The largest center for trading in foreign exchange is

Question

Quizplus · Accepted Answer

London is considered the largest center for foreign exchange trading as it accounts for over 40% of the daily global forex trading volume, which is much more than any other city in the world. It is also home to the largest forex market in the world, known as the London Interbank Offered Rate (LIBOR). Other major cities like New York, Tokyo, Hong Kong, and Geneva also have substantial forex trading activity, but London stands out due to its sheer size and influence in the global financial markets.

The Largest Center for Trading in Foreign Exchange Is