The most traded currencies in the world account for US$1.5 trillion changing hands every day.
While nearly everybody has had occasion to change money when they travel abroad, forex traders can be dealing in international currency markets every day. But while this was traditionally a marketplace for big banks and fund managers, it is now becoming increasingly accessible for private investors.
Forex is very liquid, meaning it is easy to buy and sell currencies, and the forex market is open all day. The global foreign exchange market opens in Australia on Monday morning, and closes in New York on Friday evening.
The most traded currencies in the world
You’ll find a list of the world’s most popular currencies below.
We’ve put together a short guide on each currency, designed to offer you an insight into the key factors that influence currency price in each region. You will be able to use these insights to understand the relationships between your chosen currency pairs.
To get access to the most traded currencies in the world, you can either open a Contracts for Difference, or CFD account, or if you live in the UK or Ireland you can open a tax free spread betting account. It is also possible to open a dedicated forex trading account with many banks and brokers which will give you access to a wide range of currencies.
In the United States, where spread betting and Contracts for Difference are not available, you can still open a forex trading account with a specialist forex broker.
If you wish to trade currency pairs but you’re not sure where to begin, check out our forex trading section for some practical advice and tips on how to get started.