Definition:
Minor currencies are national currencies that are not part of the most traded “major currencies” but still hold regional or global economic importance.
Explanation:
In Forex, minor currencies refer to those that are not as widely traded or liquid as the major ones (USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD), but they still play a significant role in global finance.
They are often from smaller or regionally strong economies and may appear in minor pairs (cross-currency pairs) or exotic pairs when traded against emerging-market currencies.
Minor currencies usually have lower liquidity, wider spreads, and can be more sensitive to local economic or political events than majors.
🌍 Examples of Minor Currencies:
While they don’t dominate daily trading volume like majors, they are still attractive for traders seeking diversification or regional exposure.
Example (Trading):
A trader speculating on European cross-currency movement might trade EUR/SEK or EUR/NOK. These pairs often have wider spreads than EUR/USD but can reflect regional economic trends such as oil prices (important for NOK).
Related Terms:
Major Currencies, Exotic Currencies, Currency Pair, Liquidity, Forex
Category:
Forex / Currency Classification
✅ FastPip Tip:
Trading minor currencies can provide unique opportunities—but beware of wider spreads and less predictable volatility compared to major pairs.
📣 Related Resources from FastPip
Want to explore trading beyond majors?
✅ Follow traders who specialize in minor pairs on our Copy Trading Platform
✅ Use Forex Signals covering EUR/SEK, EUR/NOK, and more
✅ Read insights on regional currencies in our Blog
