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
|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|
|8||Chinese Yuan Renminbi||3,97||202||CNY||China|
|11||New Zealand Dollar||2.06||105||NZD||New Zealand|
|13||Hong Kong Dollar||1,73||88||HKD||Hong Kong (China)|
|15||South Korean Won||1,65||84||KRW||South Korea|
|17||Indian Rupee||1,14||58||IN R||India|
|20||South African rand||1,00||51||ZAR||South Africa|
|23||New Taiwan dollar||0,63||32||TWD||Taiwan|
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)