Major currency pairs are the most widely traded currency pairs: EUR-USD, USD-JPY, GBP-USD and USD-CHF. According to data from the Bank for International Settlements (BIS), the U.S. dollar is the most widely traded currency, being on one side of 88% of all trades in the $6.1 trillion/day FX market. Other major currency pairs include EUR-CHF, USD-CAD, AUD-USD. Major currency pairs are traded 24/5 all over the world in highly liquid markets, with low bid-offer spreads both in spot and forward markets.