fx majorsComing soon
Major and emerging pairs
EUR/USD, USD/JPY, GBP/USD and more, with history and the key drivers of each pair.
You’ll learn how to read a currency quote.
Foreign Exchange
Currencies, and what moves them.
The world’s biggest market, explained. Major currency pairs, the US dollar, interest rate gaps between countries and central bank news, tied together so you can see why exchange rates move.
Major currenciesfx
EUR/USD+0.32%
USD/JPY-0.58%
GBP/USD+0.21%
USD/CHF-0.12%
AUD/USD+0.64%
USD/CAD0.00%
NZD/USD+0.41%
USD/CNH-0.07%
USD/MXN-0.92%
EUR/GBP+0.10%
EUR/JPY-0.26%
US Dollar-0.18%
What we’re building
The currency market, in plain English.
Exchange rates connect every economy. We show the rates, the history and the reasons behind each move.
fx dollarComing soon
US dollar strength
Track the dollar against a basket of major currencies, and what a strong or weak dollar means for stocks, commodities and travel.
You’ll learn why the dollar matters to everything else.
fx ratesComing soon
Interest rate gaps
Compare central bank rates across countries and see how the gap between them has moved currencies.
You’ll learn why money flows toward higher rates.
fx central banksComing soon
Central bank watch
Fed, ECB, Bank of Japan, Bank of England and more: meetings, decisions and how each currency reacted.
You’ll learn how policy decisions move exchange rates.
fx convertComing soon
Converter and history
Convert between currencies and see how today’s rate compares with the past month, year and decade.
You’ll learn how much exchange rates really swing.
fx learnComing soon
FX concepts
Carry trades, purchasing power and safe-haven currencies, explained with real examples.
You’ll learn the ideas professionals use every day.
Can you call the move?
Test your currency instincts.
Read the scenario, make your guess, then tap to see what usually happens and why.
Scenario 01The Fed raises interest rates by more than markets expected.What usually happens to the US dollar?Tap to reveal
The dollar usually strengthens.
Higher US rates mean higher returns on dollar savings and bonds, which pulls money into dollars.
Fed hikes→US yields→Dollar
Scenario 02Global markets panic overnight.Which currencies often get stronger?Tap to reveal
Safe havens like the Japanese yen, Swiss franc and US dollar.
In a scare, investors pull money out of riskier assets and park it where they feel safest.
Fear→Yen and franc→Riskier FX
Scenario 03Oil prices jump 20% in a month.Which currencies tend to benefit?Tap to reveal
Big oil exporters, like the Canadian dollar and Norwegian krone.
Those countries earn more from every barrel they sell abroad, and buyers need their currency to pay.
Oil→Export income→CAD and NOK
Scenario 04China’s economy slows sharply.Which major currency often feels it first?Tap to reveal
The Australian dollar.
China is Australia’s biggest customer for iron ore and other exports, so weaker Chinese demand hits Australia’s income.
China slows→Aussie exports→AUD
Scenario 05Inflation runs hot, but the central bank leaves rates unchanged.What usually happens to that currency?Tap to reveal
It often weakens.
Rising prices with unchanged rates means savers earn less after inflation, so money looks for better returns elsewhere.
Inflation→Real rates→Currency
Scenario 06Europe’s economy grows faster than expected.What usually happens to the euro?Tap to reveal
The euro tends to strengthen.
Stronger growth can mean higher rates ahead and more investment flowing into Europe.
EU growth→Rate outlook→Euro
These are typical reactions, not rules. Real currency moves depend on what markets already expected and on many forces at once.
Currency personalities
Every currency has a character.
Learn what drives each major currency and you’ll understand most of what moves the FX market.
USD
US dollar
The world’s reserve
Used for most global trade and held by central banks everywhere. It often rises when the world gets nervous.
EUR
Euro
The union
Shared by most of the European Union, so it moves with Europe’s growth and the European Central Bank.
JPY
Japanese yen
The safe harbor
Long-running low rates made it a popular currency to borrow in, and it tends to rally when investors get scared.
GBP
British pound
Cable
Nicknamed after the telegraph cable that once carried its price across the Atlantic. Sensitive to UK politics and the Bank of England.
CHF
Swiss franc
The vault
Backed by Switzerland’s stability and strong finances, it is a classic safe haven in a crisis.
AUD
Australian dollar
The Aussie
Tied to commodity prices and to China, Australia’s biggest customer, so it often tracks global growth.
CAD
Canadian dollar
The loonie
Named after the bird on the one-dollar coin. Canada is a major oil exporter, so it often moves with crude.
CNY
Chinese yuan
The managed one
China’s central bank sets a daily reference rate and limits how far the yuan can move around it.