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 1990s. 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


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


United States








Honk Kong




All the Rest



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




 » 2000-2004 



 » 2005-2009 


 » 2010-2013 

Summary Results » Forex Market Volatility Summary


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General LinksBIS | IMF | Eurostat


Forex Market Statistics


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