Today on Forex the most significant amount of bidding gets 5 main currencies: US dollar, euro, Swiss franc, British pounds, Japanese yen.
US dollar is a leading currency. The dollar captured such leadership immediately after the Second World War and is not going to give it to. Most experts warned that the immense impact of US markets could subsequently be a factor in the financial crisis, which turned out. But, nevertheless, 50% of foreign exchange operations on Forex take place using the dollar. The popularity of this currency was provoked by the fact that it became difficult to determine its real value, therefore, for a competent assessment, the exchange rate of American dollar averaged for other currencies is applied to other currencies.
Japanese yen defeated a rather long way to popularity as a world currency. Its course was strengthened by her little, starting from the post -war period until 1995, and after that there was a depreciation of this monetary unit. And although Ian is significantly inferior to the US dollar as a means of international payments and the reserve currency, its authority on Forex is high.
The British pound sterling occupied a leading place before the First World War, but after the war he began to gradually lose his position, and after the Second World War gave up the leadership of the US dollar. The reason for this was the weakened post -war economy of Britain. Although the British pound accounts for about 50% of operations at the English session of Forex, and in other regional pounds, pounds appear in 14% of operations.
Swiss franc is used less often than other world currencies. As a rule, this monetary unit is used as a currency-refuge in the Forex market. With the emergence of the euro, the fluctuations in Frank Course decreased, because as the Bank of Switzerland coordinates actions with the European Bank, avoiding significant discrepancies in the monetary policy of the European Union and the country.
Euro – the emergence of the euro became the result of the work of the Eurozone countries, and Italy, Germany, and France worked especially vigorously in this direction. In 1999, 11 countries of Europe received their common monetary unit. The euro immediately began to fight the American dollar for leadership. Today this struggle is taking place with varying success, but the main currency is still the dollar.
With the participation of the above world currencies, more than 80 percent of all transactions pass, the popularity of tools depends on which of the trading sessions the work of traders takes place. Japanese yen clearly leads at the Asian session, operations in the euro occupy the first place at the European currency session, and the dollar holds the palm of the championship at American trading floors.