The US dollar is one of the most traded currencies in the world, as it can be traded with all other major currencies, and it is also used as an interm

 

The most important currencies of the world

U.S. dollar

The US dollar is one of the most traded currencies in the world, as it can be traded with all other major currencies, and it is also used as an intermediary currency in tripartite transactions; This is because it is considered an unofficial global reserve currency maintained by the central banks in the countries, and many countries use it as an official currency instead of the local currency; This is due to its global acceptance, in addition to its use by some countries as an alternative and informal method of payment while maintaining their official local currency.  

European Euro

The European euro is the second most traded currency in the world after the US dollar, and it is also the second largest reserve currency in the world, as the euro was introduced to global markets at the beginning of 1991 AD, and the euro is the official currency of the European Union countries, in addition to the establishment of many European countries Africa by pegging its currency to the European Euro; This is due to the stability of the euro exchange rate. 

Japanese Yen

The Japanese yen is the third most traded currency around the world, in addition to being the official currency of Japan, as the yen reserves 4.9% of the global currency reserves, and thus it is the third largest reserve currency in the world, and the value of the yen depends on the strength of Japan’s economy, especially in the manufacturing sector. Which represents major exports, such as: cars, tools, and ships, in addition to textiles and electronics.

Australian dollar

The Australian dollar is considered the fifth most traded currency in the world, in addition to being the official currency of Australia, as it is the sixth largest reserve for currencies in the world, which is estimated at 1.8% of the total currency reserves, and the value of the Australian dollar is affected by commodity prices, and terms of trade that constitute the ratio Between import and export prices, as Australia is a major exporter of iron, copper and coal, and is the main importer of oil, so the Australian dollar could be affected by shifts in trading volumes and prices of these commodities.