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How To Install Metatrader 5 Custom Indicators May 9, 2022
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Exotic Currency

Mira Team by Mira Team
December 27, 2020
in Forex Terms
Reading Time: 1 min read
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Definition – What does Exotic Currency mean?

An exotic currency is a currency that falls outside of the major currencies that make up the bulk of world forex trades. There are many exotic currencies, including:

  • The Brazilian real
  • The Afghanistan Afghani
  • The Omani Rial
  • The Indonesian Rupiah

ForexTerms explains Exotic Currency

Exotic currencies are usually issued by countries with small economies. Some of these nations also have unstable governments and inconsistent statistics for traders to work from. When exotic currencies are traded, they are generally paired with a major currency like the USD.

ⓘ Mira FX is not liable for any damage or loss, including but not limited to, any loss of investment, which may be based either directly orindirectly on the use of or reliance on such information. Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite.

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