Foreign Exchange Trade

Click here for the full report, published by BIS (Bank for International Settlements) in April 2016.

Click here for a list of currency abbreviations for their 161 official currencies.

Foreign Exchange trading had increased from an average of $US 1 trillion daily in 2001 to $US 5 trillion daily by 2013. The vast majority of global FX trading in 2016 occurred via sales desks in five jurisdictions: the United Kingdom - London (37%), the United States - New York (19%), Singapore (7%), Japan - Tokyo (7%) and Hong Kong SAR Special Administrative Region (7%).

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Most traded currencies by value
Currency distribution of global foreign exchange market turnover
Rank ▲▼ Currency Abbrev. % daily share
1 United States dollar USD ($) 88%
2 Euro EUR () 31%
3 Japanese yen JPY () 22%
4 Pound sterling GBP () 13%
5 Australian dollar AUD ($) 7%
6 Canadian dollar CAD ($) 5%
7 Swiss franc CHF (Fr) 5%
8 Chinese yuan CNY () 4%
9 Swedish krona SEK (kr) 2%
10 New Zealand dollar NZD ($) 2%
11 Mexican peso MXN ($) 2%
12 Singapore dollar SGD ($) 2%
13 Hong Kong dollar HKD ($) 2%
14 Norwegian krone NOK 2%
15 Korean won KRW 2%
16 Turkish lira TRY (Turkish lira) 1%
17 Russian ruble RUB (₽) 1%
18 Indian rupee INR 1%
19 Brazilian real BRL 1%
20 South African rand ZAR 1%
21 Danish krone DKK 1%
22 Polish zloty PLN 1%
23 New Taiwan dollar TWD 1%
24 Thai baht THB 0.4%
25 Malaysian ringgit MYR 0.4%
26 Hungarian forint HUF 0.3%
27 Saudi riyal SAR 0.3%
28 Czech koruna CZK 0.3%
29 Israeli new shekel ILS 0.3%
30 Chilean peso CLP 0.2%
31 Indonesian rupiah IDR 0.2%
32 Colombian peso COP 0.2%
33 Philippine peso PHP 0.1%
34 Romanian leu RON 0.1%
35 Peruvian sol PEN 0.1%
36 Other OTH 2%
37 xxx Total xxx 200%

 

The following table comes from http://www.bloomberg.com /news/2014-05-08/deutsche-bank-currency-crown-lost-to-citigroup-on-volatility-1-.html

 
Top 10 currency traders % of overall volume, May 2014
Rank Name Market share
1

United StatesCiti

16.04%

2

GermanyDeutsche Bank

15.67%

3

United KingdomBarclays Investment Bank

10.91%

4

SwitzerlandUBS AG

10.88%

5

United KingdomHSBC

7.12%

6

United StatesJPMorgan

5.55%

7

United StatesBank of America Merrill Lynch

4.38%

8

United KingdomRoyal Bank of Scotland

3.25%

9

FranceBNP Paribas

3.10%

10

United StatesGoldman Sachs

2.53%

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