5 Most Powerful Currencies in the World

4. Pound Sterling

With about $968 billion in daily forex trade and a 5% reserve currency share in central banks across the world, the British Pound Sterling is one of the most powerful currencies in the world. It is also one of the oldest, dating back to Anglo-Saxon times.

It was the global reserve currency during the 19^th century and first half of the 20^th century, before the U.S Dollar’s dominance began. It is abbreviated as GBP and is also one of the most valuable currencies on face value in terms of exchange rate. Exchanging 1 Pound will get you 1.25 U.S. Dollars. Barclays PLC (NYSE:BCS) was declared as the best bank in 2022 for GBP/USD forex trade at FX Markets Awards.