The Majors (traded on the off-exchange foreign currency market)
EURO, symbol = EUR
SWISS FRANC, symbol = CHF
BRITISH POUND, symbol = GBP
JAPANESE YEN, symbol = JPY
AUSTRALIAN DOLLAR, symbol = AUD
CANADIAN DOLLAR, symbol = CAD
UNITED STATES DOLLAR, symbol = USD
Cross Rates: EUR/AUD, EUR/CAD, GBP/CHF
Forex Currency Information & Calculating Profit/Loss
Forex Currencies are traded on the off-exchange foreign currency market. The off-exchange foreign currency market is open almost 24/7. More specifically, Sunday 5pm EST(NY Time), opens in Sydney, until Friday 5:00 pm EST in New York, when it closes. The off-exchange foreign currency market first opens in Sydney, Australia, then moves to Tokyo, Japan, then London, England, then New York, United States. Foreign Exchange quotes. The first currency listed is the base currency and the value of the base currency is always 1, for example, a quote of USD/JPY 110.00 means that ONE U.S. dollar is equal to 110.00 Japanese yen. When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated and the other currency has weakened. If the USD/JPY quote we previously mentioned increases to 130.00, the dollar is stronger because it will now buy more yen (JPY). There are three exceptions to this rule, the British pound (GBP), the Australian dollar (AUD), and the Euro (EUR). In these cases, you might see a quote such as GBP/USD 1.4000, meaning that one British pound equals 1.4000 U.S. dollars. In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U.S. dollars to equal one Pound, Euro or Australian dollar.
- Here is a summary of the past 10 years from a selection of Forex Currencies. 10 Year History. This doc shows just how much Foreign Currencies Trend.
- This PDF is about Foreign Exchange History and the big market players.