Major Currencies In Foreign Exchange

The U.S. Dollar: The United States dollar is undoubtedly the main currency of foreign exchange markets. Generally all the other currencies are quoted in terms of US dollars. It is the major foreign exchange currencies since long. Due to the International Economic and Political Unrest, the US dollar is not only the main currency of foreign exchange markets but the safe-haven currency as well. The Euro: The euro was introduced to become the important currencies in foreign exchange trading just like the American dollar. The Japanese Yen: The Japanese yen is also among the major currencies in foreign exchange. It is ranked as the third most traded currency in forex world. The British Pound: Another main currency of foreign exchange markets, the British pound. It was considered the currency of reference until the end of the Second World War. The pound is among important currencies in foreign exchange trading even today and is most traded currency in forex against the euro and the US dollar. The Swiss Franc: One of the important currencies in foreign exchange trading, the Swiss franc. Despite the fact that the economy of Switzerland is relatively small, its currency franc is the fourth most traded currency in forex trading.