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:
