The Most Traded Currencies And Currency Pairs In 2025

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The most traded currencies:

U.S. Dollar (USD) – the king of Forex.
Euro (EUR) – the global trade powerhouse.
Japanese Yen (JPY) – Asia’s Forex giant.
British Pound (GBP) – the legacy currency.
Australian Dollar (AUD) – the commodity currency.

To really get a grip on what’s moving the markets in 2025, you’ve got to watch the currency pairs where traders are most active — not just the usual suspects like EUR/USD, but also the less obvious ones that are now moving big money. Think AUD/JPY during commodity runs or USD/MXN when inflation data drops. What’s different this year? Central banks are flipping the script faster, and traders — both pro and retail — are jumping between pairs like never before. This isn’t about popularity; it’s about spotting where the market’s reacting in real-time, and that’s what we’re breaking down.

The world’s most traded currencies

The global Forex market is dominated by a handful of major currencies, which drive trading volumes and serve as benchmarks for economic stability. These currencies play a vital role in international trade, investments, and financial transactions. Below are the most actively traded currencies in the world.

1. U.S. Dollar (USD) – The king of Forex

The U.S. dollar is the backbone of Forex, with a massive $7.5 trillion traded daily. Since all major currency pairs include the USD, it dominates more than 85% of Forex trades.

Its rise to power started after World War II, when the U.S. had the strongest economy. At that time, the U.S. produced 15% of global GDP, leading many countries to adopt the dollar for trade. Today, the USD remains the most trusted reserve currency and a safe-haven during crises.

2. Euro (EUR) – The global trade powerhouse

The Euro, introduced in 1999 and widely adopted in 2002, is the second-most traded currency. It replaced former European currencies like the franc, Deutschmark, lira, and peseta.

As the currency of the EU’s powerful trade bloc, it holds 30.5% of global foreign exchange reserves. The Euro has seen wild price swings, dropping below the USD at first, then hitting $1.60 in 2008, and later reaching parity in 2022.

3. Japanese Yen (JPY) – Asia’s Forex giant

Japan’s yen ranks as the third most traded currency, with $1.25 trillion changing hands daily. It also stands as the third-largest reserve currency, making up 4.9% of global holdings.

Introduced in 1871, the yen was originally backed by gold but lost value after World War II. With U.S. support and an export-driven economy, Japan revived the yen into a major trading force. Now, it’s a key currency in Asia, commonly traded against the U.S. dollar and Chinese yuan, and controls 16.7% of the Forex market. It’s also seen as a safe-haven asset, gaining strength when global markets face uncertainty.

4. British Pound (GBP) – The legacy currency

The British pound sterling, the official currency of the United Kingdom and its territories, is the fourth most traded currency in the world. It accounts for nearly $422 billion in daily Forex transactions and holds the fourth-largest share of global reserves at approximately 4.5%.

The pound’s value is highly influenced by economic data, monetary policies from the Bank of England (BoE), and geopolitical events, such as Brexit. Market fluctuations in inflation, GDP growth, and employment levels significantly impact GBP/USD movements, making it one of the most actively monitored Forex pairs.

5. Australian Dollar (AUD) – The commodity currency

The Australian dollar is one of the top five most traded currencies, making up over 6% of global Forex transactions. Introduced in 1966 to replace the Australian pound, the AUD has become the dominant currency in the Oceania region.

Australia’s economy heavily depends on commodities like coal, iron ore, gold, and natural gas. Consequently, the Australian dollar is classified as a commodity currency, with its value often influenced by fluctuations in global resource prices. Changes in Australia’s trade balance and foreign debt levels also play a crucial role in determining the currency’s strength.

6. Canadian Dollar (CAD) – The “Loonie” of North America

The Canadian dollar, known as the "loonie" because of the loon on its one-dollar coin, is the sixth most traded currency in the world. It makes up 6.2% of all Forex transactions and is a reserve currency in parts of Central and South America.

The CAD’s value moves closely with Canada’s economy and its deep trade ties with the U.S. About 85% of Canadian exports go to the U.S., while half of its imports come from its southern neighbor. Since Canada is a major oil and lumber exporter, the value of the Canadian dollar often shifts with commodity prices.

7. Swiss Franc (CHF) – The ultimate safe haven

The Swiss franc, or "Swissie" as traders call it, is one of the world’s most stable currencies and is involved in 3.9% of Forex trades. It’s seen as a safe-haven currency that investors turn to when markets get shaky.

Switzerland’s strong banking system, political neutrality, and history of gold reserves have kept the franc steady over time. The country once required 20% of CHF to be backed by gold, but that ended in 2014. Despite this, the Swiss franc remains a go-to choice for traders during financial downturns.

8. Chinese Renminbi (CNY) – The rising global player

The Chinese renminbi (yuan) is the leading currency in East Asia and is gaining global influence. China has tightly controlled its currency for years, but since 2012, it has allowed partial convertibility under government restrictions.

