Based on the Bank of International Settlements’s 2022 “OTS foreign exchange turnover,” here are the five most traded currency pairs in the world.
USD/EUR
Making up 22.7% of the forex market share, the US dollar (USD) and euro currency pair is the most-traded in the world.
USD/JPY
Sensitive to political sentiments between the US and the Far East, the USD and Japanese yen currency pair, comprising 13.5% of the market share, is the second-most traded in the world.
USD/GBP
Making up 9.5% of the forex market share, the USD and pound sterling pair is the third-most traded currency pairs in the world.
USD/CNY
Making up 6.6% of the total forex market share, the USD and Chinese yuan currency pair is the fourth-most traded. The volatile relationship between the US and China presents speculative trading opportunities.
USD/CAD
Representing 5.5% of the total forex market, the USD and Canadian dollar currency pair is the fifth-most traded.
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