Forex Quotes Update - A Powerful Research Tool
In this section, you will see the latest exchange rates for major currencies. You can also find which currency pairs have the biggest move in pips, and compare each pair to see how they fluctuate in different time frames.
Scroll for more details
| PAIR | Last | FLUCTUATION (+/- Pips) | |||
|---|---|---|---|---|---|
| 4 Hour | Day | Week | Month | ||
| AUDCAD | 0.8936 | -3 | 30 | 109 | 111 |
| AUDCHF | 0.5970 | -2 | 21 | 125 | 87 |
| AUDJPY | 102.51 | -4 | 101 | 323 | 389 |
| AUDNZD | 1.0985 | -3 | 23 | 82 | 87 |
| AUDUSD | 0.6549 | -5 | 25 | 126 | 30 |
| CADCHF | 0.6681 | 0 | 2 | 59 | 22 |
| CADJPY | 114.72 | -1 | 75 | 224 | 296 |
| CHFJPY | 171.73 | -2 | 107 | 190 | 392 |
| EURAUD | 1.6402 | 12 | -47 | -192 | -154 |
| EURCAD | 1.4656 | 6 | 8 | 10 | 46 |
| EURCHF | 0.9791 | 5 | 8 | 93 | 61 |
| EURGBP | 0.8574 | 5 | 4 | -35 | 31 |
| EURJPY | 168.12 | 5 | 116 | 341 | 487 |
| EURNZD | 1.8017 | 10 | -12 | -72 | -18 |
| EURUSD | 1.0741 | 1 | 12 | 86 | -51 |
| GBPAUD | 1.9129 | 2 | -64 | -144 | -247 |
| GBPCAD | 1.7093 | -3 | 0 | 81 | -6 |
| GBPCHF | 1.1420 | -2 | 4 | 155 | 33 |
| GBPJPY | 196.10 | -6 | 129 | 475 | 502 |
| GBPNZD | 2.1013 | -1 | -24 | 1 | -94 |
| GBPUSD | 1.2527 | -6 | 9 | 150 | -103 |
| NZDCAD | 0.8135 | -2 | 9 | 37 | 33 |
| NZDCHF | 0.5435 | -1 | 8 | 73 | 40 |
| NZDJPY | 93.32 | -2 | 73 | 225 | 279 |
| NZDUSD | 0.5962 | -3 | 11 | 71 | -22 |
| USDCAD | 1.3645 | 5 | -10 | -101 | 106 |
| USDCHF | 0.9116 | 3 | -4 | 14 | 101 |
| USDJPY | 156.53 | 4 | 92 | 193 | 522 |
What is the risk of hedging the same currency pairs?
If the price moves erratically and you don't see any confirmation until it is too late, both stop losses might be touched, and you might gain double loss compared to if you did not hedge, as much as the gap between both positions. Few traders are able to do this successfully, so it's not widely recommended for new traders.
Continue Reading at Introduction to Forex Hedging Strategy
How to hedge multiple currency pairs?
In this case, it's important to figure out the correlations between different currency pairs and choose the ones that are highly correlated, either positively or negatively. A positive correlation means that two pairs tend to move together in the same direction, while a negative correlation happens if two pairs tend to move in opposite ways.
For example, the GBP/USD and EUR/GBP are negatively correlated. Therefore, if you buy on one pair and sell on the other, you're going to create a hedge. Most brokers typically allow this method because it involves opening two positions in different currency pairs. The only issue with this type of hedging is that it can be more complicated and you'll be exposed to the fluctuations of both pairs.
Continue Reading at Why Is Hedging Not Allowed in Some Countries?
What are the most volatile currency pairs?
- AUD/JPY: The Australian dollar/Japanese yen (AUDJPY) currency pair typically moves 90 to 120 pips daily.
- NZD/JPY: This pair can move significantly daily, averaging 80 to 110 pips.
- GBP/USD: The British pound/United States dollar (GBP/USD) currency pair typically moves 60 to 90 pips daily.
- USD/CAD: This pair can move significantly daily, averaging 50 to 80 pips.
- EUR/USD: The Euro/United States dollar (EUR/USD) currency pair typically moves 40 to 70 pips daily.
Continue Reading at How to Trade Volatile Currency Pairs
What are the best technical indicators to trade volatile currency pairs?
- Bollinger Bands: It is a technical indicator that can measure market volatility. The bands widen when volatility increases and narrow when volatility decreases. Traders can use Bollinger Bands to identify periods of high and low volatility, overbought and oversold conditions, trend reversals, and support and resistance levels.
- Average True Range (ATR). The ATR is a technical indicator that measures the average range of a security's price over a specified period. The higher the ATR, the more volatile the market is.
Continue Reading at How to Trade Volatile Currency Pairs
