/CAD, EUR/AUD, NZD/USD
2012 HIGHS & LOWS: PAIR TYPE:

1.3385/1.2041 Major
DAILY AVERAGE MOVEMENT IN PIPS:

107.4
ONE-YEAR CHART: EUR/USD Weekly Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.340
1.320
1.300
1.280
1.260
1.240
1.220
1.200
JAN 1 FEB 12 APR 8 JUN 3 JUL 29 SEP 23 NOV 18
The EUR/USD is the pairing of the euro and the United States dollar. The EUR/USD is the most traded currency pair
in the world, accounting for nearly 30% of the total daily volume in FX. This sheer volume makes it incredibly liquid.
EUR/USD is highly sensitive to fundamental news announcements released by the U.S., and due to its popularity,
traders can access a wealth of analytical information.
EUR USD
ADDITIONAL INFO ADDITIONAL INFO
COUNTRY: COUNTRY:
Eurozone United States
CENTRAL BANK: CENTRAL BANK:
European Central Bank Federal Reserve System
NICKNAME: NICKNAME:
Fiber Buck, Greenback
% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
39.1% 84.9%
*Source: Bank for International Settlements – April 2010

GLOBAL
NZD/USD
New Zealand/United States EUR/USD, NZD/JPY, AUD/JPY

0.8476/0.7457 Major

121.6
ONE-YEAR CHART: NZD/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
0.830
0.825
0.810
0.795
0.780
0.765
0.750
The NZD/USD is the pairing of the New Zealand dollar and the United States dollar. New Zealand’s economy is
heavily dependent on exporting raw materials. As a result, the NZD’s strength correlates with the price of gold.
NZD USD
COUNTRY: COUNTRY:
New Zealand United States
Reserve Bank of New Zealand Federal Reserve System
NICKNAME: NICKNAME:
Kiwi Buck, Greenback
1.6% 84.9%
Major Pairs
Currency Guide 9
GBP/USD
United Kingdom/United States GBP/NZD, GBP/CAD, GBP/AUD

1.6309/1.5233 Major

110.4
ONE-YEAR CHART: GBP/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.620
1.605
1.590
1.575
1.560
1.545
NOV 6
1.530
JAN 9 FEB 28 APR 18 JUN 10 JUL 29 SEP 17
The GBP/USD is the pairing of the British pound and the United States dollar. Also known as “cable,” GBP/USD is the
third most traded pair. Price movements in cable are known to correlate with EUR/USD. Since the pair isn’t as liquid
as the EUR/USD, GBP/USD experiences more aggressive price movements when U.S. data is released. The UK boasts
the second largest economy in the eurozone, after Germany.
GBP USD
COUNTRY: COUNTRY:
United Kingdom United States
Bank of England Federal Reserve System
NICKNAME: NICKNAME:
Sterling, Cable Buck, Greenback
12.9% 84.9%

GLOBAL
GLOBA
USD/CHF
United States/Switzerland USD/SGD, AUD/CHF, USD/TRY

10.9972/0.8927 Major

121.8
ONE-YEAR CHART: USD/CHF Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
0.990
0.975
0.960
0.945
0.930
0.915
0.900
The USD/CHF is the pairing of the United States dollar and the Swiss franc. The Swiss franc became a safe-haven
currency in times of crises due to Switzerland’s history of remaining neutral in times of war. The franc remains a safe-
haven currency and spikes in price can be seen during geopolitical crises.
USD CHF
COUNTRY: COUNTRY:
United States Switzerland
Federal Reserve System Swiss National Bank
NICKNAME: NICKNAME:
Buck, Greenback Swiss
84.9% 6.4%
Major Pairs
Currency Guide 11
USD/JPY
United States/Japan NZD/JPY, CAD/JPY, EUR/JPY

