The song re-entered the UK Singles Chart for week ending February 18, 2012, following Houston's death. But the single became a minor hit in Oceania region, peaking at number 53 and 34 on the singles chart, in Australia and New Zealand, respectively. It peaked inside the top five in Austria, Belgium, Finland, Iceland, Norway, Sweden, and Switzerland, and reached top ten in France and the Netherlands. Across Europe, 'One Moment in Time' was successful, topping the European Hot 100 Singles chart for five weeks. The single was certified Gold for shipments of 250,000 copies or more by the Bundesverband Musikindustrie (BVMI) in 1988. On October 24, 1988, the fifth week of its release, the song reached number one on the chart and stayed there for two weeks, making it her second German number-one hit. In Germany, it debuted at number 58 on the Media Control Top 100 Singles chart, the week dated September 26, 1988, and the following week went straight into the top ten.

According to The Official Charts Company, the single has sold 400,000 copies in the country. The single was certified Silver by the British Phonographic Industry (BPI) for shipments of 200,000 copies on October 1, 1988. In the United Kingdom, the song entered the UK Singles Chart at number 24, the week ending date of September 24, 1988, and within four weeks of its release reached the top position, a peak it maintained for two weeks, becoming Houston's third UK number-one single. It ranked number 89 on the Billboard Hot 100 Year-End chart of 1988. On the issue date of November 5, 1988, the single peaked at number one on the Billboard Hot Adult Contemporary chart, making it her seventh number-one single on the chart, and stayed on the top for two weeks. It also debuted on the Billboard Hot R&B/Hip-Hop Songs (formerly 'Hot Black Singles') at number 78, the issue dated September 17, 1988, and six weeks later reached a peak of 22, her lowest position on the R&B chart at the time. Nine weeks later, it peaked at number five on the chart, the issue date of November 12, 1988, becoming Houston's tenth top 10 hit on the Hot 100, and spent 17 weeks on the chart. The song debuted at number 57 on the Billboard Hot 100, the issue dated September 10, 1988. 'One Moment in Time' was released by Arista Records on August 27, 1988, as the first single from 1988 Summer Olympics Album: One Moment in Time, the soundtrack to the Games in Seoul, South Korea. The song video ends with the 1988 Olympic Cauldron blazing. When the chorus is sung for the last time, midway through it, scenes of the awarding from 19 are shown. As the song plays throughout, footage from the games in 19 are shown. It opens with footage of Olympic games from 19 until the lighting of the cauldron from the 1988 games is shown which fades from black and white to color. The video for the song does not show Houston performing the song but is a basic collage of clips from previous Olympic ceremonies. The track is an anthem for believing in yourself against all odds as Houston asks for 'One moment in time/when I'm racing with destiny/Then, in that one moment of time, I will feel eternity.' It appeared on the album 1988 Summer Olympics Album: One Moment in Time, produced in conjunction with NBC Sports' coverage of the Seoul games and which, in addition to Whitney Houston who sang it live at the main ceremony, also featured artists such as: The Four Tops, The Bee Gees, Eric Carmen, Taylor Dayne and the film composer John Williams. The song's melody was inspired by the timeless figure of Elvis Presley, with Hammond imagining it as being sung by Presley at the opening of the Olympics.

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Whitney houston one moment in time