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According to the UN, there are 180 currencies in circulation across the globe. But, have you ever thought about the strongest currency in the world? Or, Which country have the highest currency value across the globe? You probably are now considering the British pound, the US dollar, or the Euro... Well, guess again. Several currencies have a value that is higher than these three.
In this article we are going to explore the list of 20 highest currency in the world. But, let's start the list from the bottom.
The new Israeli shekel, also known as simply the Israeli shekel, is the currency of Israel
The Fijian dollar is the official currency of Fiji since 1969. It is normally abbreviated with the dollar sign $, or alternatively FJ$ to distinguish it from dollar.
The convertible mark is the currency of Bosnia and Herzegovina.
The lev is the currency of Bulgaria. It is among top 20 valuable currency in the world.
The florin or Aruban guilder is the currency of Aruba. It was introduced in 1986.
The manat is the official currency of Azerbaijan. It is in top 20 strongest currency in the world.
The New Zealand dollar is the main currency of New Zealand, as well as the entirety of its island regions. Started in 1967, it replaced the New Zealand pound which had been used starting around 1933.
It is said that the Australian Dollar, which is the Commonwealth of Australia's official currency, is one of the world's most colourful.
After Singapore's separation from Malaysia in the year 1967, Brunei dollar replaces the Malaya and British Borneo dollars. The Singapore dollar and the Brunei dollar are the same and can be used in either country.
Singapore has become economically powerful since its separation from Malaysia and is 11th on the list of largest foreign exchange reserves in the world.
The Canadian Dollar stands in top 10 strongest currency in the world. CAD is involved in roughly 5% of daily forex trades.
In the forex market today, the US dollar is the most traded currency. It is involved in more than 85% of daily forex trades and has the highest demand. Due to all of this, the US dollar is one of the strongest currencies in the world.
Over the years, the Euro's strength has allowed it to maintain a prominent position among the world's most valuable currencies.
The Swiss Franc is one of the most grounded and most stable currency around the world. It is at 7th place in the list.
The Cayman Islands Dollar is the only Caribbean currency in the list of the strongest currency in the world.
Most of us think that the British pound is worth more than any other currency. GBP's exchange rate against the US dollar places it only fifth among the highest currencies.
The Jordanian Dinar was at first fixed to the US Dollar at a higher worth. The nation was able to keep this peg for the past two decades. So today, the Dinar is at 4th of the most costly currency in the world.
With a rate of 2.60 USD for one Omani Rial, the Omani Rial ranks third on the list of the world's most valuable currencies.
The world's second most strongest currency is the Bahraini Dinar, with a change pace of $2.66 per one Dinar. It is fixed to the US Dollar, and its swapping scale against the USD stayed stable starting around 1987.
At $3.25 per Dinar, the Kuwaiti Dinar is currently the world's most valuable currency. Kuwait's stable economy and significant oil exports to the global market, which account for nearly 95% of the country's revenue, account for the high value.
You may use one of the following currency converter to get the latest exchange rate:
With an exchange rate of 3.26 USD, the Kuwaiti Dinar is the world's most valuable currency and has been for many years. Kuwait's oil wealth and stable economy are the reasons for this. The Kuwaiti Dinar is broadly utilized for oil exchanges. KWD is the short form of Kuwaiti Dinar.
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