Yuan overtakes Euro as world's second trade currency

Discussion in 'Currencies' started by whinfell, Dec 4, 2013.

  1. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,348
    Likes Received:
    112
    Trophy Points:
    63
    Location:
    Australia
    Source: http://www.abc.net.au/news/2013-12-...euro-as-world27s-second-trade-curreny/5132960
     
  2. Old Codger

    Old Codger Active Member Silver Stacker

    Joined:
    May 13, 2011
    Messages:
    4,836
    Likes Received:
    3
    Trophy Points:
    38
    GEE, a whole 8.66%

    Minnows and whales.
     
  3. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,516
    Likes Received:
    3,377
    Trophy Points:
    113
    Location:
    Australia
    From little things big things grow.
     
  4. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,348
    Likes Received:
    112
    Trophy Points:
    63
    Location:
    Australia
    How long before the Yuan market share becomes 80%, and the USD drops to less than 10%? Probably not for many years, but it will be interesting to watch :)
     
  5. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,754
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    The pound sterling has been falling in importance and value for 100 years - doesn't have to happen overnight
     

Share This Page