5
Trading emerging markets currencies
Some forex trading platforms now provide access to emerging markets currencies. There is a wide variety of emerging markets currencies available, including Czech koruna (CZK), Polish zloty (PLN), Turkish lira (TRY), Israeli shekel (ISK), South African rand (ZAR) and even the Brazilian real (BRL). A currency will generally be made available to FX traders if there is enough demand and enough liquidity in the underlying interbank market. It also has to be free to trade. Some currencies, notably China’s yuan, are still not freely available and unlikely to be any time soon. China protects its currency jealously, and the yuan’s relative cheapness versus the US dollar has become something of a political hot ...
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