The foreign exchange market is the largest and most liquid market in the world, with more than $7 trillion changing hands every day. Prices on the majors are driven by interest-rate expectations, inflation prints and central-bank guidance from the Fed, ECB, BoE and BoJ. Below are live rates for the most actively traded pairs, with intraday change and trend.
The Trend column shows an indicative trend line that updates as live prices stream in. It is not a chart of real intraday price history.
Currency pairs quote how much of the quote currency is needed to buy one unit of the base currency. The "majors" — pairs that include the US dollar against another leading currency — account for the bulk of daily turnover and typically carry the tightest spreads. Stay ahead of the moves with our economic calendar and the latest market news, and explore other asset classes such as world indices and commodities. Before you place a trade, work out your trade with our position size calculator and check what a pip is worth with our pip value calculator, then track every position in your forex trading journal.
The "majors" are pairs that include the US dollar against another leading currency, such as EUR/USD, GBP/USD and USD/JPY. As the most actively traded pairs they carry the deepest liquidity and typically the tightest spreads. In any pair the price shows how much of the quote currency is needed to buy one unit of the base currency.
The foreign exchange market trades roughly 24 hours a day, five days a week, opening with the Asian session and rolling through the European and North American sessions before the weekend. Because it is decentralised, as one regional session winds down another opens, keeping prices live around the clock on weekdays. Activity and volatility tend to be highest when the London and New York sessions overlap.
EUR/USD, the euro against the US dollar, is consistently the most traded pair and accounts for the largest share of daily turnover. Its high liquidity is a key reason the majors generally see the tightest spreads. You can see live rates for EUR/USD and the other majors in the table above.
Prices on the majors are driven largely by interest-rate expectations, inflation data and central-bank guidance from the likes of the Fed, ECB, BoE and BoJ. Economic releases, growth differentials and shifts in risk sentiment all feed into how one currency is valued against another. You can track upcoming releases on our economic calendar and follow developments through our market news.
A pip is the smallest standard unit of price movement in a currency pair, usually the fourth decimal place (or the second decimal for JPY pairs). It is the common way traders measure how far a rate has moved. To estimate what a move is worth in your account currency, see our pip value calculator.
The foreign exchange market is the largest and most liquid market in the world, with more than $7 trillion changing hands every day. That scale is a key reason the major pairs are so liquid and their spreads typically so tight. The figure is shown for context, not as a forecast of price movements.
