The Renminbi has a limited role in global exchange rates, with only a small impact on other currencies. Many countries' currencies move in response to changes in the Renminbi, especially when it depreciates unexpectedly. However, the Renminbi's influence on other currencies is generally less than 2%. Countries with strong trade ties to China are most affected by the Renminbi's movements. Overall, the Renminbi's global influence is still quite small.