The most volatile major currency pairs are: AUD/JPY (Australian Dollar/Japanese Yen) NZD/JPY (New Zealand Dollar/Japanese Yen) AUD/USD (Australian Dollar/US Dollar). And AUD/USD turned out to be the least volatile currency pair.

CAD/CHF, EUR/CHF, AUD/CHF, and CHF/JPY are the less volatile Forex pairs among the cross rates.

The foreign exchange (forex) market is known for its volatility, with certain currency pairs exhibiting more significant fluctuations than others. Among the most volatile forex pairs are those involving currencies from economies with unstable political climates, economic uncertainty, or high inflation rates. The USD/ZAR (US Dollar/South African Rand) pair often experiences substantial volatility due to South Africa's economic and political challenges. Similarly, the GBP/ZAR (British Pound/South African Rand) can be volatile due to both the British pound's sensitivity to Brexit developments and South Africa's economic factors. Another volatile pair is the USD/TRY (US Dollar/Turkish Lira), influenced by Turkey's geopolitical tensions and inflation issues. Additionally, the USD/BRL (US Dollar/Brazilian Real) may see considerable fluctuations, driven by Brazil's economic policies and commodity prices. Traders often monitor these pairs closely, capitalizing on their volatility for potential profit opportunities, but they also entail higher risk due to their erratic movements and rapid changes in market sentiment.