#6: What is an exotic currency
What is an exotic currency
An Exotic Currency are currency pairs from smaller economies.
They have lower liquidity and are more volatilite (compared to major currency pairs).
Here are a list of them:
Benefits of trading the Exotic Currency pairs
You might be thinking…
“Exotic Currency pairs aren’t the cool kids in town.”
“So why should I trade them?”
Because you’ll get profitable trading opportunities from time to time.
And these trends can last for months or even years.
Here are a few examples…
USD/ZAR had an uptrend that lasted 5 years:
USD/MXN had an uptrend that lasted 4 years:
USD/CNH had a 3-year uptrend: