This video is for forex beginners. You might have come across major currency pairs such as EUR/USD, GBP/USD, etc. In this video, you will look at the exotic currency pairs. So, what are exotic currency pairs? Exotic currency represents currency from an emerging economy or a currency from a country representing a small economy.
Some examples are EUR/TRY, USD/MXN, USD/TRY, USD/ZAR, USD/SGR, However, these currency pairs are riskier to trade as they are highly influenced by manipulations, more volatile, less liquid, and wider spreads. They are very sensitive to political and financial developments that take place in emerging economies.