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Forex Trading What are exotic currencies?
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Question by: housegiant - 23 Sep 2014, 08:09:25
What are exotic currencies?
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Answers (4)
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Answer by: thefountainboy - 24 Sep 2014, 07:53:48

Exotic currencies are those that are rarely traded on the Forex. Because of this, they are usually not very liquid and have significantly larger spreads between the ask and bid.

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Answer by: Samanthar - 06 Feb 2015, 04:17:15

A foreign exchange term for a thinly traded currency. Exotic currencies are illiquid, lack market depth and trade at low volumes. Trading an exotic currency can be expensive, as the bid-ask spread is usually large.

avatar user 5775
Answer by: Joseph - 19 May 2015, 05:48:58

A currency that is not widely used in international trade and financial transactions and is thinly traded in the FOREIGN EXCHANGE markets.

avatar user 6082
Answer by: Jeremy - 17 Jun 2015, 08:28:50

Currency that is seldom traded on the foreign exchange market and consequently has little liquidity. See Hard Currency; Soft Currency.

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