Even though the Major Forex Pairs match the most highly traded currencies in their relative value to the USD, it doesn’t mean that these currencies are less valuable when the USD is pulled out from the equation. In fact, they form a specific category called Minor currency pairs.
Minor Forex pairs involve major currencies in the Forex market except for the USD. These pairs are known as cross-currency pairs/crosses since the pairs take each currency from major Forex pairs and cross-match them with one another. These pairs are almost similar to the majors in terms of volume and liquidity but offer wider spreads and higher price fluctuations.
There are many Minor Forex pairs, however, the following 3 are the most heavily traded minor pairs in the Forex market:
✅ 1. GBP/EUR
The GPB/EUR pair consists of two of the most powerful currencies in the market, i.e., the British Pound and the Euro. This pair reflects the relationship between the UK and the European Union and is highly influenced by their political affairs. That is why the price fluctuation of GBP/EUR has been extremely volatile ever since the Brexit incident in 2016 when the UK voted to leave the European Union.
The GBP/EUR is also known as the “Chunnel.” It represents the Channel Tunnel running from Dover to Calais which connects the UK to Europe.
✅ 2. EUR/CHF
The Swiss Franc (CHF) is widely known as a safe currency. Therefore, in times of market volatility, traders try to protect their assets by using this currency, especially when it comes to the European economy. This close relationship causes the EUR/CHF, also known as the adorable and peaceful “Euro-Swissy,” to rise in value and popularity.
One of the most notable examples of how much investors seek protection from the CHF was when the Swiss Franc significantly rose in value during the European debt crisis of 2008. They considered the CHF a safety measure for their capital.
Even after the Swiss National Bank tied the value of CHF to EUR which resulted in high fluctuation, most traders and investors still consider this currency as one of the most stable currencies in the Forex market.
✅ 3. EUR/JPY
The EUR/JPY (Yuppy) is the seventh most heavily traded currency pair in the international markets. It also represents 3% of the daily market transactions, making it the most favorite cross/minor currency pair.
Most investors turn to EUR/JPY because this currency pair provides adequate price fluctuation and volatility resulting in a great number of trading opportunities.
Aside from the above currency pairs, other minor/cross currency pairs are as follows:
👌 EUR Crosses
Minor Forex pairs involve major currencies in the Forex market except for the USD. These pairs are known as cross-currency pairs/crosses since the pairs take each currency from major Forex pairs and cross-match them with one another. These pairs are almost similar to the majors in terms of volume and liquidity but offer wider spreads and higher price fluctuations.
There are many Minor Forex pairs, however, the following 3 are the most heavily traded minor pairs in the Forex market:
✅ 1. GBP/EUR
The GPB/EUR pair consists of two of the most powerful currencies in the market, i.e., the British Pound and the Euro. This pair reflects the relationship between the UK and the European Union and is highly influenced by their political affairs. That is why the price fluctuation of GBP/EUR has been extremely volatile ever since the Brexit incident in 2016 when the UK voted to leave the European Union.
The GBP/EUR is also known as the “Chunnel.” It represents the Channel Tunnel running from Dover to Calais which connects the UK to Europe.
✅ 2. EUR/CHF
The Swiss Franc (CHF) is widely known as a safe currency. Therefore, in times of market volatility, traders try to protect their assets by using this currency, especially when it comes to the European economy. This close relationship causes the EUR/CHF, also known as the adorable and peaceful “Euro-Swissy,” to rise in value and popularity.
One of the most notable examples of how much investors seek protection from the CHF was when the Swiss Franc significantly rose in value during the European debt crisis of 2008. They considered the CHF a safety measure for their capital.
Even after the Swiss National Bank tied the value of CHF to EUR which resulted in high fluctuation, most traders and investors still consider this currency as one of the most stable currencies in the Forex market.
✅ 3. EUR/JPY
The EUR/JPY (Yuppy) is the seventh most heavily traded currency pair in the international markets. It also represents 3% of the daily market transactions, making it the most favorite cross/minor currency pair.
Most investors turn to EUR/JPY because this currency pair provides adequate price fluctuation and volatility resulting in a great number of trading opportunities.
Aside from the above currency pairs, other minor/cross currency pairs are as follows:
👌 EUR Crosses
