Select or search for currency pairs to view real-time prices, charts and more.
- Most popular
Find your next forex trade
Get The Week Ahead, our free rundown of the coming week's market-moving events and forex pairs to watch, delivered to your inbox every Sunday.
Latest FX news
Try out an FX trade
Open a free, no-risk demo account to practise trading on our full range of forex markets.
View live prices on fast, customisable charts
Try out trades without risking your capital
Get used to our powerful, easy-to-use platform
UK's No.1 retail FX provider* | Forex DMA service | EUR/USD from 0.6 points
How can I trade FX with IG?
You can trade forex with IG in two ways – by spread betting on the direction of your pair’s price, or by opening a contract for difference (CFD) position. Find out which would better suit your forex trading goals.
How do I read an exchange rate?
Forex markets are always quoted in pairs – EUR/USD, for example – because you’ll always be trading one currency for another. The exchange rate is how much one unit of the first (‘base’) currency costs in the second (‘quote’) currency
Say the EUR/USD exchange rate is quoted as 1.1700. This means that it would cost 1.17 dollars to buy a single euro.
What are pips?
Pips are a forex-specific synonym for basis points or ‘points’, the smallest amounts by which a market price can change. For major currencies a pip is a standardised unit of 1/100th of 1%, or 0.0001, except for pairs including the Japanese yen. For these pairs, a pip is equal to 0.01.
At IG, we tend to use the term ‘points’, but you may see ‘pips’ used interchangeably by other brokers.
What are major currency pairs?
Major currency pairs are those that trade in the highest volume on a daily basis. These pairs are incredibly liquid and trade 24 hours a day, usually with very narrow spreads. Some examples include EUR/USD, USD/JPY, GBP/USD and USD/CHF.
What are minor currency pairs?
What constitutes a minor currency pair can vary depending on where you look. Some brokers stipulate that a minor pair can’t include the US dollar, for example, and as such refer to them as ‘crosses’.
More generally, a minor pair is any currency pair that’s traded less frequently than the majors, even if one or both constituent pairs also appear in a major currency pair. Some of the more popular include CHF/JPY, GBP/CAD and EUR/SGD.
What are exotic currency pairs?
Exotic currency pairs, or ‘exotics’ for short, are made up of one major currency along with another from a small or emerging economy. Examples include GBP/MXN (sterling and the Mexican peso) or USD/PLN (the US dollar and the Polish zloty).
You might be interested in…
Find out why we're the UK's No.1 forex provider, and how we can benefit your trading.*
Discover our powerful charts, with an option to suit every skill level.
Become a better forex trader with the free, interactive courses on IG Academy.
* By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2019).