In the foreign exchange market, the currency pair with the largest trading volume is USD/EUR, accounting for about 30% of the total trading volume, followed by USD/JPY and USD/GBP, ranking second and third respectively. It is not difficult to find that the three groups of currency pairs with the largest trading volume all contain US dollars, so the US dollar has an absolute dominant position in the foreign exchange market, and the exchange rate fluctuation of the US dollar is also the focus of traders' attention.
In foreign exchange transactions, currency pairs can be divided into straight pairs and cross pairs. A straight bill refers to a currency pair linked to the US dollar, which means that the US dollar in a currency pair is a straight bill. Then it is not difficult to understand that currency pairs without dollars are crossed. In the ranking of foreign exchange currency pair trading volume, the top ten are all direct orders, accounting for more than 80% of the total trading volume of currency pairs. It can be seen that cross-currency pairs are really unpopular with traders.
Among the cross currency pairs, the five most popular currency pairs are euro/yen, euro/pound, euro/Swiss franc, pound/yen and pound/Swiss franc. It can be seen that in addition to the US dollar, traders are still keen to invest in the currencies of developed countries, such as Britain and Japan. Small currencies such as Thai baht are rarely seen in the ranking of foreign exchange currencies in terms of trading volume.