The forex market is the world's largest financial market, accounting for an average of $6.6 trillion worth of trades each day.
It is the most liquid among all the markets in the financial world.

Let’s take a look at the Top 5 Most Traded Currencies:
1. US Dollar (USD)
2. Euro (EUR)
3. Japanese Yen (JPY)
4. Great British Pound (GBP)
5. Australian Dollar (AUD)
❗ FUN FACTS ❗
✅ US Dollar (USD)
➡️ 87% of all currency trades involve the USD
➡️ Global reserve currency - held by central and commercial banks for the purposes of international transactions and investment.
➡️ Many commodities are priced in USD, including gold, oil and copper.
✅ Euro (EUR)
➡️ Used by 19 of the 27 member states of the EU.
➡️ EUR accounts for a daily average volume of upwards of $800 million (BIS).
➡️ Estimated to make up roughly 20% of global reserves by volume (IMF 2018).
✅ Japanese Yen (JPY)
➡️ Daily average volume of $550+ million (BIS), makes up 4.9% of global currency reserves.
➡️ JPY drives the global carry trade. Investors borrow JPY at low-interest rates and re-invest in higher-yielding currencies offshore.
➡️ Known as a safe-haven currency.
✅ British Pound (GBP)
➡️ The Brexit referendum has changed the global currency landscape for good.
➡️ Will need to wait and see what direction GBP trading is going to take over the next decade and beyond.
✅ Australian Dollar (AUD)
➡️ Known primarily as a commodity currency due to Australia being a major exporter of commodities such as coal and iron ore.
➡️ Its value is strongly influenced by commodity prices and the ‘terms of trade’ – the ratio between the prices of its imports and exports
Source: FXSSI