CURRENCY PAIRS GUIDE

CURRENCY

PAIRS GUIDE

GLOBAL

Trading in the foreign exchange markets on margin carries a high level of risk,
and may not be suitable for all individuals. FXDD provides this information
as an educational service to its clients and prospects and does not endorse
opinions or recommendations. The information provided does not constitute
investment or trading advice. The high degree of leverage offered in the
Forex markets can work against you as well as for you. Before deciding to
trade in the foreign exchange markets you should carefully consider your
investment objectives, your level of experience, and your risk appetite. The
possibility exists that you could sustain a loss of some or all of your equity
and therefore you should not invest money that you cannot afford to lose.
Only true discretionary cash should be used in trading. You should make
yourself aware of all the risks associated with foreign exchange trading and
seek advice from an independent financial advisor if you have any questions

or concerns as to how a loss would affect your lifestyle.

CURRENCY
PAIRS GUIDE

© 2013

GLOBAL

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

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

PMAAIJROSR

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.

JAN 1 FEB 12 APR 8 JUN 3 JUL 29 SEP 23 NOV 18 1.340
1.320
1.300
1.280
1.260
1.240
1.220
1.200

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

COUNTRIES: PAIRS THAT CORRELATE:

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

2012 HIGHS & LOWS: PAIR TYPE:

0.8476/0.7457 Major

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
New Zealand United States

CENTRAL BANK: CENTRAL BANK:
Reserve Bank of New Zealand Federal Reserve System

NICKNAME: NICKNAME:
Kiwi Buck, Greenback

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
1.6% 84.9%

Major Pairs 9
Currency Guide

GBP/USD

COUNTRIES: PAIRS THAT CORRELATE:

United Kingdom/United States GBP/NZD, GBP/CAD, GBP/AUD

2012 HIGHS & LOWS: PAIR TYPE:

1.6309/1.5233 Major

DAILY AVERAGE MOVEMENT IN PIPS:

110.4

ONE-YEAR CHART: GBP/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

NOV 6 1.620
1.605
1.590
1.575
1.560
1.545
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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United Kingdom United States

CENTRAL BANK: CENTRAL BANK:
Bank of England Federal Reserve System

NICKNAME: NICKNAME:
Sterling, Cable Buck, Greenback

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
12.9% 84.9%

*Source: Bank for International Settlements – April 2010

GLOBAL

USD/CHF

COUNTRIES: PAIRS THAT CORRELATE:

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

2012 HIGHS & LOWS: PAIR TYPE:

10.9972/0.8927 Major

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States Switzerland

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Swiss National Bank

NICKNAME: NICKNAME:
Buck, Greenback Swiss

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 6.4%

Major Pairs 11
Currency Guide

USD/JPY

COUNTRIES: PAIRS THAT CORRELATE:

United States/Japan NZD/JPY, CAD/JPY, EUR/JPY

2012 HIGHS & LOWS: PAIR TYPE:

86.79/76.00 Major

DAILY AVERAGE MOVEMENT IN PIPS:

123.8

ONE-YEAR CHART: USD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

JAN 1 NOV 18 87.00
85.50
FEB 12 APR 8 JUN 3 JUL 29 SEP 23 84.00
82.50
81.00
79.50
78.00
76.50

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States Japan

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Bank of Japan

NICKNAME: NICKNAME:
Buck, Greenback None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 19%

*Source: Bank for International Settlements – April 2010

GLOBAL

AUD/USD

COUNTRIES: PAIRS THAT CORRELATE:

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

2012 HIGHS & LOWS: PAIR TYPE:

1.0856/0.9582 Major

DAILY AVERAGE MOVEMENT IN PIPS:

119.5

ONE-YEAR CHART: AUD/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

SEP 18 NOV 7 1.085
1.065
1.045
1.025
1.005
0.985
0.965

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Australia United States

CENTRAL BANK: CENTRAL BANK:
Reserve Bank of Australia Federal Reserve System

NICKNAME: NICKNAME:
Aussie Buck, Greenback

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
7.6% 84.9%

Major Pairs MAJOR PAIRS 13
Currency Guide

USD/CAD

COUNTRIES: PAIRS THAT CORRELATE:

United States/Canada USD/SGD, AUD/CHF, USD/TRY

2012 HIGHS & LOWS: PAIR TYPE:

1.0446/0.9629 Major

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States Canada

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Bank of Canada

NICKNAME: NICKNAME:
Buck, Greenback Loonie, Toonie

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 5.3%

*Source: Bank for International Settlements – April 2010

GLOBAL

NOTES

Major Pairs 15
Currency Guide

GLOBAL

PCRAOIRSSS

CURRENCY GUIDE

17

AUD/CAD

COUNTRIES: PAIRS THAT CORRELATE:

