Top 25 world currencies

Ricky Joseph

10-04-2023 Economy
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Ricky Joseph

The world's major currencies are the most attractive to traders. Large financial institutions and traders buy and sell a huge amount of currencies, but some are more widely used than others.

The US dollar is the most widely used currency in the world and is the primary currency for international trade The Euro is the official currency of the European Union and is used by member states. The Japanese Yen is the official currency of Japan. The British Pound Sterling is the official currency of the United Kingdom. Other major currencies include the Australian Dollar, Canadian Dollar and Swiss Franc. All of these currencies are widely used in international trade and have a significant impact on the global economy.

Why is the dollar the world's leading currency?

The world's primary currency is the U.S. dollar. The U.S. dollar is the world's primary currency for a number of reasons. First, the United States has the largest economy in the world. This means that there are more U.S. dollars in circulation than any other currency. Second, the U.S. dollar is used as a reserve currency by central banks around the world. This means that central bankshave US dollars as a reserve in case they need to intervene in the foreign exchange market. Finally, the US dollar is used in international trade. This means that when countries trade with each other, they often use the US dollar to settle their transactions. As a result, the US dollar plays a very important role in the global economy.

Top 25 world currencies

(billion dollars)

Rank Currency Share of turnover

(%)*

Average turnover ISO code 4217 Country/territories
1 US Dollar 87,62 4,458 (trillion) USD United States
2 European Euro 31.27 1,591 (trillion) EUR 19 EU states
3 Japanese Yen 21,56 1.097 (trillion) JPY Japan
4 Pound Sterling 12,78 650 GBP United Kingdom
5 Australian Dollar 6,94 353 AUD Australia
6 Canadian Dollar 5.13 261 scoundrel Canada
7 Swiss franc 4,78 243 CHF Switzerland
8 Chinese Yuan Renminbi 3,97 202 CNY China
9 Swedish krona 2.22 113 SEK Sweden
10 Mexican Peso 2,20 112 MXN Mexico
11 New Zealand Dollar 2.06 105 NZD New Zealand
12 Singapore Dollar 1,79 91 SGD Singapore
13 Hong Kong Dollar 1,73 88 HKD Hong Kong (China)
14 Norwegian krone 1,67 85 NOK Norway
15 South Korean Won 1,65 84 KRW South Korea
16 Turkish Lira 1,40 71 TRY Peru
17 Indian Rupee 1,14 58 IN R India
18 Russian Ruble 1,14 58 DOWNLOAD Russia
19 Brazilian Real 1,00 51 BRL Brazil
20 South African rand 1,00 51 ZAR South Africa
21 Danish krone 0,83 42 DKK Denmark
22 Polish Zloty 0,69 35 PLN Poland
23 New Taiwan dollar 0,63 32 TWD Taiwan
24 Thai baht 0,43 22 THB Thailand
25 Malaysian Ringgit 0,41 20 MYR Malaysia

What is the importance of the Brazilian currency in the world?

The Brazilian currency, the real, is important in the global marketplace for a variety of reasons. First, Brazil is the ninth largest economy in the world, and its currency reflects this economic weight. Second, the real is used as a regional currency in South America. This means that it not only affects Brazil's economy, but also the economies of its neighbors. Third, the real is one of the most important currencies in theThis high level of trading activity makes it a key player in the global market. Finally, Brazil is a major resource producing country. Its exports of oil, soybeans and other commodities help support global prices and make the real an important currency in the world market. References *The total percentage shares of all currencies is 200%, rather than 100%, since each transaction involves two different currencies.

International Currencies and Currency Codes

International Monetary Fund (IMF)

Central Intelligence Agency (CIA)

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Ricky Joseph is a seeker of knowledge. He firmly believes that through understanding the world around us, we can work to better ourselves and our society as a whole. As such, he has made it his life's mission to learn as much as he can about the world and its inhabitants. Joseph has worked in many different fields, all with the aim of furthering his knowledge. He has been a teacher, a soldier, and a businessman - but his true passion lies in research. He currently works as a research scientist for a major pharmaceutical company, where he is dedicated to finding new treatments for diseases that have long been considered incurable. Through diligence and hard work, Ricky Joseph has become one of the foremost experts on pharmacology and medicinal chemistry in the world. His name is known by scientists everywhere, and his work continues to improve the lives of millions.