Exam ICWIM Topic 1 Question 61 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 61
Topic #: 1
Which currency is most heavily traded on international markets?

Suggested Answer: B Vote an answer

The US dollar (USD) is the most heavily traded currency in the global foreign exchange (forex) markets.
* Global Reserve Currency: The USD is held as a reserve currency by central banks worldwide, making it the most liquid and widely used currency.
* Forex Trading Volume: According to the Bank for International Settlements (BIS), the USD accounts for over 88% of global forex transactions.
* Trade & Commodity Pricing: The USD is the primary currency for global trade, oil pricing, and commodity transactions.
* Safe Haven Currency: During economic uncertainty, investors move towards USD as a stable asset.
# Reference: BIS Triennial Survey (2022), IMF Reports on Global Currency Reserves.

by Kyle at Sep 26, 2025, 01:12 AM

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