Q: Why there are only 6 major currencies in Forex?
What make these 6 currencies (U.S $, Euro, Swiss Franc, Yen, AUD and U.K pound)more traded?
And can other countries, like Brazil, have its currency included to the list?
Thanks
Additionally, many of the largest companies e.g (Apple, Google, Unilever, etc) are from these countries and their stocks are traded more than any others so many people need the currencies of the country to but goods and services from them or to buy shares.
And can other countries, like Brazil, have its currency included to the list?
Thanks
A: Best Answer: I'd also add the Chinese Yuan and the Canadian dollar to the list but the reason these currencies are popular is because of the countries they are linked to. The Pound, Dollar (AUD/USD), Euro, Franc and Yen come from the most developed countries which means they have stable economies meaning that their value is steady and not volatile therefore many investors invest in these currencies because they will get a low risk return.
Additionally, many of the largest companies e.g (Apple, Google, Unilever, etc) are from these countries and their stocks are traded more than any others so many people need the currencies of the country to but goods and services from them or to buy shares.
Source Yahoo
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