5 Strongest Currencies in the World in 2024

3. Japanese Yen

The Japanese Yen, as one of the most preferable Asian currencies, especially in the face of economic uncertainty, also enjoys fourth place in the most popular reserve currency. Moreover, it is the third most traded currency in the world, reaching a $1.2 trillion daily trade volume.

The country’s policies aiming at low inflation and zero interest rate has far reaching impacts. The zero interest rate has led to Yen becoming the most popular funding currency.

Goldman Sachs Group Inc (NYSE:GS) considers yen to be the cheapest and safest currency to invest in. For every 1 Japanese yen, 0.0069 U.S. Dollars can be bought.