86.79/76.00 Major

123.8
ONE-YEAR CHART: USD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
87.00
85.50
84.00
82.50
81.00
79.50
78.00
JAN 1 NOV 18
76.50
FEB 12 APR 8 JUN 3 JUL 29 SEP 23
The USD/JPY is the pairing of the United States dollar and the Japanese yen. The USD/JPY is one of the major pair
types and is the second most traded pair in the world. Japan has the third largest GDP after the United States and
China. Since Japan’s economy is driven by its exports, the country prefers a weak yen to increase international sales.
USD JPY
COUNTRY: COUNTRY:
United States Japan
Federal Reserve System Bank of Japan
NICKNAME: NICKNAME:
Buck, Greenback None
84.9% 19%

GLOBAL
GLOBA
AUD/USD
Australia/United States AUD/CAD, AUD/CHF, GBP/USD

1.0856/0.9582 Major

119.5
ONE-YEAR CHART: AUD/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.085
1.065
1.045
1.025
1.005
0.985
SEP 18 NOV 7
0.965
The AUD/USD is the pairing of the Australian dollar and the United States dollar. The AUD/USD is considered one of
the three most popular commodity pairs. Price action in this commodity pair is influenced by the price of Australia’s
natural resources. In particular, the price of gold is known to correlate closely with AUD/USD.
AUD USD
COUNTRY: COUNTRY:
Australia United States
Reserve Bank of Australia Federal Reserve System
NICKNAME: NICKNAME:
Aussie Buck, Greenback
7.6% 84.9%
Major Pairs
Currency Guide MAJOR PAIRS 13
USD/CAD
United States/Canada USD/SGD, AUD/CHF, USD/TRY

1.0446/0.9629 Major

80.5
ONE-YEAR CHART: USD/CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.040
1.028
1.016
1.004
0.992
0.980
0.968
The USD/CAD is the pairing of the United States dollar and the Canadian dollar. Canada’s economy is heavily
dependent on exporting raw materials. As a result, the CAD’s strength correlates with the price of oil.
USD CAD
COUNTRY: COUNTRY:
United States Canada
Federal Reserve System Bank of Canada
NICKNAME: NICKNAME:
Buck, Greenback Loonie, Toonie
84.9% 5.3%

GLOBAL
GLOBA
NOTES
Major Pairs
Currency Guide 15
GLOBAL
GLOBA
CROSS
PAIRS
CURRENCY GUIDE
17
AUD/CAD
Australia/Canada AUD/USD, AUD/CHF, USD/CAD

1.0781/0.9920 Cross

84.3
ONE-YEAR CHART: AUD/CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.076
1.064
1.052
1.040
1.028
1.016
1.004
0.992
The AUD/CAD is the pairing of the Australian dollar and the Canadian dollar. The AUD and CAD are considered two
of the top three commodity currencies, with AUD correlating with gold and CAD correlating with oil. These correlations
create an interesting dynamic when trading AUD/CAD, as traders can use gold and oil as a safeguard or as an
indicator of future price action in the pair.
AUD CAD
COUNTRY: COUNTRY:
Australia Canada
Reserve Bank of Australia Bank of Canada
NICKNAME: NICKNAME:
Aussie Loonie, Toonie
7.6% 5.3%

GLOBAL
GLOBA
AUD/JPY
Australia/Japan NZD/JPY, CAD/JPY, CHF/JPY

89.98/74.44 Cross

150.1
ONE-YEAR CHART: AUD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
89.00
87.00
85.00
83.00
81.00
79.00
77.00
75.00
The AUD/JPY is the pairing of the Australian dollar and the Japanese yen. The high interest rate in AUD in
comparison to that of JPY makes AUD/JPY a popular pair to “carry trade.” A carry trade involves buying a currency with
a high interest rate in hopes of earning profit off the daily swap payments (although losses are certainly possible). To
perform a carry trade in AUD/JPY, a trader would simply open a buy position.
AUD JPY
COUNTRY: COUNTRY:
Australia Japan
Reserve Bank of Australia Bank of Japan
NICKNAME: NICKNAME:
Aussie None
7.6% 19%
Cross Pairs
Currency Guide 19
AUD/NZD
Australia/New Zealand GBP/CHF, GBP/NZD, AUD/CHF

