GITNUX MARKETDATA REPORT 2024
Currency Stability Statistics
Currency Stability Statistics provide insights into volatility and fluctuations in the value of a currency over a specific time period.
In this post, we explore a range of statistics related to currency stability and the global economic landscape. From the prevalence of major currencies like the USD and Euro to the impact of hyperinflation on currencies such as the Venezuelan BolÃvar, these statistics shed light on the intricacies of currency dynamics in today’s interconnected world. Join us as we delve into the fascinating realm of currencies and their significance in the global economy.
Statistic 1
"As per the International Monetary Fund, out of 200 economies, 20 countries officially use the US dollar as their currency."
Statistic 2
"Over 30% of global reserves are allocated in the form of the Euro."
Statistic 3
"The importance of third currencies (other than USD or Euro) in global reserves has grown from 2.5% in 1995 to over 6% in 2019."
Statistic 4
"The volatility of the British Pound increased from 5% to 13.5% following the Brexit vote in 2016."
Statistic 5
"Japan's monetary base has increased from about 80 trillion yen in 2011 to over 500 trillion yen in 2020, following aggressive monetary easing policies."
Statistic 6
"The South Korean Won has shown very low annual volatility (less than 1%) against the USD in the period 2016-2020."
Statistic 7
"In terms of Purchasing Power Parity (PPP), the Chinese Renminbi is considered the world's largest currency."
Statistic 8
"Around 80% of global trade finance was conducted in U.S. dollars as of 2019."
Statistic 9
"The Canadian Dollar (CAD) experienced an average daily range of 79 pips, making it one of the most stable currencies in the Forex market."
Statistic 10
"Zimbabwe experienced hyperinflation in 2008 with inflation rates over 89.7 sextillion percent/month. To address this, Zimbabwe adopted the US dollar as its official currency."
Statistic 11
"The Venezuelan BolÃvar has lost nearly 100% of its value within a few years due to hyperinflation."
Statistic 12
"The Central Bank of Russia reports that the RUB/USD exchange rate has been stable at around 70-75 from June 2020 onwards."
Statistic 13
"According to the IMF, the usage of local currencies in international transactions in Emerging and Developing Economies has remained steady at around 50% between 2001 and 2019."
Statistic 14
"Swiss National Bank data shows that the exchange rate of the Swiss Franc with EUR has remained stable around 1.1 since 2017."
Jannik Lindner
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