{"id":17910,"date":"2013-05-07T13:40:46","date_gmt":"2013-05-07T08:10:46","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=17910"},"modified":"2024-04-12T14:15:15","modified_gmt":"2024-04-12T08:45:15","slug":"major-currencies-3","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/","title":{"rendered":"Major Currencies &#8211; Foreign Exchange Tutorials"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>What are the Major Currencies in Foreign Exchange?<\/strong><\/h4>\n\n\n\n<p><span class=\"vsc-cn\" style=\"text-align: center;\">Let&#8217;s learn about Major Currencies. <\/span>Although the foreign exchange market is often billed as a banker&#8217;s game, currencies can sometimes be a great way to diversify a portfolio that might have hit a bit of a rut. It&#8217;s a market that can also offer tremendous opportunities when other global forums enter the doldrums. As a result, knowing a little bit about&nbsp;forex, and the&nbsp;fundamentals behind it, can make significant additions to any trader, investor, or portfolio manager&#8217;s arsenal. Let&#8217;s take a look at eight currencies every trader or investor should know, along with the&nbsp;central banks&nbsp;of their respective nations.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The&nbsp;Bank of Japan&nbsp;governs monetary policy as well as currency issuance,&nbsp;money market&nbsp;operations, and data\/economic analysis.&nbsp;<\/li>\n\n\n\n<li>The Bank of England has a Court of Directors or governing body appointed by the Crown. It also has a Monetary Policy Committee headed by the governor of the bank.&nbsp;<\/li>\n\n\n\n<li>The Swiss franc, the Canadian dollar, the Australian and New Zealand dollars, and the South African rand round out the list of top tradable currencies.<\/li>\n\n\n\n<li>The U.S. dollar is the home denomination of the world&#8217;s largest economy, sometimes referred to as the greenback.<\/li>\n\n\n\n<li>The European Central Bank holds the right to issue&nbsp;euro banknotes&nbsp;as it sees fit, while policymakers can interject at times of bank or system failures.<\/li>\n<\/ul>\n\n\n\n<p><strong>Following are the major traded Currency<\/strong><\/p>\n\n\n\n<p>EUR\/USD: The euro and the U.S. dollar<br>USD\/JPY: The U.S. dollar and the Japanese yen<br>GBP\/USD: The British pound sterling and the U.S. dollar<br>USD\/CHF: The U.S. dollar and the Swiss franc<\/p>\n\n\n\n<h5 class=\"has-text-align-center has-content-secondary-color has-content-primary-background-color has-text-color has-background wp-block-heading\"><strong>Practice Questions<\/strong><\/h5>\n\n\n\n<p><strong>1. What are the major currencies in foreign exchange?<\/strong><br>A) USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD<br>B) USD, EUR, JPY, GBP, CHF, AUD, CAD, HKD<br>C) USD, EUR, JPY, GBP, CHF, CAD, AUD, CNY<\/p>\n\n\n\n<p><strong>2. Which currency is the most widely traded in foreign exchange?<\/strong><br>A) USD<br>B) EUR<br>C) JPY<\/p>\n\n\n\n<p><strong>3. Which currency is the official currency of the European Union?<\/strong><br>A) USD<br>B) EUR<br>C) GBP<\/p>\n\n\n\n<p><strong>4.<\/strong> <strong>Which currency is often referred to as the &#8220;safe haven&#8221; currency in times of market volatility?<\/strong><br>A) USD<br>B) EUR<br>C) CHF<\/p>\n\n\n\n<p><strong>Answers: <\/strong><\/p>\n\n\n\n<p>1. A<\/p>\n\n\n\n<p>2. A<\/p>\n\n\n\n<p>3. B<\/p>\n\n\n\n<p>4. C<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.vskills.in\/practice\/foreign-exchange\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"912\" height=\"114\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2023\/04\/Foreign-Exchange-Practice-tests-1.png\" alt=\"Vskills Foreign Exchange Practice Tests\" class=\"wp-image-120957\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2023\/04\/Foreign-Exchange-Practice-tests-1.png 912w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2023\/04\/Foreign-Exchange-Practice-tests-1-300x38.png 300w\" sizes=\"auto, (max-width: 912px) 100vw, 912px\" \/><\/a><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Apply for Foreign Exchange Certification<\/strong><\/h5>\n\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/Certified-Foreign-Exchange-Professional\">https:\/\/www.vskills.in\/certification\/Certified-Foreign-Exchange-Professional<\/a><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><a href=\"http:\/\/vskills.in\/certification\/tutorial\/accounting-banking-finance\/foreign-exchange-professional\/hot-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u20d6&nbsp;Previous<\/a>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<a href=\"http:\/\/vskills.in\/certification\/tutorial\/accounting-banking-finance\/foreign-exchange-professional\/fixed-floating-and-dirty-float\/\" target=\"_blank\" rel=\"noreferrer noopener\">Next&nbsp;\u20d7<\/a><\/h5>\n\n\n\n<h5 class=\"wp-block-heading\"><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/foreign-exchange-professional\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Go back to Tutorial<\/strong><\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>What are the Major Currencies in Foreign Exchange? Let&#8217;s learn about Major Currencies. Although the foreign exchange market is often billed as a banker&#8217;s game, currencies can sometimes be a great way to diversify a portfolio that might have hit a bit of a rut. It&#8217;s a market that can also offer tremendous opportunities when&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[85],"tags":[6720,1888],"class_list":["post-17910","page","type-page","status-publish","hentry","category-export-import","tag-foreign-trade","tag-major-currencies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Major Currencies - Foreign Exchange Tutorials - Tutorial<\/title>\n<meta name=\"description\" content=\"Enhamce your knowledge on Major Currencies. practice and validate your skills to become a Certified Export Import Foreign Trade Professional!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Currencies - Foreign Exchange Tutorials - Tutorial\" \/>\n<meta property=\"og:description\" content=\"Enhamce your knowledge on Major Currencies. practice and validate your skills to become a Certified Export Import Foreign Trade Professional!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:45:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2023\/04\/Foreign-Exchange-Practice-tests-1.png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/\",\"name\":\"Major Currencies - Foreign Exchange Tutorials - Tutorial\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2023\/04\/Foreign-Exchange-Practice-tests-1.png\",\"datePublished\":\"2013-05-07T08:10:46+00:00\",\"dateModified\":\"2024-04-12T08:45:15+00:00\",\"description\":\"Enhamce your knowledge on Major Currencies. practice and validate your skills to become a Certified Export Import Foreign Trade Professional!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2023\/04\/Foreign-Exchange-Practice-tests-1.png\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2023\/04\/Foreign-Exchange-Practice-tests-1.png\",\"width\":912,\"height\":114,\"caption\":\"Vskills Foreign Exchange Practice Tests\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/major-currencies-3\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Major Currencies &#8211; 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