1.3164/1.2367 Cross

104.7
ONE-YEAR CHART: AUD/NZD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.312
1.300
1.288
1.276
1.264
1.252
1.240
The AUD/NZD is the pairing of the Australian dollar and the New Zealand dollar. The Australian and New Zealand
economies depend heavily on exporting raw materials, making these currencies’ strength dependent on commodity prices.
AUD NZD
COUNTRY: COUNTRY:
Australia New Zealand
Reserve Bank of Australia Reserve Bank of New Zealand
NICKNAME: NICKNAME:
Aussie Kiwi
7.6% 1.6%

GLOBAL
GLOBA
CAD/JPY
Canada/Japan NZD/JPY, GBP/JPY, EUR/JPY

87.05/74.38 Cross

126.8
ONE-YEAR CHART: CAD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
86.50
84.50
82.50
80.50
78.50
76.50
74.50
The CAD/JPY is the pairing of the Canadian dollar and the Japanese yen. Since Japan is the third largest net importer of
oil and Canada is the sixth largest oil-producing country, oil prices have a considerable influence on the pair.
CAD JPY
COUNTRY: COUNTRY:
Canada Japan
Bank of Canada Bank of Japan
NICKNAME: NICKNAME:
Loonie, Toonie None
5.3% 19%
Cross Pairs
Currency Guide 21
CHF/JPY
Switzerland/Japan EUR/JPY, NZD/JPY, GBP/JPY

94.89/78.35 Cross

106.5
ONE-YEAR CHART: CHF/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
94.00
91.50
89.00
86.50
84.00
81.50
79.00
The CHF/JPY is the pairing of the Swiss franc and the Japanese yen. The Swiss franc is a safe-haven currency that
gains in value during times of social and geopolitical crises, while the yen is manipulated by the export-reliant Japanese
government. Japan’s dependency on exports drives the government to weaken its currency. Look for drastic moves in this
pair during times of crises.
CHF JPY
COUNTRY: COUNTRY:
Switzerland Japan
Swiss National Bank Bank of Japan
NICKNAME: NICKNAME:
Swiss None
6.4% 19%

GLOBAL
GLOBA
EUR/AUD
Eurozone/Australia EUR/JPY, EUR/USD, EUR/CHF

1.3014/1.1602 Cross

120.3
ONE-YEAR CHART: EUR/AUD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.290
1.265
1.240
1.215
1.190
1.165
The EUR/AUD is the pairing of the euro and the Australian dollar. The euro is the second most traded currency after
the United States dollar, and the Australian dollar is the fifth most traded currency. As a cross currency, EUR/AUD
is fairly liquid and experiences its greatest activity during the euro and U.S. sessions and when Australian data is
released during the Asian session.
EUR AUD
COUNTRY: COUNTRY:
Eurozone Australia
European Central Bank Reserve Bank of Australia
NICKNAME: NICKNAME:
Fiber Aussie
39.1% 7.6%
Cross Pairs
Currency Guide 23
EUR/CAD
Eurozone/Canada EUR/GBP, EUR/JPY, CHF/JPY

1.3478/1.2125 Cross

97.4
ONE-YEAR CHART: EUR/CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.340
1.320
1.300
1.280
1.260
1.240
1.220
The EUR/CAD is the pairing of the euro and the Canadian dollar. Canada’s economy is heavily dependent on
exporting raw materials. As a result, the CAD’s strength correlates with the price of oil. This cross-currency pair
experiences its greatest activity during the euro and U.S. sessions and is subject to movement based on European and
Canadian news announcements.
EUR CAD
COUNTRY: COUNTRY:
Eurozone Canada
European Central Bank Bank of Canada
NICKNAME: NICKNAME:
Fiber Loonie, Toonie
39.1% 5.3%

GLOBAL
GLOBA
EUR/CHF
Eurozone/Switzerland EUR/JPY, CAD/JPY, EUR/GBP

1.2201/1.1996 Cross

94
ONE-YEAR CHART: EUR/CHF Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.218
1.215
1.212
1.209
1.206
1.203
1.200
JAN 11 MAR 3 APR 22 JUN 12 JUL 31 SEP 19 NOV 10
The EUR/CHF is the pairing of the euro and the Swiss franc. As a safe-haven currency, the franc is subject to
movement during times of social and geopolitical unrest. Otherwise, the pair is usually most active during the euro
and U.S. sessions.
EUR CHF
COUNTRY: COUNTRY:
Eurozone Switzerland
European Central Bank Swiss National Bank
NICKNAME: NICKNAME:
Fiber Swiss
39.1% 6.4%
Cross Pairs
Currency Guide 25
EUR/GBP
Eurozone/United Kingdom EUR/CAD, EUR/JPY, CHF/JPY

