Top 10 Most Traded Currencies in the World
Explore the most powerful and significant currencies that drive the global foreign exchange market.
Global Currency Rankings
| Rank | Currency | Description | Action |
|---|---|---|---|
| #1 |  Australian Dollar AUD | The Australian Dollar is a major 'commodity currency,' meaning its value is often influenced by the prices of Australia's major exports like iron ore and coal. | View Rates |
| #2 |  Canadian Dollar CAD | Similar to the AUD, the Canadian Dollar is also a commodity currency, closely linked to the price of oil, one of Canada's primary exports. | View Rates |
| #3 |  Swiss Franc CHF | The Swiss Franc is another major safe-haven currency, backed by Switzerland's stable political system, low inflation, and strong economy. | View Rates |
| #4 |  Chinese Yuan Renminbi CNY | The Chinese Yuan (Renminbi) has seen its global significance grow with China's economy. It is now part of the IMF's Special Drawing Rights (SDR) basket. | View Rates |
| #5 |  Euro EUR | The official currency of the Eurozone, the Euro is the second-largest reserve currency. Its value is influenced by the economic health of its 20 member countries. | View Rates |
| #6 |  British Pound GBP | The British Pound Sterling, the fourth most traded currency, has a rich history and its value is heavily tied to the UK's economic performance and financial sector. | View Rates |
| #7 |  Hong Kong Dollar HKD | The Hong Kong Dollar is pegged to the US Dollar, meaning its value is maintained in a tight range relative to the USD. | View Rates |
| #8 |  Japanese Yen JPY | The Japanese Yen is the third most traded currency and is often considered a 'safe-haven' asset during times of global economic uncertainty. | View Rates |
| #9 |  New Zealand Dollar NZD | The New Zealand Dollar, often called the 'Kiwi,' is influenced by the country's agricultural exports and its interest rate differential with other countries. | View Rates |
| #10 |  US Dollar USD | The US Dollar is the world's primary reserve currency, involved in over 88% of global forex trades. It's the standard for most international transactions and commodities pricing. | View Rates |
What Makes a Currency 'Top Tier'?
The hierarchy of currencies is determined by a combination of factors, including the size and strength of their home economy, political stability, low inflation, and the volume of trade conducted in that currency. Central banks around the world hold large reserves of these top-tier currencies, further cementing their status.
The Role of the Forex Market
The foreign exchange (forex) market is the largest financial market in the world, with trillions of dollars traded daily. These top currencies are the most liquid, meaning they can be easily bought and sold without causing significant changes in their value. This liquidity makes them attractive to governments, corporations, and investors for international trade and investment.