Currency distribution of global foreign exchange market turnover as of April 2011. The foreign exchange market (forex, FX, or currency market) is a form of exchange for the global decentralized trading of international currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies

World's Most Traded Currencies:

1. United States, United States dollar USD ($) - 84.9%

2. European Union, Euro EUR (€) - 39.1%

3. Japan, Japanese yen JPY (¥) - 19.0%

4. United Kingdom, Pound sterling GBP (£) - 12.9%

5. Australia, Australian dollar AUD ($) - 7.6%

6. Switzerland, Swiss franc CHF (Fr) - 6.4%

7. Canada, Canadian dollar - CAD ($) - 5.3%

8. Hong Kong, Hong Kong dollar HKD ($) - 2.4%

9. Sweden, Swedish krona SEK (kr) - 2.2%

10. New Zealand, New Zealand dollar NZD ($) - 1.6%

11. South Korea, South Korean won KRW (₩) - 1.5%

12. Singapore, Singapore dollar SGD ($) - 1.4%

13. Norway, Norwegian krone NOK (kr) - 1.3%

14. Mexico, Mexican peso MXN ($) - 1.3%

15. India, Indian rupee INR (INR) - 0.9%

Top 10 currency traders As of May 2011

1 Germany Deutsche Bank 15.64%

2 United Kingdom Barclays Capital 10.75%

3 Switzerland UBS AG 10.59%

4 United States Citi 8.88%

5 United States JPMorgan 6.43%

6 United Kingdom HSBC 6.26%

7 United Kingdom Royal Bank of Scotland 6.20%

8 Switzerland Credit Suisse 4.80%

9 United States Goldman Sachs 4.13%

10 United States Morgan Stanley 3.64%