Mon - Fri : 09:00 - 17:00 AEST, Sydney
FXIQ Currencies
THE UNITED STATES OF AMERICA DOLLAR (USD). The Almighty Dollar. The reserve currency of the World and nicknamed the Greenback. Not going anywhere regardless of how high the rhetoric from critics grows.
THE EURO (EURO). Currency of the Eurozone and shared by 19 of the 28 European Union Member States. Daily used by over 330 million Europeans and second largest reserve currency and second most traded currency in the world after the USD.
THE BRITISH POUND STERLING (GBP). Oldest currency still in use. Fourth most traded currency in the foreign exchange markets and nicknamed the ‘quid’. The third most held currency on global currency reserves.
THE JAPANESE YEN (JPY). Third most traded currency globally. Also called the Yen. Yen means ‘a round object’. Floated in 1973 with other major currencies. The Bank of Japan Asset Purchase Program started in 2013 and is estimated to almost double the currency supply.
THE AUSTRALIAN DOLLAR (AUD). Fifth most traded currency in the world, despite the smaller size of the country in relation to global GDP. Considered stable economically and mostly free from government and central bank intervention. Considered a diversification against other four majors due to proximity to Asia Region.
THE CANADIAN DOLLAR (CAD). Fifth most held currency in reserve globally. Favoured by central banks due to strong sovereign positioning and economics soundness. Nicknamed the Loonie thanks to a loon (bird species) on their coins.
THE NEW ZEALAND DOLLAR (NZD). Contribute significantly to daily traded foreign exchange markets, far in excess of its population and global GDP. Vulnerable to inflation as one of the longest fiat currencies.
RENMINBI (Chinese Yuan). The renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. Because of the rapid internationalisation of the renminbi, it has become the world’s 8th most traded currency.
*The Fund does not trade CNY.
Other Floating Currencies. There are 66 floating currencies globally including the Majors. Not all countries with floated currencies are listed here. Many of these floating currencies are not traded in a measurable scale. They do range in potential and value starting with some that are likely to cease to be traded entirely and others that in time, could become major currencies traded daily.
The Fund does not trade any of the below currencies:

Chile, Ghana, Russia, Peru, Czech, Georgia, South Africa, Israel, Brazil, South Korea, Papua New Guinea, India, Serbia, Philippines



CLICK HERE to learn more about the Fund.