
Major currencies
Major currencies are the most widely used and traded money globally, acting as benchmarks in international markets. Examples include the US dollar (USD), euro (EUR), Japanese yen (JPY), British pound (GBP), and Swiss franc (CHF). These currencies are issued by their governments and central banks, reflecting the economic stability and strength of their countries. They are commonly used for international trade, investment, and reserve holdings. Exchange rates between these currencies fluctuate based on economic conditions, interest rates, and market perceptions, impacting global business and travel.