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the foreign exchange market is one of the most influential markets in the world today the New York Stock Exchange the Nasdaq and the Tokyo Stock Exchange are the three largest security markets in the world they have a daily trading volume of around 300 billion US dollars combined the foreign exchange market has a daily trading volume of around six point six trillion dollars per day according to the Bank for International Settlements which is basically the central bank for central banks this daily figure is more than the annual GDP of all but two of the largest nations on earth China and the USA so what is going on here beyond tourists changing their money out to go shopping on holidays why does this market even exist well in this video I want to explore three things why is a foreign exchange market so large influential who actually conducts these trades and how and while were here why is it that the UK pound is so valuable compared to all other currencies we live in an increasingly g
