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currency performance 2013The Forex market is regarded as one of the most active and liquid markets in the world. The market also offers enormous flexibility for traders looking to capitalize on opportunities created between some of the most commonly used currency pairs. The performance of these currency pairs over the course of the 2013 year allows a trader to accurately analyze and measure which currencies are performing better than others in relation to particular currencies. Also, currency pair performance will help traders discover which currency pairs are most profitable to trade with.

Performances of Different Currency Pairs in 2020

Before one can begin analyzing the performance of major currency pairs over the 2017 year, it is first important to understand how currency pair performance is calculated. The Forex Pair Performance Strength Score is a commonly used concept when determining the strength of one currency in relation to another. The technique involves the use of multiple statistical tools to calculate a strength score for each currency as they relate to a currency pair. Combining the different strength scores of a currency will also help a trader identify which currencies have proved to be strong regardless of the currency they are paired against.

A Forex pair consists of a base currency and a quote currency. The base currency is defined as the currency that the trader will look to buy or sell. The quote currency, on the hand, also known in some circles as the secondary currency is the currency in which the base currency will be quoted. For example if the base currency to be used is the Euro and the quote currency is the U.S dollar, their relationship will be described as the ratio between the base currency and the quoted currency.

What are the best trending currency pairs?

USD/CAD, GBP/JPY, and AUD/USD are the best trending pairs on a daily chart when a moving average is used to identify trends. GBP/JPY, USD/JPY, and EUR/JPY are the best trending pairs on a daily timeframe when measuring the number consecutive HHHL and LLLH formations
 

What is the most commonly traded currency pairs by volume?

Moreover, their trading volume correlates with the size of the economy in corresponding countries. So, the British pound, the Japanese yen, the Swiss franc, the Australian, and the Canadian dollars will make up the most actively traded currency pairs together with the US dollar and the Euro.
 

What are the 8 major currencies?

In general, the eight most traded currencies (in no specific order) are the U.S. dollar (USD), the Canadian dollar (CAD), the euro (EUR), the British pound (GBP), the Swiss franc (CHF), the New Zealand dollar (NZD), the Australian dollar (AUD) and the Japanese yen (JPY).
 

How many forex currency pairs are there?

As of current date, there are approximately 180 legal currencies circulating throughout the world. So it is theoretically possible to exchange a single currency with 179 different currencies. Most international Forex brokers would offer you to trade in between 40–70 currency pairs.
 

The Safest Major Currency Is the Norwegian krone

It's the Norwegian krone. Norway's central bank, which issues the krone, has among the highest capital ratios of any central bank in the world at 23.3%.
 

Which currency pair is most profitable in Forex?

The Most Profitable FX Pairs for Scalping
  • USD/EUR. ...
  • USD/GBP. ...
  • USB/JPY. ...
  • AUD/JPY (Australian Dollar/Japanese Yen)
  • NZD/JPY (New Zealand Dollar/Japanese Yen)
  • AUD/USD (Australian Dollar/US Dollar)
  • CAD/JPY (Canadian Dollar/Japanese Yen)
  • AUD/GBP (Australian Dollar/Pound Sterling)