Three Popular Currencies In The World

      15 Comments on Three Popular Currencies In The World

1. The US Dollar

This is the most traded currency in the world. It’s impossible that the USD is found in a pair with other currencies. It works as the intermediary in currency transactions. The USD acts as the unofficial reserve currency held b central bank and institutional investment entity in the globe. Because the currency is accepted over the world, it is supposed to be an informal alternative form of payment.

The USD plays an important role in the foreign exchange rate market. Many other currencies fix or peg their currencies to the value of the USD. Countries change their exchange rates to the USD to keep the exchange rate stable.

2. The Euro

The euro is the second most traded currency in the globe and the world’s second-largest reserve currency. Nations in the European Union use the euro as the main currency. Many countries in Europe peg their currency to the Euro to stabilize their exchange rate.

The euro is prevalent in the foreign exchange market. It can be the most politicized currency traded in the forex market.  Some countries including Italy, Spain, and Portugal which used to have drastic fall in interest rate had to regulate the number of trading volumes for the euro.

 

3. The Japanese Yen

This currency is most traded in Asia. It is a proxy for the underlying power of Japan’s manufacturing-export economy. The yen is popular in forex circles for its role in the carry trade. Japan used to apply a zero interest rate policy for more 20 years. Traders borrowed the yen at no cost and invested in higher currencies. Because of its relationship with most traded currencies, the yen reinforces its value in the foreign exchange rate.

Go to https://autoketing.com/ to read more articles about e-commerce and marketing online! Install apps currency converter, email with love and facebook chat box!

15 thoughts on “Three Popular Currencies In The World

  1. Pingback: How to Get Traffic To Your Website

  2. Pingback: Funny dog and cat animal videos

  3. Pingback: voice marketing

  4. Pingback: 바카라

  5. Pingback: Products you can resell and keep 100% of the profits !

  6. Pingback: opinia

  7. Pingback: vpnmundo stats

  8. Pingback: Sapa Trekking

  9. Pingback: agencia de viajes en managua

  10. Pingback: โล รถ มอ ไซ

  11. Pingback: Istanaimpian2

  12. Pingback: stockx discount code retailmenot

  13. Pingback: 12shio2

  14. Pingback: replica shoes

  15. Pingback: 바카라싸이트

Leave a Reply

Your email address will not be published. Required fields are marked *