Sudden volatility: trading pairs in 2020 vs. 2019

With the sudden spread of COVID-19 across the world, 2020 ushered in a new trend of volatility among the top trading pairs.

Just last year, volatility between major currency pairs was relatively low and businesses with a foreign exposure can be forgiven for putting off any hedging activities due to the smaller-than-normal shifts. With the sudden spread of COVID-19 across the world, 2020 ushered in a new trend of volatility among the top trading pairs. The charts below demonstrate just how much currencies have shifted.

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