Chinese Yuan Enters Top 10 Most-Traded Currencies

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.

130906 Currencies Ranked by Daily Trading Value

Clearly, this is a trend worth noting.

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