5 Most Powerful Currencies in the World

In this article, we look at the 5 most powerful currencies in the world. To view the complete list and see how we ranked these currencies, you can head to the 15 Most Powerful Currencies in the World.

5. Chinese Yuan

Chinese renminbi, or yuan, is the fifth strongest currency in the world, with a 3% global reserve currency share. Moreover, it is also one of the most traded currencies in the world, with a daily volume of over $520 billion. China, using its growing role in the international economy, has in recent years made efforts to internationalize the currency by promoting its use in trade and investment. According to a report, around 8 countries have begun or are considering to trade with China in yuan, instead of the U.S. Dollar. In the forex market, 1 Chinese Yuan will buy you 0.14 U.S. Dollars.