theyounginn890 theyounginn890
  • 07-07-2020
  • Computers and Technology
contestada

What are examples of some Exotic currencies?
A) EURUSD, AUDUSD
B) GBPCHE, EURUSD
C) AUDCHF, NZDJPY
D) MXN, ZAR, HKD

Respuesta :

raphealnwobi
raphealnwobi raphealnwobi
  • 13-07-2020

Answer:

D) MXN, ZAR, HKD

Explanation:

Exotic currencies refer to currency that are used in countries with emerging economies therefore they lack liquidity, are extremely volatile and have very low volumes. The exchange rate of exotic currencies are usually very high because of its lack of liquidity, therefore trading these currencies are expensive. Examples of exotic currencies are South African rand (ZAR), Mexican peso (MXN), Hong Kong dollar (HKD), Chinese yuan (CYN), Turkish lira (TRY) and so on.

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