evidence: The next three most traded currencies – the euro, the Japanese yen and the pound sterling – retained their relative rankings. The euro continued to be the world's second most traded currency, on one side of 30.5% of all trades in April 2022 (down slightly from 32% in 2019). The Japanese yen and sterling were on one side of 17% and 13% of all trades, respectively, virtually unchanged since the 2019 Survey. The Chinese renminbi exhibited the biggest increase in market share since the 2019 survey, being on one side of 7% of all trades in 2022 (up from 4% in 2019). As a result, the renminbi became the fifth most traded currency, up from eighth place three years ago. [...] 7 While FX markets globally can be characterised as OTC markets, a large share of trading in the Brazilian real and, to a lesser extent, the Indian rupee is done via exchange-traded derivatives (XTD) (see Table 4). Taking XTD markets into account would boost the relative ranking of both currencies.