The most volatile major currencies in 2025

2025 has proven to be an unusually volatile year for foreign exchange movements. The Trump administration and ongoing conflicts have led to frequent exchanges between world leaders and policymakers, while record-high tariffs are affecting global trade more significantly than we have seen since the 2000s.

Since 2020, the world has seen many disturbances compared to a much more geopolitically stable first part of the millennium. Between COVID-19, new conflicts around the globe, unprecedented central bank policies, and trade wars, there is a lot to digest for economists and individuals. However, for traders, with volatility comes opportunity.

OANDA dives into major currencies that have seen the most volatility since the beginning of 2025.

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