Minor Currency Pair Definition | CFI

minor currency pair

A minor currency pair is a pair of currencies from large, strong economies that do not include the US Dollar. The most popular and most traded minor currency pairs include the Pound, the Euro, and the Yen because, besides the US Dollar, these are the three most traded currencies.

 

The euro (EUR) is the second most held reserve currency, and the second most traded in the world. It accounts for up to 31% of the daily trading volume in the market. It has maintained the status of being a major reserve currency since its introduction in 1999. An example of a minor currency pair with the euro is EUR/GBP.

 

The Japanese yen (JPY) is the fourth most held reserve currency, and the third most traded in the forex market, accounting for almost 22% of the daily trading volume. The JPY is traded as a reserve currency because it remains stable during turbulent market times. An example of a minor pair with the Yen is EUR/JPY.

 

The great British Pound (GBP) is the third most held reserve currency, and the fourth most traded in the forex market, accounting for approximately 13% of daily trade volume. An example of a minor currency pair with the Pound would be EUR/GBP.

 

The most-traded minor currency pairs that you can trade with CFI include:

 

  • Euro/British Pound (EUR/GBP)
  • British Pound/Canadian Dollar (GBP/CAD)
  • Swiss Franc/Japanese Yen (CHF/JPY)
  • Euro/Australian Dollar (EUR/AUD)
  • New Zealand Dollar/Japanese Yen (NZD/JPY)
  • British Pound/Japanese Yen (GBP/JPY)

 

key takeaways:

 

  • Minor currency pairs have a smaller market share compared to major pairs
  • They have lower market liquidity compared to major pairs
  • They have wider forex spreads compared to major pairs
Credit Financier Invest (Mauritius) Ltd is an award winning global financial markets provider with over 23 years of experience and regulated entities in several jurisdictions, focused on offering impeccable execution and trading conditions including very low spreads, professional services, dedicated support and powerful tools.
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Important Disclaimer:


We would like to remind that while we endeavour to provide best possible services, CFI provides execution only services and any information, reports, opinions, commentary or other materials he receives from CFI directly or from its employees or through any analytical tools provided to him or third party research provided to him from the Company shall not be deemed as investment advice and it cannot be relied upon to make investment decisions. The Client commits to make his own research and from external sources as well to make any investment. The Client accepts that CFI will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The contents of any report provided should not be construed as an express or implied promise, as a guarantee or implication that clients will profit from the strategies herein, or as a guarantee that losses in connection therewith can, or will be limited.


Forex and CFDs are leveraged products that incur a high level of risk and a small adverse market movement may expose the client to lose the entire invested capital. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The possibility exists that you could sustain a loss in excess of your deposited funds even if a stop loss is used and therefore, you should not speculate with capital that you cannot afford to lose and be aware of trading risks. Credit Financier Invest (Mauritius) Ltd provides general information that does not take into account your objectives, financial situation or needs. The content of this website must not be interpreted as personal advice. Please ensure that you understand the risks involved and seek independent advice if necessary.

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