5 Most Powerful Currencies in the World

3. Japanese Yen

The Japanese Yen has a 6% share as the global reserve currency and trumps the Pound to be ranked third. It is also the third most traded currency in the world with a daily trade volume of $1.2 trillion. The JPY is valued by investors for its low inflation rate and low interest rates due to an aging population. The Japanese government has deliberately devalued the yen to encourage exports and trade. Goldman Sachs Group Inc (NYSE:GS) declared yen to be the cheapest and safest asset to invest in. 1 Japanese yen would get you 0.0072 U.S. Dollars in return. That means 1 U.S. Dollar equals about 139 Japanese yen.