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The most widely used reserve currencies internationally, such as the US dollar, Japanese yen, euro and the British pound, as well as the currency in the regional area, the Australian dollar or the Canadian dollar (commodities), are the currencies that make up the largest share of daily trading.

In terms of currency pairs, the EUR/USD pair has the highest trading volume with about 28 percent of all trades. In second place is the USD/JPY currency pair with about 14 percent and in third place is the GBP/USD currency pair with about 9 percent.

In practice, the major currency pairs are also called "majors". If there is no US dollar included as a part of the currency pair, they are called "crosses".

The exotic currencies (also called exotic currencies or "exotics" for short) are currencies that are traded relatively little and the liquidity available there is very low. Such currencies are sometimes not always sufficiently available for transactions. Such exotic currencies can be convertible (for example, the Mexican peso) or non-convertible (such as the Brazilian real). This also results in a relatively low trading volume for exotic currency pairs.

Such exotic currencies often come from economically and politically unstable developing countries. These include the South African rand (ZAR), the Mexican peso (MXN), the Chinese yuan (CNY), the Indian rupee (INR), the Hong Kong dollar and the Brazilian real (BRL).

Trading in these exotic currencies is also subject to much higher fees.