The Chinese yuan has vaulted into the Top-10 of most frequently traded currencies for the first time, the Bank for International Settlements said in its foreign exchange survey.
In a rapidly growing global currency business, which now generates $5.3 trillion a day in flows, up from $4 trillion in 2010, the yuan climbed to ninth place from 17th three years ago … and up from the mid 30s in 2001.
Clearly, this is a trend worth noting.
