Foreign Exchange Market

The foreign exchange market is the largest and most liquid financial market in existence today. According to the Bank for International Settlement, the average daily volume in April 2007 was over US $ 4 trillion.

The most traded currencies, in order of volume, are:

- US dollar

- Euro

- Japanese yen

- Pound sterling

- Swiss franc

- Australian dollar

- Canadian dollar

- Swedish krona

- Hong Kong dollar

- Norwegian krone

- New Zealand dollar

- Mexican peso

The main trading center is London, followed by New York, Tokyo, Hong Kong, and Singapore.

Foreign exchange transactions are done using financial instruments like:

- Spot Trading

- Forward Trading

- Futures Trading

- Currency Options

- Exchange Traded Funds

- Speculation

Click on the link below to learn more of what foreign exchange is all about.

Return from Foreign Exchange Market to Foreign Exchange Center