USD-JPY

The official currency of Japan is Japanese Yen also called JPY. In forex market its rank is three in the list of most traded currency subsequent to U.S dollar and the euro. In Asia it is most greatly traded currency.

The Japanese financial system is the universal third greatest national system and most important in Asia. Japan is a main exporter all over the world. Japan has to trade in heavy quantity with the United States, Europe, Asia and other countries so that’s why transnational businesses have to exchange local currency into Japanese yen on daily basis.

Yen is also a well-liked currency for the currency trader because of low interest rates in Japan. Due to these features, USD/JPY is greatly traded in forex exchange.

USD/JPY offers low bid-ask spreads and outstanding buying and selling chances. It is very good pair for newcomers to trade and also admirable by practiced traders.

                   1 U.S dollar = 108.67 JPY

USD-CHF

Swiss franc is a governmental currency of Switzerland and Liechtenstein. The Swiss Franc is also called “swissie” by currency traders in forex market and its rank is six in the list of maximum traded currency in 2016. Forex exchange is the greatest worldwide economic exchange and consists of U.S.$ 5 trillion bulk on daily basis.

The Swiss franc involves a great part of this trade. In case of uncertainties in different markets and investments, the swiss franc is thought a safe heaven. Several reasons make this currency unwavering comprising. Political firmness, its solid act rule, its constant position concerns to international matters, and its western attitude to professional matters.

Moreover, Switzerland’s administration and the swiss National Bank are non-interfering.

USD/CHF is the short form for U.S dollars and swiss franc exchange pair. It shows value of swiss franc in one U.S dollar.

 

1 U.S. dollar = 0.96 swiss franc

Increase and decrease in rates of U.S dollar and swiss franc with respect to each other and other currencies have impact on USD/CHF. So difference of interest rates of federal reserve (Fed) and the bank of Canada (BoC) will have impact the rates of these currencies when compared to each other.

USD-CAD

The coinage of Canada is Canadian dollar. It is represented by C$ and often CAN$ to differentiate it from other dollar dominated currencies. It is in use from 1858. One Canadian dollar consists of 100 cents. CAD is thought to be a standard currency various central banks throughout the worldpreserve Canadian dollars as a reserve currency.

In forex exchange, many organizations and persons trade Canadian dollar so its rank is seven in the list of maximum traded currency. Worth of Canadian dollar and Canada’s economic policy are critically effected by international goods rates particularly oil. So Canada’s currency has a tendency tovaryaccording to international goods rates.

USD/CAD is the short form for U.S dollar and Canadian dollar exchange pair. It is also called “loonie”. The pair shows value of Canadian dollar in one U.S dollars.

1 U.S Dollar = 1.24 CAD

Increase and decrease in rates of U.S dollar and Canadian dollar with respect to each other and other currencies have impact on USD/CAD. So difference of interest rates of federal reserve (Fed) and the bank of Canada (BoC) will have impact the rates of these currencies when compared to each other.