Live FOREX Cross Rates & FOREX Heat Map

The foreign exchange market (also known as FX or forex) is the global marketplace for exchanging national currencies against one another.

• Forex Cross Rates
• Forex Heat Map
• Forex Market Info

Forex Cross Rates

Real-time quotes of the major currencies in comparison to other major currencies at a glance.

Forex Heat Map

The Live FOREX Heat Map gives you a daily overview of real-time action in the currency markets. You can quickly spot strong and weak currencies in relation to one another.

Forex Market Information

Note: In India, Foreign Exchange or Forex trading is not allowed!

What is forex?

“FOREX” (also known as FX) stands for foreign exchange. It is the global marketplace for trading national currencies against one another. It is the largest financial market in the world because people, businesses, countries, and central banks participate in it.

Trillions of dollars are traded every day which results in good liquidity and tight spreads.

What are currency pairs?

Currencies always trade in pairs because there are always two currencies involved.

When you exchange U.S. dollars for euros or vice versa the currency pair is EUR/USD. Here, EUR is the base currency and USD is the quote currency. This means that if EUR/USD is trading for 1.05, it takes 1.05 USD to buy 1 EUR.

Most pairs have 4 decimal places (except Japanese yen pairs who have 2 decimal places).

What are pips in forex trading?

Pip” is an acronym for “Point in Percentage”. It is the unit of measurement to express the smallest change in value between two currencies.

A pip is usually the last decimal place of a price quote.
For example: for EUR/USD, one pip is 0.0001, and for USD/JPY, one pip is 0.01.

Currency Codes & Symbols

Every currency has an international currency code and symbol.

Major Forex Pairs

The four most traded currency pairs worldwide are called major pairs or “the majors”. At present these major currency pairs are:

• EUR/USD,
• USD/JPY,
• GBP/USD
• USD/CHF.