Exotic pair
Updated 2026-09-20
Definition
A major against the currency of an emerging economy, such as USD/TRY or USD/ZAR.
Why it matters
Much higher spreads, big swings and gap risk: not recommended for beginners.
Practical example
On USD/TRY the spread can be tens of times that of EUR/USD.
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Educational content, not financial advice. Trading involves risk.