Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

The vast majority of retail client accounts lose money when trading CFDs.

You should consider whether you can afford to take the high risk of losing your money.

Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail client accounts lose money when trading CFDs.
Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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Ten Most traded Foreign Currencies in the Forex Market

It is widely agreed that there are ten foreign currencies considered to be traded the most and volatile in the Forex market today. Below is an informative forex handbook that documents these currencies with their estimated volume according to data obtained from the Bank for International Settlements (BIS).

  • US Dollar (USD): The US dollar, which is sometimes called the greenback, is first and foremost in the world of forex trading, as it is easily the most traded currency on the planet. The US Dollar produces a daily average volume of US$2.9 trillion in the Forex Market. Given the dollar dominance, it is today seen as the major currency used to pair others.
    • The most interesting pairs to trade are EUR/USD, GBP/USD and USD/JPY.
  • EURO (EUR): The Euro comes in immediately after dollar. 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.
    • The most interesting pairs to trade are EUR/USD, EUR/JPY and EUR/GBP.
    • Often the pairing of the Euro with the dollar (EURUSD) produces the most traded and volatile pair in the Forex Market today.
  • 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. This pair is renowned for its volatility especially when paired with any of the major currencies such as EUR, USD and GBP.
    • The most interesting pairs to trade are USD/JPY and EUR/JPY
  • Great British Pound (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.
    • The most interesting pairs to trade are GBP/USD and GBP/EUR.
  • 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 most interesting pairs to trade are AUD/USD.
  • 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 most interesting pair to trade is USD/CAD.
  • 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.
    • The most interesting pairs to trade are EUR/CHF and USD/CHF.
  • 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.
    • The most interesting pairs to trade are USD/CNH, CNH/JPY, EUR/CNH and GBP/CNH.
  • 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.
    • The most interesting pairs to trade are USD/HKD and EUR/HKD.
  • 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.
    • The most interesting pairs to trade are NZD/USD, EUR/NZD and NZD/JPY.

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Last Updated: 11/03/2022

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


 

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