Forex The most stable currency in Europe

[FXOchartist]

Knowing the various types of currencies can give forex traders an idea of choosing which currency pairs can be used for forex trading with potential profits and long-term trading comfort.

The following are some of the most stable currencies in Europe. As is known, Europe is the second smallest continent after Australia and there are around 50 countries. Citing from the FXOpen blog, the following are some of the most stable currencies in Europe that you might consider when trading forex.

1. Swiss Franc (CHF), is the official currency of Switzerland and Liechtenstein and is a safe haven for many investors.
2. British Pound (GBP). This United Kingdom currency has a long economic history of political stability and a well-established legal system.
3. Euro, is the European currency used by 20 members, and in forex trading on the Ticktrader FXOpen platform is most often the most traded pair.
4. Swedish Krona (SEK). This is the Swedish currency and is considered to be a safe haven currency because of its political-economic stability and low levels of public debt
5. Norwegian Krone (NOK), is the Norwegian currency which has rich natural resources such as oil, gas, and fisheries, is a primary driver of the currency's strength.
6. Danish Krone (DKK). This is the currency of Denmark, which is a country with a high standard of living, a strong welfare system, and a prosperous economy.

For forex traders, the Euro currency is perhaps the most popular. It is often paired with USD in the EURUSD currency pair, and this is most often the most traded currency pair on the Ticktrader platform and has tight spreads from zero to sometimes even negative spreads.

 

[Ivo Zetticci]

Yes, the currencies you mentioned are stable to some extent compared to other unstable currencies. Presently, major currencies like EUR and USD are suffering inflation. I am trading fiats and synthetic indices with FXOpulence broker with narrow trading spread and other facilities in moderation.