The most moving currencies in the currency exchange market
The currency trading market or the forex market is one of the current largest, if not the largest, markets already, which accepts a large number of individuals to trade through it, as it is the first financial market in the world, and different people all over the world participate in it every day, and in this article on Our trading platform We will talk about the most moving currencies in the currency trading market
The most moving currencies in the currency market
1. United States dollar (USD)
The US dollar is the official currency of the United States, and it is the number one currency most moving in the world, with an average daily volume of 2.9 trillion US dollars, and there are several reasons for its popularity, as the United States is the largest economy in the world and a strong engine In international trade, the US dollar is the main reserve currency in the world, which is maintained by central and commercial banks for the purposes of international transactions and investment, as well as many commodities are priced in dollars, including gold, oil and copper.
2. Euro (EUR)
The euro is the official currency of the European Union (EU) and the second most moving currency in the world, as the average daily turnover represents approximately 1.1 trillion US dollars. The popularity of the euro is primarily due to the size and economic influence of the region in which it is used, and the value of the euro is severely affected. Political and economic developments within the bloc.
3. Japanese Yen (JPY)
The Japanese yen is the official currency of Japan and the third most moving in the world, as the average daily volume represents 554 billion US dollars, and it is also the third largest reserve currency, as it is estimated that it constitutes about 4.9% of global currency reserves, and the value of the yen depends heavily The strength of the Japanese economy, particularly the manufacturing sector, is responsible for major exports including automobiles, electronics, machine tools, ships and textiles.
4. The British Pound (GBP)
The British Pound is the official currency of the United Kingdom and its territories, and the fourth most moving currency in the world with an average daily volume of approximately 422 billion US dollars, and it is the fourth largest reserve currency, as it is estimated that it represents 4.5% of the total global currency, and the value of the pound depends Largely on the UK’s economic performance, with Bank of England (BoE) inflation and monetary policy data and GDP and employment reports likely to have an impact.
5. Australian Dollar (AUD)
The Australian dollar is the official currency of the Australian Commonwealth and the fifth most moving in the world, as the average daily volume represents 223 billion US dollars, and that currency is the sixth common reserve currency, as it is estimated that it represents 1.8% of the global currency reserves, and the value is affected The Australian dollar is strongly affected by commodity prices and terms of trade, and the value of the currency also depends on the size of the country’s foreign liabilities, with the increased likelihood that here it will lead to a depreciation of the Australian dollar against the currencies of the main trading partners.
6. Canadian Dollar (CAD)
The Canadian dollar is the official currency of Canada and the sixth most moving in the world, as the average daily turnover represents 166 billion US dollars, and the currency is the fifth common reserve currency with 2.02% of global reserves by value. Canada is rich in natural resources and a source. Majority for commodities, which means that their prices can be a decisive factor in determining the value of the Canadian dollar, the currency is more likely to appreciate if commodity prices rise and fall in value if they decline.
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