Most Traded Currency Pairs

most Traded Currency pairs

Traded currencies come in pairs. To trade a currency, one obviously needs another currency to trade with. Consequently, the currencies being traded are placed together and are called a pair of traded currencies. For example GBPUSD – British pound with the American dollar. There are many currencies traded all over the world, but there are a few that dominate the financial markets. It is important to know which are traded most, as has already been mentioned, currencies have a habit of moving too far and this takes place due to the large number of people trading them. To earn money, it is important that the the currency can move. According to BIS (p.7), the most traded currency pairs in April, 2007 were:

most traded Currencies