Global currency trading is estimated at $10 trillion a day: the dollar remains the undisputed leader.
Global currency trading is estimated at $10 trillion a day: the dollar remains the undisputed leader.
A New Scale of Global Currency Activity
The forex market is experiencing a historic moment. According to the Bank for International Settlements (BIS), daily currency trading volume reached $9.6 trillion , approaching the symbolic $10 trillion mark.The world has never seen such a volume. The report emphasizes that the growth was driven by the instability caused by Donald Trump's tariff policies on so-called "Liberation Day"—the moment when trade tariff agreements with several countries were renegotiated.
Why the market is growing – the role of geopolitics and digitalization
The main driver of growth in trading volumes is geopolitical uncertainty and the active digitalization of foreign exchange transactions.Trade conflicts between the US, China and EU countries are prompting corporations to hedge currency risks.
The growth of algorithmic trading and HFT (high-frequency trading) volumes accelerates liquidity turnover.
Institutional investors diversify their assets by transferring part of their capital from stocks to currency pairs.
According to BIS, electronic platforms and liquidity aggregators account for 78% of all transactions , making the market faster and more sensitive to news.
Global currency trading is estimated at $10 trillion a day: the dollar remains the undisputed leader.
The dollar is the undisputed leader
The USD remains the most traded currency, accounting for over 88% of all transactions . The euro ranks second (31%), followed by the yen (17%) and the pound sterling (13%). The Chinese yuan's share has grown to 7%, reflecting Beijing's desire to internationalize its currency through trade and energy agreements.Analysts note that every fifth transaction on the interbank market is directly or indirectly linked to transactions against the dollar. This confirms its role as a global "financial anchor."
The impact of Trump's tariff policy
Donald Trump's tariff rhetoric on "Liberation Day" triggered widespread exchange rate fluctuations. Market participants note that volatility has increased by 25-30% compared to the first half of the year.The USD/JPY and EUR/USD pairs experienced sharp movements within the range of 1.2-1.5%.
Increased demand was observed for the Swiss franc and gold.
These events showed that political statements can still instantly change the balance in the world's largest financial market.
What does this growth mean for traders and brokers?
For brokers, increasing daily turnover means increased demands on infrastructure—server capacity, liquidity providers, and order execution speeds.VPS and low-latency solutions are becoming the standard even for retail brokers.
The demand for multi-account systems (MAM/PAMM) and CRM platforms integrated with MT4/MT5 is increasing.
Traders are moving to short-term holding strategies to take advantage of high volatility.
According to the BIS, London remains the largest center for foreign exchange trading (38% of global volume), followed by New York (19%) and Singapore (9%). In Asia, the largest growth was recorded in Hong Kong and Tokyo, where volumes increased by 14% and 11%, respectively.
These trends confirm the shift of the financial center of gravity towards the East, where hubs for digital assets and cross-exchange liquidity are developing.
Liquidity is the new oil of financial markets
Record trading volumes signify not just increased interest in currencies, but also the strengthening of Forex's role as a global mechanism for capital redistribution. At the same time, the dollar remains the systemic backbone of the global financial architecture, and volatility is its driver.By Claire Whitmore
October 31, 2025
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October 31, 2025
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