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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.

2020 brought sudden volatility
2020 brought sudden volatility
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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