The currency pair USD/CHF is the rate between the US dollar and the Swiss franc. As in all currency pairs where the euro is not involved, the US dollar is the base currency in exchanges with the Swiss franc, and the franc is the quote or counter currency.
In a nutshell an FX Swap, or a Foreign Exchange Swap, is the simultaneous sale and purchase of one currency for another. As always things are not as simple as they might seem so read on if you would like a better grasp.
The currency pair known as USD/JPY (United States Dollar against the Japanese Yen) is one of a select group of currency pairs called the Majors and one of the most frequently traded currencies in the world.
Even if a currency pair is relatively stable, the price will still fluctuate in a wave-like fashion due to the activities of speculators. The greatest profit opportunities are presented when the price breaks out of one of these patterns. Check out ForexTrading.net's How To Guide to measuring breakouts.
Exchange rates are usually expressed as currency pairs and the most traded currency pairs in the world are referred to as ‘The Majors’. These count for about 85% of all transactions on the forex market, the EUR/USD is one of the majors. Click to learn more about the EUR/USD.
Thinking about trading currency? Not sure where to start? If you have ever bought foreign currency for an overseas trip, then you will probably be familiar with exchange rates. Check out this article to learn more about forex for newbies.
Getting started in Forex Trading can be exciting and new traders are often eager to get started but it's important to be vigilant against the pitfalls. Check out this article which covers 5 Beginner Trader's Mistakes.