0.8505/0.7756 Cross

48.4
ONE-YEAR CHART: EUR/GBP Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
0.848
0.836
0.824
0.812
0.800
0.788
0.776
The EUR/GBP is the pairing of the euro and the British pound. Nicknamed the “chunnel,” EUR/GBP is a very
popular cross instrument that experiences aggressive moves during the euro and U.S. sessions.
EUR GBP
COUNTRY: COUNTRY:
Eurozone United Kingdom
European Central Bank Bank of England
NICKNAME: NICKNAME:
Fiber Sterling, Cable
39.1% 12.9%

GLOBAL
GLOBA
EUR/JPY
Eurozone/Japan CHF/JPY, CAD/JPY, GBP/JPY

114.694/94.075 Cross

159.1
ONE-YEAR CHART: EUR/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
113.5
110.0
106.5
103.0
99.50
96.00
The EUR/JPY is the pairing of the euro and the Japanese yen. EUR/JPY is an extremely volatile pair that can
move as much as 250 pips in one trading day. The euro is the second most traded currency and the yen is the
third, after the United States dollar. Nicknamed the “yuppy” or “euppy,” EUR/JPY is most active during the euro
and U.S. sessions.
EUR JPY
COUNTRY: COUNTRY:
Eurozone Japan
European Central Bank Bank of Japan
NICKNAME: NICKNAME:
Fiber None
39.1% 19%
Cross Pairs
Currency Guide 27
EUR/TRY
Eurozone/Turkey N/A

2.4607/2.1808 Cross

281.7
DAILY CHART: EUR/TRY Daily Chart from February 14, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
2.420
2.380
2.340
2.300
2.260
2.220
2.180
FEB 14 APR 2 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13
The EUR/TRY is the pairing of the euro and the Turkish lira. This exotic cross is affected by news releases coming
out of the eurozone and economic conditions in Turkey. As an emerging market, Turkey is expected to experience rapid
growth and modern industrialization. This growth may prove to have an effect on the TRY.
EUR TRY
COUNTRY: COUNTRY:
Eurozone Turkey
European Central Bank Central Bank of the Republic of Turkey
NICKNAME: NICKNAME:
Fiber None
39.1% 0.7%

GLOBAL
GLOBA
GBP/AUD
United Kingdom/Australia GBP/NZD, GBP/CAD, GBP/USD

Did not offer Cross

145
DAILY CHART: GBP/AUD Daily Chart from May 13, 2013 to July 11, 2013 on the FXDD Swordfish Platform.
1.690
1.650
1.620
1.590
1.560
1.530
MAY 13 MAY 25 JUN 8 JUN 22 JUL 6
The GBP/AUD is the pairing of the British pound and the Australian dollar. The pair is most active during the euro
and U.S. sessions and when Australian data is released. Some notable news releases affecting the pair include the
Australian RBA rate decision and gross domestic product as well as the UK trade balance and consumer price index.
GBP AUD
COUNTRY: COUNTRY:
United Kingdom Australia
Bank of England Reserve Bank of Australia
NICKNAME: NICKNAME:
Sterling, Cable Aussie
12.9% 7.6%
Cross Pairs
Currency Guide 29
GBP/CAD
United Kingdom/Canada GBP/USD, GBP/NZD, GBP/AUD

