Exotic Currency

Definition - What does Exotic Currency mean?

An exotic currency is a currency that falls outside of the major currencies that make up the bulk of world forex trades. There are many exotic currencies, including:

  • The Brazilian real
  • The Afghanistan Afghani
  • The Omani Rial
  • The Indonesian Rupiah

ForexDictionary explains Exotic Currency

Exotic currencies are usually issued by countries with small economies. Some of these nations also have unstable governments and inconsistent statistics for traders to work from. When exotic currencies are traded, they are generally paired with a major currency like the USD.

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