Why the US dollar is the world Currency
MAJOR CURRENCY PAIRS, ALL AGAINST US DOLLARS The seven most actively traded currency pairs in the forex market today, also known as major ones, all trade against the US dollar. This includes the following pairs, ranked by trading volume: • EU euro against US dollar: EUR/USD • US dollar against the Japanese yen: USD/JPY • British pound sterling against the US dollar: GBP/USD • US dollars against Swiss francs: USD/CHF • Australian dollar against the US dollar: AUD/USD • US dollar against the Canadian dollar: USD/CAD • New Zealand dollar against the US dollar: NZD/USD As mentioned above, in its role as the world's largest reserve currency, the US dollar was the most traded currency in the past. The dollar is still important as more than 86% of all currency transactions are still pegged to the currency. Some major currency pairs and almost all minor currency pairs are listed with the US dollar as the base currency Why the US dollar is the world Currency A global cur...