180 currencies are recognised as legal tender around the world today, but only a handful are used for international transactions. The most powerful of these dominate global trade, finance, and foreign exchange reserves.

In a recent report, Insider Monkey ranked the world's top currencies based on their forex trade volume, status as a reserve currency, and strength on face value in terms of exchange rate. Read on to discover the 11 strongest currencies in the world today – and find out facts you may not know about the legal tender that makes the world go around. 

All dollar amounts in US dollars.