TOP 10 CURRENCY

 What are the most traded currencies in the world?

1. US dollar (USD) 44.15%
2. Euro (EUR) 16.14%
3. Japanese yen (JPY) 8.4%
4. Pound sterling (GBP) 6.4%
5. Australian dollar (AUD) 3.38%
6. Canadian dollar (CAD) 2.52%
7. Swiss franc (CHF) 2.48%
8. Chinese renminbi (CNH) 2.16%
9. Hong Kong dollar (HKD) 1.77%
10. New Zealand dollar (NZD) 1.04%

1. US dollar (USD)

Issued by the Federal Reserve (Fed), the US dollar is the official currency of the United States. It is the number one most traded currency globally, accounting for a daily average volume of US$2.9 trillion.

2. Euro (EUR)

The euro is the official currency of the European Union (EU) and the second most traded globally, accounting for a daily average volume of nearly US$1.1 trillion. It is issued by the European Central Bank (ECB).

3. Japanese yen (JPY)

The Japanese yen is the official currency of Japan and the third most traded globally, accounting for a daily average volume of US$554 billion. It is also the third biggest reserve currency – estimated to make up around 4.9% of global currency reserves. It is issued by the Bank of Japan (BoJ).

4. The pound sterling (GBP)

The pound sterling is the official currency of the United Kingdom and its territories, and the fourth most traded globally at a daily average volume of nearly US$422 billion.1 It is also the fourth biggest reserve currency – estimated to account for 4.5% of global reserves by value.

5. Australian dollar (AUD)

The Australian dollar is the official currency of the Commonwealth of Australia and the fifth most traded globally, accounting for a daily average volume of US$223 billion. The currency is the sixth most commonly held reserve currency – estimated to account for 1.8% of global reserves by value. It is issued by the Reserve Bank of Australia (RBA)

6. Canadian dollar (CAD)

The Canadian dollar is the official currency of Canada and the sixth most traded globally, accounting for a daily average volume of US$166 billion. The currency is the fifth most commonly held reserve currency, at 2.02% of global reserves by value. It is issued by the Bank of Canada (BoC).

7. Swiss franc (CHF)

The Swiss franc is the official currency of Switzerland and the seventh most traded globally, accounting for a daily average volume of US$164 billion. It is also the eighth most commonly held reserve currency, at 0.18% of global reserves by value. It is issued by the Swiss National Bank (SNB).

8. Chinese renminbi (CNH)

The Chinese renminbi – sometimes referred to colloquially as the ‘yuan’ – is the official currency of the People’s Republic of China and the eighth most traded globally, accounting for a daily average volume of US$142 billion. Despite being an emerging market currency , it is also the seventh most held reserve currency – estimated to account for 1.23% of global reserves. It is issued by the People’s Bank of China (PBoC).

9. Hong Kong dollar (HKD)

The Hong Kong dollar is the official currency of Hong Kong and the ninth most traded globally, accounting for a daily average volume of US$117 billion. Unlike many of the other currencies on this list, HKD is not a major reserve currency.

10. New Zealand dollar (NZD)

The New Zealand dollar is the official currency of New Zealand and the tenth most traded globally, accounting for a daily average volume of US$68 billion. Like the krona, it is not a major reserve currency. It is issued by the Reserve Bank of New Zealand.

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