Major Countries Currencies 2023

United States Dollar (USD)

The United States dollar is among the most coveted dollars in the world, not for its value but for its lace in the global economy. It is supported by a gross domestic product (GDP) and a robust manufacturing industry that is traded everywhere in the world.

This dollar was born in 1913 when the Federal Reserve Act came into play which gave birth to the Federal Reserve System. The Federal Reserve is the main banking body in the United States and is governed by a board of directors.

European Euro (EUR)

The European Euro (EUR) is born from Frankfurt, Germany, where the Euro's European Central Bank is located. There are 19 countries that use this currency. It is governed by an Executive Board which is 4 members large, plus a president and vice president.

Japanese Yen (JPY)

The Bank of Japan is home to the Japanese Yen which was developed in 1882. There is a Policy Board that governs this bank that meets eight times every year. This is a board of nine people and that includes two deputy governors who receive the position by appointment.

British Pound Sterling (GBP)

The British Pound Sterling (GBP) has a home at the Bank of England that is markedly similar to the Federal Reserve System. It is governed by a Court of Directors that has five members on it. There are an additional 9 that may attend. The board includes a chair and deputy chair.

Canadian Dollar (CAD)

The Canadian Dollar (CAD) was established in 1934 by the Bank of Canada. The Bank of Canada is similar to the Swiss National Bank as it is sometimes viewed as a company. The Minister of Finance of the country holds shares in the Bank of Canada. The board's focus is to keep inflation stable.

Swiss Franc (CHF)

The Swiss National Bank developed the Swiss Franc (CHF) and is governed by both private and public owners. The ownership of the Governing Board is contained within public organizations. Three heads of bank meet four times a year to make the decisions.

South African Rand (ZAR)

The South African Rand was born at the South African Reserve Bank that used the United Kingdom's Bank of England for inspiration in development. Inflation stability is a key concern, although this currency does well.

New Zealand Dollar (NZD)

The New Zealand Dollar (NZD) has one of the highest rates in the world, and is home in the Reserve Bank of Australia. The board is comprised of six members that include a deputy governor and Secretary to the Treasury. This currency likes to see inflation kept between 2 and 3 percent, and they meet 11 times every year.

Gibraltar Pound (GIP)

The Gibraltar Pound (GIP) is close to the British pound sterling in terms of value, and is in the top five highest of all countries currencies in the world. There is a Central Bank controlling this. The Euro is the most popular currency traded with GIP.

Chinese Yuan (CNY)

The Chinese Yuan (CNY), also known as the renminbi, is always in the news as China hopes to become one of the top three largest reserves across the world's list of countries currencies. And they might do it. China is hoping to exchange more countries currencies, but also wants more international banks to invest in order for it to achieve that goal. International currency investors are always eyeing the Chinese Yuan (CNY) for that reason.