---
title: What is an Exotic Currency?
description: A currency which is thinly/rarely traded. Trading volume for exotic currencies is usually low and trading them is typically quite expensive as the spreads are often high.
url: "https://ms.wmmarkets.com/knowledge-base/trading/what-is-an-exotic-currency/"
updated: "2024-10-09"
category: Trading
---

# What is an Exotic Currency?

A currency which is thinly/rarely traded. Trading volume for exotic currencies is usually low and trading them is typically quite expensive as the spreads are often high.