G10 currencies
G10 Currencies
The G10 currencies are 10 of the most heavily traded currencies in the world. The G10 currencies are also the world's most liquid currencies (see Market_liquidity). Traders buy and sell them in an open market regularly with minimal impact on their own international exchange rates.
The origin of the term G10 currencies is not clear, however it may be derived from G-10 countries, and their agreement to participate in the IMF General Arrangements to Borrow (GAB). There is no longer a one-to-one relationship of the G10 currencies to a G10 country.
The G10 currencies are the United States dollar, the euro, the Japanese yen, the British pound sterling, the Swiss franc, the Australian dollar, the New Zealand dollar, the Canadian dollar, the Swedish krona, and the Norwegian krone.[1]
In certain banking circles, reference is made to the G11 currencies, which are the G10 currencies plus Danish Krone (DKK).