Top 25 most traded currencies

Being the largest and most attractive for traders worldwide the global foreign exchange market is growing year by year. Large financial institutions and dealers are buying and selling here a huge amount of different currencies (its daily turnover already exceeds $5 trillion). And among them, the most actively traded is the US dollar.

Why is it so? All the important commodities in the global market are traded in US$. Most of the international transactions between countries and companies are conducted in dollars. It also remains the dominant reserve currency for central banks and many institutional funds worldwide.

Such a high demand makes the US dollar the number one among currencies in the forex market, followed by the Euro, Japanese yen and Pound sterling. These leaders are represented in the most traded pairs in the forex: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF, and their combinations.

The vast majority of trading activity is concentrated in the large financial centers located 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
Rank Currency Share of turnover (%)* ISO 4217 code Country or territory Currency in circulation
(Billion US$)
1US dollar87.0USDUnited States2 807
2European Euro33.4EUR19 states of the EU6 736
3Japanese yen23.0JPYJapan4 896
4Pound sterling11.8GBPUnited Kingdom107
5Australian dollar8.6AUDAustralia227
6Swiss franc5.2CHFSwitzerland514
7Canadian dollar4.6CADCanada630
8Mexican peso2.5MXNMexico196
9Chinese Yuan Renminbi2.2CNYChina5 667
10New Zealand dollar 2.0NZDNew Zealand33
11Swedish krona1.8SEKSweden259
12Russian ruble1.6RUBRussia159
13Hong Kong dollar1.4HKDHong Kong220
14Norwegian krone1.4NOKNorway121
15Singapore dollar1.4SGDSingapore127
16Turkish lira1.3TRYTurkey111
17South Korean won1.2KRWSouth Korea556
18South African rand1.1ZARSouth Africa108
19Brazilian real1.1BRLBrazil132
20Indian rupee1.0INRIndia345
21Danish krone0.8DKKDenmark155
22Polish zloty0.7PLNPoland173
23New Taiwan dollar0.5TWDTaiwan451
24Hungarian forint0.4HUFHungary41
25Malaysian ringgit0.4MYRMalaysia99

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