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About currency pairs
Currencies are always traded in pairs
Currency prices (i.e. the exchange rate) are always quoted in pairs. GBP/USD, EUR/USD and NZD/CHF are all examples of currency pairs.
The first currency in the pair is called the base currency, while the second currency is called the quote currency. The exchange rate is defined by how much of the quote currency is required to purchase one unit of the base currency. So if GBP/USD is currently trading at 1.32459, this means that it costs 1.32459 USD to purchase 1 GBP.
You may often see currency pairs written without the "/". So GBP/USD can also be written as GBPUSD.
Major currency pairs
Major Currency Pairs, or majors, are the most commonly traded currency pairs that have the US dollar on one side.
The following table lists the majors that are tradable on Hummingbird Trading:
|AUD/USD||Australian Dollar||United States Dollar||Major|
|EUR/USD||Euro||United States Dollar||Major|
|GBP/USD||Great British Pound||United States Dollar||Major|
|NZD/USD||New Zealand Dollar||United States Dollar||Major|
|USD/CAD||United States Dollar||Canadian Dollar||Major|
|USD/CHF||United States Dollar||Swiss Franc||Major|
|USD/JPY||United States Dollar||Japanese Yen||Major|
The most commonly traded currency pairs that do not contain the US dollar are referred to as cross-currency pairs, crosses, or minors.
The following table lists the crosses that are tradable on Hummingbird Trading:
|AUD/CHF||Australian Dollar||Swiss Franc||Cross|
|AUD/JPY||Australian Dollar||Japanese Yen||Cross|
|CAD/CHF||Canadian Dollar||Swiss Franc||Cross|
|CAD/JPY||Canadian Dollar||Japanese Yen||Cross|
|CHF/JPY||Swiss Franc||Japanese Yen||Cross|
|EUR/GBP||Euro||Great British Pound||Cross|
|EUR/NZD||Euro||New Zealand Dollar||Cross|
|GBP/AUD||Great British Pound||Australian Dollar||Cross|
|GBP/CAD||Great British Pound||Canadian Dollar||Cross|
|GBP/CHF||Great British Pound||Swiss Franc||Cross|
|GBP/JPY||Great British Pound||Japanese Yen||Cross|
|GBP/NZD||Great British Pound||New Zealand Dollar||Cross|
|NZD/CHF||New Zealand Dollar||Swiss Franc||Cross|
|NZD/JPY||New Zealand Dollar||Japanese Yen||Cross|
Exotics are currency pairs with a major currency and a currency of one strong but small economy.
The following table lists the exotics that are tradable on Hummingbird Trading:
|AUD/CAD||Australian Dollar||Canadian Dollar||Exotic|
|AUD/NZD||Australian Dollar||New Zealand Dollar||Exotic|
|CHF/NOK||Swiss Franc||Norwegian Krone||Exotic|
|CHF/PLN||Swiss Franc||Poland złoty||Exotic|
|EUR/HKD||Euro||Hong Kong Dollar||Exotic|
|EUR/ZAR||Euro||South African Rand||Exotic|
|GBP/DKK||Great British Pound||Danish Krone||Exotic|
|GBP/NOK||Great British Pound||Norwegian Krone||Exotic|
|GBP/SEK||Great British Pound||Swedish Krona||Exotic|
|NOK/SEK||Norwegian Krone||Swedish Krona||Exotic|
|NZD/CAD||New Zealand Dollar||Canadian Dollar||Cross|
|NZD/SGD||New Zealand Dollar||Singapore Dollar||Exotic|
|SGD/JPY||Singapore Dollar||Japanese Yen||Exotic|
|USD/CZK||United States Dollar||Czech Koruna||Exotic|
|USD/DKK||United States Dollar||Danish Krone||Exotic|
|USD/HKD||United States Dollar||Hong Kong Dollar||Exotic|
|USD/HUF||United States Dollar||Hungarian Forint||Exotic|
|USD/MXN||United States Dollar||Mexican Peso||Exotic|
|USD/NOK||United States Dollar||Norwegian Krone||Exotic|
|USD/PLN||United States Dollar||Poland złoty||Exotic|
|USD/RUB||United States Dollar||Russian Ruble||Exotic|
|USD/SEK||United States Dollar||Swedish Krona||Exotic|
|USD/SGD||United States Dollar||Singapore Dollar||Exotic|
|USD/TRY||United States Dollar||Turkish lira||Exotic|
|USD/ZAR||United States Dollar||South African Rand||Exotic|
The latest addition to the foreign exchange world is cryptocurrencies. Just as with fiat currencies, cryptos are also be quoted in pairs. They are often crossed with other cryptocurrencies, but as they enter the mainstream, more and more crypto-fiat crosses have hit the markets.
Hummingbird Trading currently offers the following cryptocurrencies pairs, available for leveraged fx trading:
|BTC/GBP||Bitcoin||Great British Pound||Crypto|
|BTC/USD||Bitcoin||United States Dollar||Crypto|
|ETH/GBP||Ethereum||Great British Pound||Crypto|
|ETH/USD||Ethereum||United States Dollar||Crypto|
|LTC/USD||Litecoin||United States Dollar||Crypto|
|TRX/USD||Tron||United States Dollar||Crypto|
Scarce metals such as gold and silver can also be exchanged and paired with the USD and occasionally other currencies.
As of now, Hummingbird Trading does not offer any minerals, however we hope to get them onto the platform soon. Here are the two most comonly exchaged minerals:
|XAG/USG||XAG||United States Dollar||Gold|
|XAU/USD||XAU||United States Dollar||Silver|
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