Last Updated on: 2nd February 2021, 05:43 am
An exotic currency is a currency that is thinly traded and highly illiquid. The label “exotic” has nothing to do with the location or size of the country or countries where the currency is used.
Exotic currencies can be both convertible, such as the Mexican peso, and non-convertible, such as the Brazilian real.
Some of the most commonly traded exotic currencies are the Mexican peso (MXN), Chinese yuan (CNY), Russian rouble (RUB), Hong Kong dollar (HKD), Singapore dollar (SGD), Turkish lira (TRY), South Korean won (KRW), South African rang (ZAR), Brazilian Real (BRL) and Indian rupee (INR).
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