Though not fully open, the yuan now makes up 7% of global Forex trades and is becoming a reserve currency in parts of Africa. It is mostly traded against the U.S. dollar, showing its growing importance in international markets.

The most traded currency pairs in the world

Currency trading is dominated by a handful of major pairs that drive global Forex markets. These pairs are highly liquid, influenced by economic and political events, and serve as key indicators for financial stability. Below are the six most actively traded currency pairs worldwide.

Top currency pairs traded globally
Currency Pair	Share of Global FX Market	Key Characteristics
EUR/USD	~24%	Most liquid pair; represents two largest reserve currencies; USD remains a safe haven.
USD/JPY	13.5%	Yen is a defensive asset in volatile markets; Japan’s low rates and strong reserves attract investors.
GBP/USD	9.5%	Volatile; affected by UK–US economic ties and events like Brexit; popular among active traders.
AUD/USD	5.1%	AUD is linked to commodity exports; sensitive to global resource demand and price fluctuations.
USD/CAD	5.5%	CAD is influenced by oil prices and strong US-Canada trade ties; oil-dependent currency.
USD/CHF	3.9%	CHF is valued for stability, neutrality, and gold reserves; strengthens during geopolitical crises.

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We at Traders Union have analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we encourage users to perform independent due diligence and consult official regulatory sources before making any financial decisions.

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Key insights for Forex traders

Forex trading isn’t just about charts and news — it’s about understanding the hidden forces that move markets before most traders react. One overlooked factor is interbank liquidity rotation, where major banks adjust their currency holdings in cycles that aren’t visible to retail traders.

These rotations often happen during the London and New York session overlaps, causing sharp but temporary price spikes. Most traders assume these moves are trend reversals, but in reality, they’re often just liquidity adjustments by institutional players offloading or accumulating positions. Instead of reacting emotionally to sudden price swings, seasoned traders track these patterns to anticipate when the real trend will emerge.

Another key insight is that central banks don’t just influence Forex through interest rates — they manipulate market sentiment using forward guidance and policy leaks. Traders often focus on rate hikes and cuts, but central banks also move markets subtly by strategically hinting at future decisions through speeches, interviews, and carefully placed news leaks.

For example, a central banker may mention “persistent inflation concerns” weeks before an official policy meeting, prompting institutional investors to adjust their currency exposure early. Smart traders stay ahead by analyzing central bank language shifts, not just policy decisions, allowing them to position trades before the majority of the market catches on.

Market sessions and liquidity traps shape the most traded currency pairs

Just because a currency pair is popular doesn’t mean it’s always the best to trade — timing is everything. EUR/USD moves completely differently in the London session compared to the New York session. If you trade it during quiet Asian hours, you might run into liquidity traps where small price movements take out stop losses before reversing. Knowing when a pair is most active can help you avoid fake outs and trade when momentum is real.

Central banks don’t just move markets when they change interest rates — their words alone can shift prices weeks in advance. For example, if the Federal Reserve even hints at future rate hikes, USD pairs can start trending long before an actual rate decision. Commodities also impact Forex more than people think — AUD/USD and USD/CAD often react to gold and oil prices faster than economic reports. Traders who learn to connect real-world events with price action can get ahead instead of just following the charts.

Conclusion

In 2025, the top-traded currencies aren’t just a popularity contest — they show where smart money is playing and where attention should be. Traders aren’t just chasing EUR/USD out of habit anymore; they’re digging into deeper shifts like how China’s influence is shaking up Asian pairs or how central bank decisions can flip sentiment on a dime. If you’re serious about staying sharp, it’s not just about tracking volume — it’s about reading between the lines and knowing which stories are really moving the markets.

FAQs

What influences the trading volume of currency pairs?

Several factors affect currency pair trading volume, including interest rate decisions, economic performance, political stability, central bank interventions, overall market sentiment, and seasonal supply and demand fluctuations.

How does a currency pair differ from a cross-currency pair?

A standard currency pair includes the U.S. dollar (USD) traded against another major currency, while a cross-currency pair involves two non-USD currencies being exchanged directly.

Which commodity-backed currencies are highly liquid?

The Australian dollar (AUD), New Zealand dollar (NZD), and Canadian dollar (CAD) are considered highly liquid commodity currencies due to their strong ties to global resource exports.

What are the advantages of trading exotic currency pairs?

Exotic currency pairs typically experience higher volatility, allowing traders to capitalize on larger price swings, wider spreads, and increased profit potential — though they also come with higher risk.

Team that worked on the article

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Commodity Currencies

A commodity currency is a currency whose price strongly correlates to the exporting of resources in the currency’s country, and the commodity’s price.

Investor

An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.

Forex trading scam

A Forex trading scam refers to any fraudulent or deceptive activity in the foreign exchange (Forex) market, where individuals or entities engage in unethical practices to defraud traders or investors.

Forex Trading

Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly. However, beware that trading carries risks, and you can lose your whole capital.

Volatility

Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.