The US dollar, followed by Euro and the Japanese Yen, are the top three most traded currencies of the world.
The foreign exchange market, also known as the forex market, is the largest financial market in the world with an average daily trading volume of $6.6 trillion. This market allows for the exchange of currencies between countries, and as such, some currencies are more frequently traded than others.
Let’s take a closer look at the top ten most traded currencies in the world:
Most Traded Currencies in the World | |||||
| Country | Currency | ISO Code | Symbol | Average Daily Trading Volume (trillions of USD) | Percentage Share (2021) |
| USA | US Dollar | USD | $ | 4.9 | 88.3% |
| Eurozone | Euro | EUR | € | 1.8 | 32.4% |
| Japan | Japanese Yen | JPY | ¥ | 0.9 | 16.6% |
| United Kingdom | British Pound | GBP | £ | 0.7 | 13.0% |
| Australia | Australian Dollar | AUD | A$ | 0.4 | 7.2% |
| Switzerland | Swiss Franc | CHF | Fr | 0.3 | 5.2% |
| Canada | Canadian Dollar | CAD | C$ | 0.3 | 4.6% |
| China | Chinese Yuan | CNY | ¥ | 0.2 | 4.3% |
| Hong Kong | Hong Kong Dollar | HKD | HK$ | 0.1 | 1.9 |
| Sweden | Swedish Krona | SEK | kr | 0.1 | 1.8 |
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