If you’re asking how much is the forex market cap, it’s important to clarify that the forex market doesn’t have a traditional “market capitalisation” like stock markets. Instead, we measure its size by daily trading volume, which gives a clearer picture of how massive and liquid the market truly is.

Forex Market Daily Volume (2024 Estimates)

• Over $7.5 trillion is traded daily in the global forex market
• This includes spot trades, forwards, swaps, and options
• Forex is the largest and most liquid financial market in the world

Annualised Turnover Estimate

• If you multiply daily volume by 252 trading days per year, total turnover exceeds:
  $1.89 quadrillion per year ($7.5 trillion × 252 days)

Comparison With Other Markets

Market	Average Daily Volume
Forex	$7.5 trillion
Global Stock Markets	~$200–300 billion
Crypto Market Cap	~$2 trillion total (not daily)
Gold Market (Spot)	~$200 billion

Largest Forex Centres (By Volume)

• London – handles ~40% of global forex trading
• New York – ~20%
• Singapore, Hong Kong, Tokyo – significant contributors

Most Traded Currency Pairs

• EUR/USD – ~20% of global volume
• USD/JPY, GBP/USD, and USD/CHF follow closely
• The US dollar is involved in over 85% of all forex transactions

Conclusion

If you’re asking how much is the forex market cap, it’s better measured by volume — and at over $7.5 trillion traded per day, the forex market dwarfs every other asset class in the world.

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