The 3 most traded currencies
A few weeks ago, we talked about the most valuable currencies in the world, this week we are going to talk about which ones are the most traded (exchanged). In this case we are going to talk about the top 3. And I hope you get surprised.
The US Dollar
I am sure most of you already guessed that the dollar was the most traded currency in the world, but did you know that 2,9 billions, that’s right billions, of dollars are traded daily? The reason for that is the dollar is not just because is the currency in the United States of America it is also because the dollar is the preferred currency for the federal reserves in many countries. This means that many countries operate daily with US dollars. That is why at Eurochange we have excellent exchange rates from dollar to euro and from euro to dollar, just to make your life easier and have our clients happy.
The Euro
Some of you probably were thinking that the British pound would be #2, but in this case the European currency takes the silver. While there are 2,9 billions of dollars being traded daily, there are 1,1 billions of euros. Probably some of those are just dollars to euros or euros to dollars, but the thing its that those two currencies are directly related. The fact that most European countries have the euro as their currency makes the euro to be the 2nd currency to cover federal reserves around the world, mostly in Europe of course. At Eurochange we have the euro as our main currency, which means that we can exchange any of your currencies into euros, and if you want to buy currencies, the euro is the currency you need to pay with.
The Yen
And you though the pound for sure would be third, well, is not. The Japanese yen takes the bronze. 554 millions daily being traded around the world. Japan is a strong manufacturer which makes them an exporting country. And why does that matter? It matters because Japan it is also a really cultural country and really attached to their traditions. The Yen is their currency and, even they trade with other currencies, the Yen still being really their currency of choice. That is why if you are travelling to Japan make sure you have some Yen and, yes you know it, at Eurochange we can exchange your yen into euro or euros into yen with some amazing prices, but make sure you make your reservation, since it is a really popular currency. And, in my personal opinion, some of the most beautiful notes out there.
Coming soon
We will be talking about other currencies soon, but I though it would be nice to leave you wanting some more. For those of you that are waiting to see where the British pound is ranked, I can only tell you one thing… at Eurochange, doesn’t matter where the pound is ranked you will still be able to exchange your pounds to euros. And if you want to travel to the UK, you can also exchange your euros to pounds. I don’t need to tell you, but I will, you will find amazing exchange rates at our locations, and of course, the best customer service out there.
