When some individuals hear currency converters or change of money, they are confused. When they hear the US dollar get or lose other types of foreign currencies, they don’t realize that foreign currencies are actually truly traded, bought and sold. The currency trading market, which is also called the largest foreign exchange market, is a way for individuals, banks and even other companies to trade currencies to try to get extra profits on their first investment. Currency trading is very unique and very different; 3 markets (Asia, US and Europe) are no less than 1 running every time throughout work days; This makes it 24 hours a day, 5 days per week. They work regularly every week just to make certain currencies to trade. All local and foreign currencies have the opportunity to be traded, therefore, there seems to be a wholesaler trading fully at the currency trading plant. There are 10 currencies in the market that have found themselves as part of the main trading opportunity.
The Swidesh Krona, Norwegian Krone and Hong Kong Dollar
The Swedish Krona has more than 2% of daily transactions in the currency market. Norway Krone is part of the ten foreign currencies that are most traded on the market and plus they belong to around 1.5% of everyday trade. Hong Kong dollars are the same as Swedish Krona 2% of daily transactions.
Swiss Franc, Canadian Dollar and Australian Dollar
Swiss Franc, sitting in place number five more than 6% of everyday trading. The Canadian dollar is number 7. On the market, most of the transaction lists are around 4%. Meanwhile, the Australian dollar has more than 5% plus in number six on the most trading list.
Japanese yen and British pounds
The Japanese yen is in number 3, it is displayed at 20% of daily trade. Meanwhile, the British pound is always compared to the US dollar. They are number # 4 on the list that is most traded on the market, trading at 17% of daily transactions.
US Dollar and Euro
The US dollar is only the strongest and influential currency on the market today. They have around 90% of trading currency conversion every day that occur every day. The US dollar is number 1 the most traded currency; It takes number 5 in ten most dynamic trade in currencies. Therefore, the euro has an extraordinary currency because of the money used for various or different countries. Which includes countries like Germany; It has a bank that ensures maximum trade in the market. Euros can be found in 2 most traded currencies on the market and needed more than 37% of daily trade.