Forex Basics
Topic outline
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The exotics are another group of currency pairs in the foreign exchange market. They combine a currency of an emerging economy.
For example:
Euro to Singapore Dollar -- EUR/SGD
US Dollar to Turkish Lira -- USD/TRY
US Dollar to South African Rand -- USD/ZAR
Euro to Polish Zloty -- EUR/POL
Euro to Hungarian Forint -- EUR/HUFThe exotic currency pairs are less liquid, more volatile, and less traded. For these reasons, they are more expensive, riskier to trade, and more vulnerable to wild price fluctuations