Forex Market Statistics

The Forex Market General Statistics 

FOREX MARKET STATISTCSThe Forex Market is a decentralized OTC (Over-the-Counter) financial market. Forex is running 24 hours per day using the electronic network of banks (ECN). It is estimated that the Forex turnover today may exceed 4 trillion dollars per day. Forex volumes are generated mainly from speculators. It is estimated that 90% of the Forex trading volumes are generated by speculators (day-traders).

 

Forex Market Structure

The global free-floating Forex currency system started in 1971 as the Bretton Woods agreement ended. The online Forex trading market started in the late 1990's. Forex is an open 24-hours market {Sunday 5pm (EST) - Friday 4pm (EST)}. Forex Trading starts in the Asia-Pacific and continues in the Middle East, in Europe, and in the US.

 

The Most Traded Currencies

The US Dollar is traditionally the most traded Forex currency in the world (85% of all Forex transactions). The Euro is the second most traded Forex currency (39% of all transactions and the Japanese Yen is the third most traded Forex currency (19% of all Forex Transactions). Each Forex transaction involves 2 pairs so the grand total of all transactions equals 200% and not 100% as in every other financial market.

Chart: Most Traded Forex Currencies

FOREX CURRENCIES

Chart: World Fx Reserves & Currency Composition

Untitled 4

Most Traded Forex Pairs

Here are the weights of the most traded Currency Pairs:

  • EURUSD, 37% of the total volume
  • USDJPY, 13% of the total volume
  • GBPUSD, 12% of the total volume
  • AUDUSD, 6% of the total volume
  • USDCHF, 5% of the total volume
  • USDCAD, 4% of the total volume
  • EURJPY, 2% of the total volume
  • EURCHF, 2% of the total volume

 

Major Cross Rates 

Here are the most popular Forex Crosses: EURJPY | EURGBP | EURCHF | GBPJPY | GBPCHF

 

Forex Market Size (According to BIS)

The Forex market is the largest in the world with daily turnovers of 4 trillion USD on average. That makes Forex 12 times larger than global equity markets while the Forex annual turnover equals 10 times the global GDP.

 

Major Forex Markets

The New York and London markets are the largest and account for about 50% of the total Forex daily turnover. As concerns the Forex market overlap, about 65% of the New York volume activity occurs in the morning, when the New York Market overlaps with the European markets.

Table: Forex Market and Geographical Volume Activity Distribution

Forex Market

Volume Activity (%)

United Kingdom

37.0%

United States

18.0%

Japan

6.0%

Switzerland

5.0%

Singapore

5.0%

Honk Kong

5.0%

Australia

4.0%

All the Rest

20.0%

 

The Forex Volume Activity Concentration in Large Banks

Forex turnover is concentrated in large banks. 7 banks in the US account for about 75% of the country’s total currency turnover. The same is valid for Japan. In the U.K. 7 banks account for about 75% of the total currency turnover. The Swiss Forex activity is far more concentrated as 2 banks account for about 75% of the total currency trading activity in Switzerland. Furthermore and as concerns the Global Forex Market, 10 institutions  account for about 73% of the total activity. The UBS and the Deutsche Bank are some of the largest players in the Forex Market.

 

Forex Historic Volatility -Analytical Results

Here is FxPros.net research on the Historic Forex Volatility. The results of the analysis are divided into 3 main periods: 2000-2004, 2005-2009, 2010-2013

ANALYTICAL RESEARCH RESULTS

3-PERIODS

 

 » 2000-2004 

 

 

 » 2005-2009 

 

 » 2010-2013 

Summury Results » Forex Market Volatility Summary

 

Find more: » Forex Trading Tips | » Choosing Fx Pros | » Forex Trading Guide |  » Forex FAQ for Traders

Forex Reviews:  » XEMarkets | » RoboForex | » Dukascopy 

General LinksBIS | IMF | Eurostat

 

Forex Market Statistics

◘ FxPros.net

FacebookTwitterDiggDeliciousStumbleuponGoogle BookmarksLinkedInPinterest

Fx Pros

Forex Professionals

"The Best Fx Professionals around the Net.. at FxPros.net"

Rebate Forex

Joining a Forex Trading Rebate means earning money from trading volumes.

Forex Trading Rebates

Rebates are considered better incentives than bonuses as they incur a long-term benefit for traders. More at Forex-Rebates.com

» Forex Trading Rebate Plans

Forex Robots List

Forex Robots Web-Sites

Forex Learning

They say that beauty lies in simplicity but this is not true when Trading Forex..

» More at Forex Trading Guide

» Technical Analysis Tools

Learn more..

» Forex Glossary

» FAQ for Forex Traders

» Choosing Forex Brokers

Forex Systems Reviews

Review Trading Systems:

» Forex X Code

» Forex Trendy

» TradeMiner Review

Review Expert Advisors:

» EA Builder (Custom EAs)

» Volatility Factor Review

Review Signal Providers:

» Traders Elite

» MBFX System

Forex Historical Statistics:

» General Statistics

» Market Volatility

» EUR/USD

Go to top