Discover OANDA's Extensive Currency Pairs: How Many Options Are Available?

How many currency pairs does OANDA have?

If you are a foreign exchange trader, you have probably heard of OANDA. The company is a leading player in the forex industry, offering a range of trading options for individuals and institutions alike. One of the biggest draws of OANDA is the sheer number of currency pairs available for trading.

OANDA is constantly updating and expanding its offering, and currently offers more than 70 currency pairs to trade. These include all the major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, as well as numerous minor and exotic pairs.

Major Currency Pairs

The major currency pairs are made up of the most heavily traded currencies in the world. They are the US dollar (USD), euro (EUR), Japanese yen (JPY), British pound (GBP), Swiss franc (CHF), Canadian dollar (CAD), and Australian dollar (AUD). In total, OANDA offers 28 major currency pairs.

Minor Currency Pairs

Minor currency pairs are those that do not include the USD as one of the currencies. While not traded as heavily as the majors, they still offer good trading opportunities. OANDA offers 35 minor currency pairs, including some interesting options such as the EUR/GBP, GBP/JPY, and CHF/JPY.

Exotic Currency Pairs

Exotic currency pairs are those that include currencies from emerging or smaller economies. Trading in these pairs can be more volatile due to the smaller size of their respective economies. OANDA offers a range of exotic currency pairs, including the USD/HKD, USD/ZAR, and USD/THB. In total, OANDA offers 9 exotic currency pairs.

Conclusion

OANDA offers traders a vast selection of more than 70 currency pairs, including all the major and minor pairs, as well as a range of exotic pairs. With its user-friendly platform and competitive pricing, OANDA is a popular choice for forex traders around the world.