Did not offer Cross

90.4
DAILY CHART: GBP/CAD Daily Chart from May 13, 2013 to July 11, 2013 on the FXDD Swordfish Platform.
1.620
1.605
1.590
1.575
1.560
1.545
MAY 13 MAY 25 JUN 8 JUN 22 JUL 6
The GBP/CAD is the pairing of the British pound and the Canadian dollar. This pair is most active during the euro
and U.S. sessions. Some notable news releases affecting the pair include the Bank of Canada rate decision and Ivey
purchasing managers index as well as the UK trade balance and consumer price index.
GBP CAD
COUNTRY: COUNTRY:
United Kingdom Canada
Bank of England Bank of Canada
NICKNAME: NICKNAME:
Sterling, Cable Loonie, Toonie
12.9% 5.3%

GLOBAL
GLOBA
GBP/CHF
United Kingdom/Switzerland GBP/NZD, AUD/NZD, GBP/USD

1.5484/1.4177 Cross

131.9
ONE-YEAR CHART: GBP/CHF Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.540
1.520
1.500
1.480
1.460
1.440
1.420
The GBP/CHF is the pairing of the British pound and the Swiss franc. As a safe-haven currency, the franc is
subject to movement during times of social and geopolitical unrest. Some notable news releases affecting the
pair include the Swiss National Bank monetary policy assessment and consumer price index as well as the UK
trade balance and retail sales.
GBP CHF
COUNTRY: COUNTRY:
United Kingdom Switzerland
Bank of England Swiss National Bank
NICKNAME: NICKNAME:
Sterling, Cable Swiss
12.9% 6.4%
Cross Pairs
Currency Guide 31
GBP/JPY
United Kingdom/Japan CAD/JPY, CHF/JPY, EUR/JPY

141.01/117.3 Cross

176.6
ONE-YEAR CHART: GBP/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
139.5
136.5
133.5
130.5
127.5
124.5
121.5
118.5
The GBP/JPY is the pairing of the British pound and the Japanese yen. Also known as the “gopher” or “geppy,” the
GBP/JPY is extremely volatile and can move up to 350 pips in a single trading day.
GBP JPY
COUNTRY: COUNTRY:
United Kingdom Japan
Bank of England Bank of Japan
NICKNAME: NICKNAME:
Sterling, Cable None
12.9% 19%

GLOBAL
GLOBA
NZD/JPY
New Zealand/Japan CAD/JPY, AUD/JPY, CHF/JPY

Did not offer Cross

152.6
DAILY CHART: NZD/JPY Daily Chart from February 14, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
70.50
68.50
66.50
64.50
62.50
60.50
58.50
The NZD/JPY is the pairing of the New Zealand dollar and the Japanese yen. The difference in interest rates between
NZD and JPY makes NZD/JPY a popular pair to “carry trade.” A carry trade involves buying a currency with a high
interest rate in hopes of earning profit off the daily swap payments (although losses are certainly possible).
NZD JPY
COUNTRY: COUNTRY:
New Zealand Japan
Reserve Bank of New Zealand Bank of Japan
NICKNAME: NICKNAME:
Kiwi None
1.6% 19%
Cross Pairs
Currency Guide 33
GLOBAL
GLOBA
COMMODITY
PAIRS
CURRENCY GUIDE
35
XAG/USD
Silver/United States XAU/USD

37.48/26.11 Commodity

7.1
ONE-YEAR CHART: XAG/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
38.00
36.00
34.00
32.00
30.00
28.00
26.00
JAN 11 MAR 3 APR 22 JUN 12 JUL 31 SEP 19 NOV 10
XAG/USD conveys the value of silver USD

ADDITIONAL INFO
compared to the United States dollar. The
silver instrument correlates closely to gold COUNTRY:
but, unlike gold, can be traded for a smaller United States
spread cost. Savvy traders can attempt CENTRAL BANK:
to profit from fluctuations in the price Federal Reserve System
of metals or use these instruments as a
NICKNAME:
safeguard against inflation or commodity Buck, Greenback
pairs.
% OF AVERAGE DAILY TURNOVER:*
84.9%

GLOBAL
GLOBA
XAU/USD
Gold/United States XAG/USD

1795.52/1526.82 Commodity

317.5
ONE-YEAR CHART: XAU/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1,800.00
1,760.00
1,710.00
1,660.00
1,600.00
1,560.00
1,520.00
JAN 1 JAN 31 MAR 21 MAY 14 JUL 7 AUG 26 OCT 15 DEC 4
XAU/USD conveys the value of gold USD

ADDITIONAL INFO
compared to the United States dollar.
Savvy traders can attempt to profit from COUNTRY:
fluctuations in the price of metals or use United States
these instruments as a safeguard against CENTRAL BANK:
inflation or commodity pairs. Federal Reserve System
NICKNAME:
Buck, Greenback
% OF AVERAGE DAILY TURNOVER:*
84.9%
Commodity Pairs
Currency Guide 37
GLOBAL
GLOBA
EMERGING
MARKET
PAIRS
CURRENCY GUIDE
39
USD/MXN
United States/Mexico N/A

14.597/12.548 Emerging

168.8
ONE-YEAR CHART: USD/MXN Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
14.5500
14.2500
13.9500
13.7000
13.4000
13.1000
12.7767
12.5500
The USD/MXN is the pairing of the United States dollar and the Mexican peso. Mexico is an emerging power. Experts
at Goldman Sachs have anticipated Mexico becoming the fifth largest economy in the world by 2050. As Mexico
continues to develop, investors eagerly anticipate the future of this pair.
USD MXN
COUNTRY: COUNTRY:
United States Mexico
Federal Reserve System Bank of Mexico
NICKNAME: NICKNAME:
Buck, Greenback N/A
84.9% 1.3%

GLOBAL
GLOBA
USD/SGD
United States/Singapore N/A

1.3003/1.2150 Emerging

56.9
ONE-YEAR CHART: USD/SGD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.2940
1.2820
1.2720
1.2600
1.2480
1.2380
1.2260
1.2140
FEB 14 APR 4 MAY 21 JUL 4 AUG 18 OCT 1 NOV 14
The USD/SGD is the pairing of the United States dollar and the Singapore dollar. The difference in interest rates
between USD and SGD makes USD/SGD a popular pair to “carry trade.” A carry trade involves buying a currency with a
high interest rate in hopes of earning profit off the daily swap payments (although losses are certainly possible).
USD SGD
COUNTRY: COUNTRY:
United States Singapore
Federal Reserve System Monetary Authority of Singapore
NICKNAME: NICKNAME:
Buck, Greenback N/A
84.9% 1.4%
Emerging Market Pairs

Currency Guide 41
USD/TRY
United States/Turkey N/A

1.8976/1.7333 Emerging

18.6
ONE-YEAR CHART: USD/TRY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1.8950
1.8700
1.8450
1.8250
1.8000
1.7800
1.7550
1.7300
JAN 10 FEB 29 APR 22 JUL 12 AUG 18 SEP 18 NOV 7
The USD/TRY is the pairing of the United States dollar and the Turkish lira. As an emerging market, Turkey is
expected to experience rapid growth and modern industrialization. Turkey has experienced a dramatic increase in its
GDP since 2001 even throughout the period of global recession. This growth may prove to have an effect on the TRY.
USD TRY
COUNTRY: COUNTRY:
United States Turkey
Federal Reserve System Central Bank of the Republic of Turkey
NICKNAME: NICKNAME:
84.9% 0.7%

GLOBAL
GLOBA
USD/CNH
United States/China N/A

6.3934/6.2012 Emerging

172.9
ONE-YEAR CHART: USD/CNH Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
6.460
6.420
6.380
6.330
6.290
6.250
6.210
The USD/CNH is the pairing of the United States Dollar and the Chinese offshore renminbi. China is one of the
BRIC countries. Considered one of the “Big Four,” China is the largest emerging market in terms of GDP. Since 2005,
the yuan has been pegged to the United States dollar. The Chinese government is expected to increase the flexibility
of the exchange rates in the future, which may result in price spikes in the pair.
USD CNH
COUNTRY: COUNTRY:
United States China
Federal Reserve System People’s Bank of China
NICKNAME: NICKNAME:
Buck, Greenback Offshore Renminbi
84.9% 0.9%

