The U.S. dollar (USD) continues to dominate global currency trading, with a daily trading volume of $93.3 billion, according to the New York Fed's April 2024 FX Volume Survey. Since October 25, 2024, the USD has strengthened against several currencies, with the Swedish Krona (SEK), Mexican Peso (MXN), and Canadian Dollar (CAD) experiencing notable depreciation. In contrast, the South Korean Won (KRW) showed resilience with a 0.606% return against the USD, while the MXN was the weakest performer, depreciating by 1.462%. Additionally, the Nigerian Naira has been identified as one of the worst-performing currencies globally, having depreciated approximately 33% against the USD since January 2024. Emerging-market currencies have generally struggled, with Nigeria, Egypt, and Argentina being the poorest performers this year, while Sri Lanka, Malaysia, and South Africa have shown stronger performance.