The most important trading centres for the foreign exchange market are in:

Question

Quizplus · Accepted Answer

London, New York, and Tokyo are widely recognized as the most important trading centers for the foreign exchange market due to their high trading volumes, large financial institutions, and geographical location. London accounts for approximately 43% of global forex trading, while New York and Tokyo account for 17% and 6% respectively. Other centers such as Hong Kong, Singapore, and Sydney also have significant forex trading volumes but are lesser than the three majors. So, option A is the correct choice.

The Most Important Trading Centres for the Foreign Exchange Market