Pocket Option
App for
  • Pocket Option blog
  • 20 New Currencies Added to Pocket Option: Expanding Your Trading Possibilities

20 New Currencies Added to Pocket Option: Expanding Your Trading Possibilities

28 January 2025
3 min to read
Pocket Option Expands with 20 New Global Currencies: What This Means for Your Trading

Pocket Option has just rolled out a significant platform update that brings 20 new currencies to the table. This expansion opens doors to markets across Latin America, Africa, Asia, and the Middle East. Why does this matter to you? Each new currency represents a fresh opportunity to diversify your trading approach and tap into regional market dynamics you couldn't access before.

Latin American Additions

Chilean Peso (CLP)

Chile’s stable economy makes its currency an interesting option for traders looking at copper market correlations and South American economic trends.

Mexican Peso (MXN)

As North America’s second most traded currency, the Mexican Peso offers unique insights into US-Mexico trade relations and commodities markets.

Peruvian Sol (PEN)

Peru’s currency has shown remarkable stability despite political changes, making it a potential safe haven during Latin American market fluctuations.

Asian Currency Options

Singapore Dollar (SGD)

The Singapore Dollar represents one of Asia’s financial hubs and often serves as a barometer for regional economic health.

Israeli Shekel (ILS)*

*Note: This currency is only displayed for traders located in Israel or with corresponding IP addresses.

The Shekel has maintained strength against major currencies, reflecting Israel’s tech-driven economy.

African Market Expansion

The addition of African currencies is particularly significant as these markets often remain untapped by trading platforms:

Currency Country/Region Key Trading Characteristic
Ethiopian Birr (ETB) Ethiopia Tied to one of Africa’s fastest-growing economies
Angolan Kwanza (AOA) Angola Closely linked to oil price movements
Ghanaian Cedi (GHS) Ghana Influenced by gold markets and regional trade
Tanzanian Shilling (TZS) Tanzania Reflects East African economic developments
West African CFA Franc (XOF) 8 West African nations Euro-pegged currency used across multiple markets
Central African CFA Franc (XAF) 6 Central African nations Oil-influenced regional currency
Namibian Dollar (NAD) Namibia Pegged to South African Rand
Mauritian Rupee (MUR) Mauritius Reflects offshore financial center dynamics
Libyan Dinar (LYD) Libya Heavily influenced by oil market changes
Botswana Pula (BWP) Botswana Tied to diamond market performance
Tunisian Dinar (TND) Tunisia Mediterranean trade and tourism influences

 

Caucasus and Central Asian Currencies

The platform now includes these emerging market currencies:

  • Turkmen Manat (TMT) – Closely tied to natural gas exports
  • Georgian Lari (GEL) – Increasingly important in Black Sea regional trade
  • Azerbaijani Manat (AZN) – Oil-linked currency with growing diversification
  • Armenian Dram (AMD) – Reflects developing tech sector and regional dynamics

 

How To Make These New Currencies Work For You

Consider these practical approaches:

  1. Look for correlations between these currencies and commodities (oil with Angolan Kwanza, copper with Chilean Peso)
  2. Track regional economic news that might not make global headlines but affects these currencies
  3. Test smaller positions in these markets to understand their daily volatility patterns
  4. Compare trading hours overlaps to find optimal timing for your strategy

 

Why Currency Diversity Matters

Adding these 20 currencies isn’t just about more options. It’s about giving you tools to:

Reduce portfolio correlation – When major currencies move in sync during global events, these regional currencies often follow different patterns.

Target specific economic trends – Want to trade based on copper prices? Chilean Peso might offer clearer signals than traditional pairs.

Access different volatility profiles – Some of these currencies offer higher volatility and potential returns than established markets.

Getting Started

Ready to explore these new markets? Here’s what to do:

  1. Update your Pocket Option platform to the latest version
  2. Navigate to the currency selection menu
  3. Select one of the new currencies to view current rates
  4. Start with demo trading to understand the behavior of these new markets
  5. Research the economic factors that drive each currency’s movement