Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the most commonly traded currencies in the FOREX market?

April 26, 2017Commonly currencies forex market Traded

0

Posted

What are the most commonly traded currencies in the FOREX market?

2 Answers

0

Posted

The most often traded or ‘liquid’ currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and the Australian Dollar.

0

Posted

The Dollar is the most traded currency, being on one side of 86.3% of all transactions. The Euro’s share is second at 37%, while that of the Yen is at 16.5%.