Australia/Canada AUD/USD, AUD/CHF, USD/CAD

2012 HIGHS & LOWS: PAIR TYPE:

1.0781/0.9920 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

84.3

ONE-YEAR CHART: AUD/CAD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Australia Canada

CENTRAL BANK: CENTRAL BANK:
Reserve Bank of Australia Bank of Canada

NICKNAME: NICKNAME:
Aussie Loonie, Toonie

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
7.6% 5.3%

*Source: Bank for International Settlements – April 2010

GLOBAL

AUD/JPY

COUNTRIES: PAIRS THAT CORRELATE:

Australia/Japan NZD/JPY, CAD/JPY, CHF/JPY

2012 HIGHS & LOWS: PAIR TYPE:

89.98/74.44 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

150.1

ONE-YEAR CHART: AUD/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

JAN 9 FEB 28 APR 21 JUN 11 JUL 30 SEP 18 NOV 7 89.00
87.00
The AUD/JPY is the pairing of the Australian dollar and the Japanese yen. The high interest rate in AUD in 85.00
83.00
comparison to that of JPY makes AUD/JPY a popular pair to “carry trade.” A carry trade involves buying a currency with 81.00
79.00
a high interest rate in hopes of earning profit off the daily swap payments (although losses are certainly possible). To 77.00
75.00
perform a carry trade in AUD/JPY, a trader would simply open a buy position.
19
AUD JPY

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Australia Japan

CENTRAL BANK: CENTRAL BANK:
Reserve Bank of Australia Bank of Japan

NICKNAME: NICKNAME:
Aussie None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
7.6% 19%

Cross Pairs
Currency Guide

AUD/NZD

COUNTRIES: PAIRS THAT CORRELATE:

Australia/New Zealand GBP/CHF, GBP/NZD, AUD/CHF

2012 HIGHS & LOWS: PAIR TYPE:

1.3164/1.2367 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Australia New Zealand

CENTRAL BANK: CENTRAL BANK:
Reserve Bank of Australia Reserve Bank of New Zealand

NICKNAME: NICKNAME:
Aussie Kiwi

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
7.6% 1.6%

*Source: Bank for International Settlements – April 2010

GLOBAL

CAD/JPY

COUNTRIES: PAIRS THAT CORRELATE:

Canada/Japan NZD/JPY, GBP/JPY, EUR/JPY

2012 HIGHS & LOWS: PAIR TYPE:

87.05/74.38 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Canada Japan

CENTRAL BANK: CENTRAL BANK:
Bank of Canada Bank of Japan

NICKNAME: NICKNAME:
Loonie, Toonie None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
5.3% 19%

Cross Pairs 21
Currency Guide

CHF/JPY

COUNTRIES: PAIRS THAT CORRELATE:

Switzerland/Japan EUR/JPY, NZD/JPY, GBP/JPY

2012 HIGHS & LOWS: PAIR TYPE:

94.89/78.35 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Switzerland Japan

CENTRAL BANK: CENTRAL BANK:
Swiss National Bank Bank of Japan

NICKNAME: NICKNAME:
Swiss None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
6.4% 19%

*Source: Bank for International Settlements – April 2010

GLOBAL

EUR/AUD

COUNTRIES: PAIRS THAT CORRELATE:

Eurozone/Australia EUR/JPY, EUR/USD, EUR/CHF

2012 HIGHS & LOWS: PAIR TYPE:

1.3014/1.1602 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Eurozone Australia

CENTRAL BANK: CENTRAL BANK:
European Central Bank Reserve Bank of Australia

NICKNAME: NICKNAME:
Fiber Aussie

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
39.1% 7.6%

Cross Pairs 23
Currency Guide

EUR/CAD

COUNTRIES: PAIRS THAT CORRELATE:

Eurozone/Canada EUR/GBP, EUR/JPY, CHF/JPY

2012 HIGHS & LOWS: PAIR TYPE:

1.3478/1.2125 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Eurozone Canada

CENTRAL BANK: CENTRAL BANK:
European Central Bank Bank of Canada

NICKNAME: NICKNAME:
Fiber Loonie, Toonie

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
39.1% 5.3%

*Source: Bank for International Settlements – April 2010

GLOBAL

EUR/CHF

COUNTRIES: PAIRS THAT CORRELATE:

Eurozone/Switzerland EUR/JPY, CAD/JPY, EUR/GBP

2012 HIGHS & LOWS: PAIR TYPE:

1.2201/1.1996 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Eurozone Switzerland

CENTRAL BANK: CENTRAL BANK:
European Central Bank Swiss National Bank

NICKNAME: NICKNAME:
Fiber Swiss

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
39.1% 6.4%

Cross Pairs 25
Currency Guide

EUR/GBP

COUNTRIES: PAIRS THAT CORRELATE:

Eurozone/United Kingdom EUR/CAD, EUR/JPY, CHF/JPY

2012 HIGHS & LOWS: PAIR TYPE:

0.8505/0.7756 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

48.4

ONE-YEAR CHART: EUR/GBP Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Eurozone United Kingdom

CENTRAL BANK: CENTRAL BANK:
European Central Bank Bank of England

NICKNAME: NICKNAME:
Fiber Sterling, Cable

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
39.1% 12.9%

*Source: Bank for International Settlements – April 2010

GLOBAL

EUR/JPY

COUNTRIES: PAIRS THAT CORRELATE:

Eurozone/Japan CHF/JPY, CAD/JPY, GBP/JPY

2012 HIGHS & LOWS: PAIR TYPE:

114.694/94.075 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

159.1

ONE-YEAR CHART: EUR/JPY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

JAN 10 FEB 29 APR 21 JUN 11 JUL 30 SEP 18 NOV 7 113.5
110.0
The EUR/JPY is the pairing of the euro and the Japanese yen. EUR/JPY is an extremely volatile pair that can 106.5
103.0
move as much as 250 pips in one trading day. The euro is the second most traded currency and the yen is the 99.50
96.00
third, after the United States dollar. Nicknamed the “yuppy” or “euppy,” EUR/JPY is most active during the euro
27
and U.S. sessions.

EUR JPY

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Eurozone Japan

CENTRAL BANK: CENTRAL BANK:
European Central Bank Bank of Japan

NICKNAME: NICKNAME:
Fiber None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
39.1% 19%

Cross Pairs
Currency Guide

EUR/TRY

COUNTRIES: PAIRS THAT CORRELATE:

Eurozone/Turkey N/A

2012 HIGHS & LOWS: PAIR TYPE:

2.4607/2.1808 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

281.7

DAILY CHART: EUR/TRY Daily Chart from February 14, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

FEB 14 APR 2 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13 2.420
2.380
2.340
2.300
2.260
2.220
2.180

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
Eurozone Turkey

CENTRAL BANK: CENTRAL BANK:
European Central Bank Central Bank of the Republic of Turkey

NICKNAME: NICKNAME:
Fiber None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
39.1% 0.7%

*Source: Bank for International Settlements – April 2010

GLOBAL

GBP/AUD

COUNTRIES: PAIRS THAT CORRELATE:

United Kingdom/Australia GBP/NZD, GBP/CAD, GBP/USD

2012 HIGHS & LOWS: PAIR TYPE:

Did not offer Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United Kingdom Australia

CENTRAL BANK: CENTRAL BANK:
Bank of England Reserve Bank of Australia

NICKNAME: NICKNAME:
Sterling, Cable Aussie

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
12.9% 7.6%

Cross Pairs 29
Currency Guide

GBP/CAD

COUNTRIES: PAIRS THAT CORRELATE:

United Kingdom/Canada GBP/USD, GBP/NZD, GBP/AUD

2012 HIGHS & LOWS: PAIR TYPE:

Did not offer Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United Kingdom Canada

CENTRAL BANK: CENTRAL BANK:
Bank of England Bank of Canada

NICKNAME: NICKNAME:
Sterling, Cable Loonie, Toonie

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
12.9% 5.3%

*Source: Bank for International Settlements – April 2010

GLOBAL

GBP/CHF

COUNTRIES: PAIRS THAT CORRELATE:

United Kingdom/Switzerland GBP/NZD, AUD/NZD, GBP/USD

2012 HIGHS & LOWS: PAIR TYPE:

1.5484/1.4177 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United Kingdom Switzerland

CENTRAL BANK: CENTRAL BANK:
Bank of England Swiss National Bank

NICKNAME: NICKNAME:
Sterling, Cable Swiss

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
12.9% 6.4%

Cross Pairs 31
Currency Guide

GBP/JPY

COUNTRIES: PAIRS THAT CORRELATE:

United Kingdom/Japan CAD/JPY, CHF/JPY, EUR/JPY

2012 HIGHS & LOWS: PAIR TYPE:

141.01/117.3 Cross

DAILY AVERAGE MOVEMENT IN PIPS:

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

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

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United Kingdom Japan

CENTRAL BANK: CENTRAL BANK:
Bank of England Bank of Japan

NICKNAME: NICKNAME:
Sterling, Cable None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
12.9% 19%

*Source: Bank for International Settlements – April 2010

GLOBAL

NZD/JPY

COUNTRIES: PAIRS THAT CORRELATE:

New Zealand/Japan CAD/JPY, AUD/JPY, CHF/JPY

2012 HIGHS & LOWS: PAIR TYPE:

Did not offer Cross

DAILY AVERAGE MOVEMENT IN PIPS:

152.6

DAILY CHART: NZD/JPY Daily Chart from February 14, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

FEB 14 APR 3 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13 70.50
68.50
The NZD/JPY is the pairing of the New Zealand dollar and the Japanese yen. The difference in interest rates between 66.50
64.50
NZD and JPY makes NZD/JPY a popular pair to “carry trade.” A carry trade involves buying a currency with a high 62.50
60.50
interest rate in hopes of earning profit off the daily swap payments (although losses are certainly possible). 58.50

NZD JPY 33

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
New Zealand Japan

CENTRAL BANK: CENTRAL BANK:
Reserve Bank of New Zealand Bank of Japan

NICKNAME: NICKNAME:
Kiwi None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
1.6% 19%

Cross Pairs
Currency Guide

GLOBAL

PCOAMMIORDISTY

CURRENCY GUIDE

35

XAG/USD

COUNTRIES: PAIRS THAT CORRELATE:

Silver/United States XAU/USD

2012 HIGHS & LOWS: PAIR TYPE:

37.48/26.11 Commodity

DAILY AVERAGE MOVEMENT IN PIPS:

7.1

ONE-YEAR CHART: XAG/USD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

JAN 11 MAR 3 APR 22 JUN 12 JUL 31 SEP 19 NOV 10 38.00
36.00
34.00
32.00
30.00
28.00
26.00

XAG/USD conveys the value of silver USD

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

% OF AVERAGE DAILY TURNOVER:*
84.9%

*Source: Bank for International Settlements – April 2010

GLOBAL

XAU/USD

COUNTRIES: PAIRS THAT CORRELATE:

Gold/United States XAG/USD

2012 HIGHS & LOWS: PAIR TYPE:

1795.52/1526.82 Commodity

DAILY AVERAGE MOVEMENT IN PIPS:

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

compared to the United States dollar. ADDITIONAL INFO
Savvy traders can attempt to profit from
fluctuations in the price of metals or use COUNTRY:
these instruments as a safeguard against United States
inflation or commodity pairs.
CENTRAL BANK:
Federal Reserve System

NICKNAME:
Buck, Greenback

% OF AVERAGE DAILY TURNOVER:*
84.9%

Commodity Pairs 37
Currency Guide

GLOBAL

PMEMAAERRIGRKIENSTG

CURRENCY GUIDE

39

USD/MXN

COUNTRIES: PAIRS THAT CORRELATE:

United States/Mexico N/A

2012 HIGHS & LOWS: PAIR TYPE:

14.597/12.548 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

168.8

ONE-YEAR CHART: USD/MXN Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States Mexico

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Bank of Mexico

NICKNAME: NICKNAME:
Buck, Greenback N/A

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 1.3%

*Source: Bank for International Settlements – April 2010

GLOBAL

USD/SGD

COUNTRIES: PAIRS THAT CORRELATE:

United States/Singapore N/A

2012 HIGHS & LOWS: PAIR TYPE:

1.3003/1.2150 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

56.9

ONE-YEAR CHART: USD/SGD Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

FEB 14 APR 4 MAY 21 JUL 4 AUG 18 OCT 1 NOV 14 1.2940
1.2820
The USD/SGD is the pairing of the United States dollar and the Singapore dollar. The difference in interest rates 1.2720
1.2600
between USD and SGD makes USD/SGD a popular pair to “carry trade.” A carry trade involves buying a currency with a 1.2480
1.2380
high interest rate in hopes of earning profit off the daily swap payments (although losses are certainly possible). 1.2260
1.2140
USD SGD
41
ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States Singapore

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Monetary Authority of Singapore

NICKNAME: NICKNAME:
Buck, Greenback N/A

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 1.4%

Emerging Market Pairs
Currency Guide

USD/TRY

COUNTRIES: PAIRS THAT CORRELATE:

United States/Turkey N/A

2012 HIGHS & LOWS: PAIR TYPE:

1.8976/1.7333 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

18.6

ONE-YEAR CHART: USD/TRY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

JAN 10 FEB 29 APR 22 JUL 12 AUG 18 SEP 18 NOV 7 1.8950
1.8700
1.8450
1.8250
1.8000
1.7800
1.7550
1.7300

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States Turkey

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Central Bank of the Republic of Turkey

NICKNAME: NICKNAME:
Buck, Greenback None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 0.7%

*Source: Bank for International Settlements – April 2010

GLOBAL

USD/CNH

COUNTRIES: PAIRS THAT CORRELATE:

United States/China N/A

2012 HIGHS & LOWS: PAIR TYPE:

6.3934/6.2012 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

172.9

ONE-YEAR CHART: USD/CNH Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

FEB 14 APR 3 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13 6.460
6.420
The USD/CNH is the pairing of the United States Dollar and the Chinese offshore renminbi. China is one of the 6.380
6.330
BRIC countries. Considered one of the “Big Four,” China is the largest emerging market in terms of GDP. Since 2005, 6.290
6.250
the yuan has been pegged to the United States dollar. The Chinese government is expected to increase the flexibility 6.210

of the exchange rates in the future, which may result in price spikes in the pair. 43

USD CNH

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States China

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System People’s Bank of China

NICKNAME: NICKNAME:
Buck, Greenback Offshore Renminbi

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 0.9%

Emerging Market Pairs
Currency Guide

USD/CNY

COUNTRIES: PAIRS THAT CORRELATE:

United States/China N/A

2012 HIGHS & LOWS: PAIR TYPE:

6.3540/6.2434 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

83.9

ONE-YEAR CHART: USD/CNY Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

FEB 14 APR 1 MAY 16 JUL 3 AUG 15 SEP 29 NOV 12 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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States China

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System People’s Bank of China

NICKNAME: NICKNAME:
Buck, Greenback Onshore Renminbi

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 0.9%

*Source: Bank for International Settlements – April 2010

GLOBAL

USD/INR

COUNTRIES: PAIRS THAT CORRELATE:

United States/India N/A

2012 HIGHS & LOWS: PAIR TYPE:

57.50/48.49 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

43.7

ONE-YEAR CHART: USD/INR Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

FEB 14 APR 4 MAY 21 JUL 4 AUG 18 OCT 1 NOV 14 57.20
56.00
The USD/INR is the pairing of the United States dollar and the Indian rupee. India is one of the four largest 54.80
53.60
emerging markets, known as the BRIC countries. According to the 2010 BIS Triennial Central Bank Survey, the rupee 52.40
51.20
grew 42% since 2008. As the country continues to develop, the rupee may appreciate even more. 50.00
48.60
USD INR
45
ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States India

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Reserve Bank of India

NICKNAME: NICKNAME:
Buck, Greenback None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 0.9%

Emerging Market Pairs
Currency Guide

USD/KRW

COUNTRIES: PAIRS THAT CORRELATE:

United States/South Korea N/A

2012 HIGHS & LOWS: PAIR TYPE:

1186.60/1062.35 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

941.9

ONE-YEAR CHART: USD/KRW Daily Chart from January 1, 2012 to December 31, 2012 on the FXDD Swordfish Platform.

JAN 10 APR 3 MAY 20 JUL 3 AUG 15 SEP 30 NOV 13 1,185.00
1,165.00
1,150.00
1,130.00
1,115.00
1,095.00
1,080.00
1,060.00

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States South Korea

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Bank of Korea

NICKNAME: NICKNAME:
Buck, Greenback None

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 1.5%

*Source: Bank for International Settlements – April 2010

GLOBAL

USD/TWD

COUNTRIES: PAIRS THAT CORRELATE:

United States/Taiwan N/A

2012 HIGHS & LOWS: PAIR TYPE:

30.32/28.83 Emerging

DAILY AVERAGE MOVEMENT IN PIPS:

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

MAR 4 APR 16 JUN 3 JUL 14 AUG 25 OCT 6 NOV 17 DEC 8 28.85

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

ADDITIONAL INFO ADDITIONAL INFO

COUNTRY: COUNTRY:
United States Taiwan

CENTRAL BANK: CENTRAL BANK:
Federal Reserve System Central Bank of the Republic of China

NICKNAME: NICKNAME:
Buck, Greenback Kuài

% OF AVERAGE DAILY TURNOVER:* % OF AVERAGE DAILY TURNOVER:*
84.9% 0.5%

Emerging Market Pairs 47
Currency Guide

CONTACT INFORMATION

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NOTES

NOTES 49

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