Top 25 most traded currencies in the world

0
49
Free picture (Major currencies) from https://torange.biz/major-currencies-17138
 

Top 25 most traded currencies in the world


Being the largest and most attractive market for traders worldwide, the global foreign exchange market is growing year by year. Large financial institutions and brokers buy and sell an enormous amount of different currencies here (their daily turnover already exceeds $ 5 trillion). And among them, the most actively traded dollar.

RELATED POST:


Why is it? All major commodities on the world market are traded in US dollars. Most international transactions between countries and companies are in dollars. It also remains the dominant reserve currency for central banks and many institutional funds around the world.

Such demand makes the US dollar the leading currency in the foreign exchange market, followed by the euro, the Japanese yen and the pound sterling. These leaders are represented in the most traded forex pairs: EUR / USD, USD / JPY, GBP / USD, AUD / USD, USD / CAD, USD / CHF and their combinations.

The vast majority of commercial activity is concentrated in major financial centers in the United Kingdom, the United States, Singapore, Japan, Hong Kong and Switzerland.


List of the top 25 most traded currencies with their shares of daily turnover

* Note: the total of percentage shares of all currencies is 200%, instead of 100%, since each transaction involves two different currencies.

Rank Currency Share of turnover
(%)*
Average turnover
(Billion US$)
ISO 4217 code Country or territory
1 US dollar 87.62 4 458 USD United States
2 European Euro 31.27 1 591 EUR 19 states of the EU
3 Japanese yen 21.56 1 097 JPY Japan
4 Pound sterling 12.78 650 GBP United Kingdom
5 Australian dollar 6.94 353 AUD Australia
6 Canadian dollar 5.13 261 CAD Canada
7 Swiss franc 4.78 243 CHF Switzerland
8 Chinese Yuan Renminbi 3.97 202 CNY China
9 Swedish krona 2.22 113 SEK Sweden
10 Mexican peso 2.20 112 MXN Mexico
11 New Zealand dollar 2.06 105 NZD New Zealand
12 Singapore dollar 1.79 91 SGD Singapore
13 Hong Kong dollar 1.73 88 HKD Hong Kong (China)
14 Norwegian krone 1.67 85 NOK Norway
15 South Korean won 1.65 84 KRW South Korea
16 Turkish lira 1.40 71 TRY Turkey
17 Indian rupee 1.14 58 INR India
18 Russian ruble 1.14 58 RUB Russia
19 Brazilian real 1.00 51 BRL Brazil
20 South African rand 1.00 51 ZAR South Africa
21 Danish krone 0.83 42 DKK Denmark
22 Polish zloty 0.69 35 PLN Poland
23 New Taiwan dollar 0.63 32 TWD Taiwan
24 Thai baht 0.43 22 THB Thailand
25 Malaysian ringgit 0.41 20 MYR Malaysia

 

RECOMMENDED POST:



√GET  BET9JA VIP GAMES & FREE TIPS TODAY–JOIN OUR BETTING FORUM SECTION HERE


Never Miss An Update; Like Our Facebook Page, Follow Us On Twitter INSTAGRAM Channel. You can also Join Our Forum and ask Any Question Here


 

Leave a Reply