NZ dollar 10th most traded currency in foreign exchange markets

Global Currency TradingBrian Fallow wrote a useful piece in the Weekend Herald about currency trading volume.

Some key statistics:

* Trading in the NZ$ represents about 2% of global foreign exchange turnover of US$5.3 trillion.

* New Zealand accounted for 0.2% of global forex trading

* London accounted for 41% of global forex trading

* Most trading in NZ was in exchange for US$ – US$82 billion a day.

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