Monday, August 3, 2009

Forex Trading : Most Traded Currencies

Currencies and Currency Pairs

Most Traded Currencies (Forex symbol)

Euro (EUR)
3. Japanese yen (JPY)
4. Pound sterling (GBP)
5. Swiss franc (CHF)
6. Australian dollar (AUD)
7. Canadian dollar (CAD)
8. Swedish krona (SEK)
9. Hong Kong dollar (HKD)
10. Norwegian krone (NOK)
11. New Zealand dollar (NZD0)
12. Mexican Peso (MEX)

Major Currency Pairs

"Majors" trades account for roughly 90 percent of the volume of Forex trading.

The Majors are:

AUD/USD "Aussie"
EUR/USD "Euro"
GBP/JPY "Geppy"
GBP/USD "Cable"
NZD/USD "Kiwi"
USD/CAD "Loonie"
USD/CHF "Swissy"
USD/JPY "Gopher"

Top Currency Traders (Share of the market before economic shakedown in fall '08)

1. Deutsche Bank 21.70%
2. UBS AG 15.80%
3. Barclays Capital 9.12%
4. Citi 7.49%
5. Royal Bank of Scotland 7.30%
6. JPMorgan 4.19%
7. HSBC 4.10%
8. Goldman Sachs 3.47%
9. Morgan Stanley 2.86%

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