Ten Most Traded Currencies with the U.S. Dollar

Key Takeaways

• The Japanese yen took the second place spot, followed by the Canadian dollar. Both currencies saw a large increase in daily transactions from last year.

• Despite being the world’s second largest economy, trading of Chinese yuan remains relatively low. With a daily transaction volume of $10.6 billion, the renminbi ranked #10 on the list. Three of its peers in Asia outranked the Chinese yuan—the Japanese yen (#2), the Hong Kong dollar (#8), and the Singapore dollar (#9).

• Free trade agreements boosted the foreign exchange flows between the USD and the Canadian dollar, Australian dollar, Mexican peso, and Singapore dollar.