The Hong Kong dollar (HKD) is considered to be an exotic currency in the Forex market. The most important thing you need to know about the HKD is that it is pegged to the U.S. dollar at an exchange-rate band of 7.75 to 7.85 Hong Kong dollars per 1 U.S. dollar (USD).Trade Surplus or a Trade DeficitHong Kong runs a trade surplus of $18.07 billion, giving the country a ranking of 18 out of the 190 ..read more

The Thai baht (THB) is considered to be an exotic currency in the Forex market. Thailand is the world’s twenty-fourth largest economy (CIA.gov).Trade Surplus or a Trade DeficitThailand runs a trade surplus of $12.29 billion, giving the country a ranking of 22 out of the 190 countries tracked by the CIA in The World Factbook.What Does Your Economy Export?Thailand exports textiles, footwear ..read more

The New Zealand dollar (NZD) is considered to be a major cur­rency in the Forex market. It is also one of the “commodity” currencies because of the economy’s dependence on commodity exports.New Zealand is the world’s sixty-second largest economy.Does Your Economy Run a Trade Surplus or a Trade Deficit?New Zealand runs a trade deficit of $4.5 billion, giving the country a ranking of 168 out of the ..read more

The euro (EUR) is the official currency of the countries that make up the euro area, or Eurozone. This is not to be confused with the European Union, which is a much larger group of countries.The Eurozone was created on January 1, 1999, and originally included the following 11 member countries:AustriaBelgiumFinlandFranceGermanyIrelandItalyLuxembourgNetherlandsPortugalSpainAdditional countries ..read more

As we learned when we were looking at the history of the Forex market at the previous articles, the U.S. dollar (USD) is the reserve currency of the world. This gives the United States a tremendous amount of economic and political clout. The fact that the United States also has the largest economy in the world’ is another advantage.With that introduction, let’s jump in and get to know the U.S ..read more

The Indian rupee (INR) is considered to be an exotic currency in the Forex market. India is the world’s fourth largest economy.Trade Surplus or a Trade DeficitIndia runs a trade deficit of $26.91 billion, giving the country a ranking of 181 out of the 190 countries tracked by the CIA in The World Factbook.What Does Your Economy Export?India exports petroleum products, precious stones, machinery ..read more

The Thai baht (THB) is considered to be an exotic currency in the Forex market. Thailand is the world’s twenty-fourth largest economy (CIA.gov).Trade Surplus or a Trade DeficitThailand runs a trade surplus of $12.29 billion, giving the country a ranking of 22 out of the 190 countries tracked by the CIA in The World Factbook.What Does Your Economy Export?Thailand exports textiles, footwear ..read more

The Singapore dollar (SGD) is considered to be an exotic currency in the Forex market.The first thing you need to know about the Singapore dollar is that it is pegged within a tight trading band to an undisclosed basket of currencies. The basket is believed to be made up of currencies from the country’s top trading partners, but nobody knows for sure which ones are included and what the weighting ..read more

The Chinese yuan (CNY) is considered to be an exotic currency in the Forex market.The most important thing you need to know about the Chinese yuan is that it is pegged to a basket of currencies, the most important of which are the U.S. dollar (USD), the euro (EUR), and the Japanese yen (JPY). Before July 21, 2005, the yuan was pegged at 8.11 yuan per U.S. dollar. However, at the time of this ..read more

The Russian ruble (RUB) is considered to be an exotic currency in the Forex market.The Russian Federation is the world’s sixth largest economy.Does Your Economy Run a Trade Surplus or a Trade Deficit?The Russian Federation runs a trade surplus of $68.85 billion, giv­ing the country a ranking of 4 out of the 190 countries tracked by the CIA in The World Factbook.According to the World Trade ..read more