The ten most traded currencies in the world, ranked by their share of daily foreign exchange turnover according to the BIS Triennial Central Bank Survey.
The US Dollar (USD) is the world's most traded currency, on one side of 89.2% of all foreign exchange trades in April 2025. The Euro (EUR) is second at 28.9% and the Japanese Yen (JPY) third at 16.8%. The ranking uses each currency's share of average daily global FX turnover from the BIS Triennial Central Bank Survey; shares sum to 200%.
The foreign exchange market is the world's largest financial market, with average daily turnover of $9.6 trillion in April 2025, according to the Bank for International Settlements (BIS) Triennial Central Bank Survey. This list ranks the ten most traded currencies by their share of global FX turnover, meaning the percentage of all trades that involve that currency on one side. Because every FX trade involves two currencies, the shares sum to 200%. The US dollar is on one side of almost nine in every ten trades. Between the 2022 and 2025 surveys the renminbi, Swiss franc and Hong Kong dollar gained share, while the euro and sterling lost share.
The US dollar is on one side of 89.2% of all FX trades in April 2025, up from 88.4% in 2022. It is the world's main reserve and settlement currency.
The euro is the second most traded currency at 28.9% of turnover, down from 30.6% in 2022.
The yen's share was 16.8%, almost unchanged from 16.7% in 2022. It is the most traded Asian currency.
Sterling's share fell to 10.2% from 12.9% in 2022, a drop of 2.7 percentage points and the largest decline of any currency in the survey.
The renminbi rose to 8.5% from 7.0% in 2022, a gain of 1.5 percentage points and the largest increase of any currency in the survey.
The Swiss franc rose to 6.4% from 5.2% in 2022, moving ahead of the Australian dollar into sixth place.
The Australian dollar accounted for 6.1% of turnover, down from 6.4% in 2022.
The Canadian dollar accounted for 5.8% of turnover, down from 6.2% in 2022.
The Hong Kong dollar rose to 3.8% from 2.6% in 2022. Hong Kong SAR was the fourth-largest FX trading centre in April 2025, with 7.0% of global turnover, behind the United Kingdom, the United States and Singapore.
The Singapore dollar held a 2.4% share, the same as in 2022. Singapore itself is the third-largest FX trading centre, with 11.8% of global turnover in April 2025.
| # | Name | ISO code | Country | 2022 share | Change vs 2022 | Central bank |
|---|---|---|---|---|---|---|
| 1 | US Dollar (USD) | USD | United States | 88.4% | +0.8 pp | Federal Reserve |
| 2 | Euro (EUR) | EUR | Euro area | 30.6% | -1.7 pp | European Central Bank |
| 3 | Japanese Yen (JPY) | JPY | Japan | 16.7% | +0.1 pp | Bank of Japan |
| 4 | Sterling (GBP) | GBP | United Kingdom | 12.9% | -2.7 pp | Bank of England |
| 5 | Chinese Renminbi (CNY) | CNY | China | 7.0% | +1.5 pp | People's Bank of China |
| 6 | Swiss Franc (CHF) | CHF | Switzerland | 5.2% | +1.2 pp | Swiss National Bank |
| 7 | Australian Dollar (AUD) | AUD | Australia | 6.4% | -0.3 pp | Reserve Bank of Australia |
| 8 | Canadian Dollar (CAD) | CAD | Canada | 6.2% | -0.4 pp | Bank of Canada |
| 9 | Hong Kong Dollar (HKD) | HKD | Hong Kong SAR | 2.6% | +1.2 pp | Hong Kong Monetary Authority |
| 10 | Singapore Dollar (SGD) | SGD | Singapore | 2.4% | 0.0 pp | Monetary Authority of Singapore |
Currencies are ranked by their share of average daily global OTC foreign exchange turnover in April 2025, on a net-net basis (adjusted for local and cross-border inter-dealer double-counting), as published by the BIS in its Triennial Central Bank Survey preliminary results on 30 September 2025 (currency distribution table). One edition only: 2022 shares shown for comparison come from the same table. Shares sum to 200% because each trade involves two currencies. The top ten are shown; the next currency, the Indian rupee, had 1.9%.
Each foreign exchange trade involves two currencies, so the BIS counts each currency on both sides of the trade and the shares total 200%. The US dollar's 89.2% share means it was on one side of 89.2% of all trades.
Every three years. The most recent survey covered April 2025, with preliminary results published on 30 September 2025. The next is due to cover April 2028.
Global OTC FX turnover averaged $9.6 trillion per day in April 2025, up from $7.5 trillion in April 2022.
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