Interbank currency trading

Explain, why do most interbank currency trading globally include the U.S. dollar?

E

Expert

Verified

Globally, trading in currencies is in contrast to the common currency having the international appeal. That currency has been the U.S. dollar form the end of World War II.  Though, Japanese yen and deutsche mark have started to be utilized much more as international currencies in the current years.  Also, trading could be exceedingly burden and is also complex to manage in case every trader makes a market against another currency.

   Related Questions in Financial Accounting

©TutorsGlobe All rights reserved 2022-2023.