Currency Guide 43
USD/CNY
United States/China N/A

6.3540/6.2434 Emerging

83.9
ONE-YEAR CHART: USD/CNY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
6.3500
6.3300
6.3050
6.2800
6.2600
6.2400
6.2150
6.1950
The USD/CNY is the pairing of the United States dollar and the Chinese yuan. China is one of the BRIC countries.
Considered one of the “Big Four,” China is the largest emerging market in terms of GDP. Since 2005, the yuan
has been pegged to the United States dollar. The Chinese government is expected to increase the flexibility of the
exchange rates in the future, which may result in price spikes in the pair.
USD CNY
COUNTRY: COUNTRY:
United States China
Federal Reserve System People’s Bank of China
NICKNAME: NICKNAME:
Buck, Greenback Onshore Renminbi
84.9% 0.9%

GLOBAL
GLOBA
USD/INR
United States/India N/A

57.50/48.49 Emerging

43.7
ONE-YEAR CHART: USD/INR Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
57.20
56.00
54.80
53.60
52.40
51.20
50.00
48.60
FEB 14 APR 4 MAY 21 JUL 4 AUG 18 OCT 1 NOV 14
The USD/INR is the pairing of the United States dollar and the Indian rupee. India is one of the four largest
emerging markets, known as the BRIC countries. According to the 2010 BIS Triennial Central Bank Survey, the rupee
grew 42% since 2008. As the country continues to develop, the rupee may appreciate even more.
USD INR
COUNTRY: COUNTRY:
United States India
Federal Reserve System Reserve Bank of India
NICKNAME: NICKNAME:
84.9% 0.9%

Currency Guide 45
USD/KRW
United States/South Korea N/A

1186.60/1062.35 Emerging

941.9
ONE-YEAR CHART: USD/KRW Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
1,185.00
1,165.00
1,150.00
1,130.00
1,115.00
1,095.00
1,080.00
1,060.00
JAN 10 APR 3 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13
The USD/KRW is the pairing of the United States dollar and the South Korean won. The won was initially pegged to
the dollar at 15 won per dollar but adopted a free-floating exchange rate in 1980. South Korea’s economy has been
rapidly growing since the 1960s and continues to expand along with the other Asian Tigers.
USD KRW
COUNTRY: COUNTRY:
United States South Korea
Federal Reserve System Bank of Korea
NICKNAME: NICKNAME:
84.9% 1.5%

GLOBAL
GLOBA
USD/TWD
United States/Taiwan N/A

30.32/28.83 Emerging

12.7
ONE-YEAR CHART: USD/TWD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.
30.20
30.00
29.80
29.60
29.40
29.20
29.00
28.85
MAR 4 APR 16 JUN 3 JUL 14 AUG 25 OCT 6 NOV 17 DEC 8
The USD/TWD is the pairing of the United States dollar and the Taiwan dollar. Known as one of the “Four Asian
Tigers,” Taiwan experienced rapid industrialization and economic growth during the latter half of the twentieth
century. This period of time is known as the Taiwan Miracle. Taiwan imports its energy needs due to its lack of
natural resources, and therefore the TWD may be affected by oil prices.
USD TWD
COUNTRY: COUNTRY:
United States Taiwan
Federal Reserve System Central Bank of the Republic of China
NICKNAME: NICKNAME:
Buck, Greenback Kuài
84.9% 0.5%

Currency Guide 47
CONTACT INFORMATION
If you would like more information on FXDD and trading FX options,

we would love to hear from you!
LIVE CHAT: Talk to a Forex specialist in real time.

https://secure.fxdd.com/mt/en/live-talk.html
CALL US: +356.2013.3933
EMAIL US: sales@fxdd.com.mt
VISIT US: www.fxdd.com/mt/
ADDRESS: K2, 1st Floor

Forni Complex
Valetta Waterfront
Floriana FRN 1913, Malta
GLOBAL
GLOBA
NOTES
NOTES 49
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GLOBA
GLOBAL
© 2013

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CURRENCY

EMERGING MARKET PAIRS

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

JAN 10 FEB 29 APR 22 JUN 12 JUL 31 SEP 19 NOV 7

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

*Source: Bank for International Settlements – April 2010

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS:

2012 HIGHS & LOWS: PAIR TYPE:

DAILY AVERAGE MOVEMENT IN PIPS: