Let
$W$ be an extended affine Weyl group. We prove that the minimal length elements
$w_{{\mathcal{O}}}$ of any conjugacy class
${\mathcal{O}}$ of
$W$ satisfy some nice properties, generalizing results of Geck and Pfeiffer [On the irreducible characters of Hecke algebras, Adv. Math. 102 (1993), 79–94] on finite Weyl groups. We also study a special class of conjugacy classes, the straight conjugacy classes. These conjugacy classes are in a natural bijection with the Frobenius-twisted conjugacy classes of some
$p$-adic group and satisfy additional interesting properties. Furthermore, we discuss some applications to the affine Hecke algebra
$H$. We prove that
$T_{w_{{\mathcal{O}}}}$, where
${\mathcal{O}}$ ranges over all the conjugacy classes of
$W$, forms a basis of the cocenter
$H/[H,H]$. We also introduce the class polynomials, which play a crucial role in the study of affine Deligne–Lusztig varieties He [Geometric and cohomological properties of affine Deligne–Lusztig varieties, Ann. of Math. (2) 179 (2014), 367–404].