20 New Currencies Added to Pocket Option: Expanding Your Trading Possibilities
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.
BearishEdited
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:
Look for correlations between these currencies and commodities (oil with Angolan Kwanza, copper with Chilean Peso)
Track regional economic news that might not make global headlines but affects these currencies
Test smaller positions in these markets to understand their daily volatility patterns
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:
Update your Pocket Option platform to the latest version
Navigate to the currency selection menu
Select one of the new currencies to view current rates
Start with demo trading to understand the behavior of these new markets
Research the economic factors that drive each currency's movement
See more:platformPlatform updates
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