In currency, the 10 Most Highly Valued Currency in the World: There are 180 currencies recognized by the United Nations to be in use in 195 member nations. The degree to which they are used and circulated around the world is common among most currencies; however, that does not always correlate with their strength or stability in value.
True strength of a currency lies in its ability to buy-the amount of goods and services or the foreign currency that a single unit can buy.
The factors that help determine the value of a currency include supply and demand in foreign exchange, inflation rates, the status of the domestic economy, the policies of the central banks, and the overall economic stability of the issuing country.
The 10 strongest currency in the world and their valuation determinants.
| Rank | Currency | Symbol | Value in INR | Value in USD |
| 1. | Kuwaiti Dinar | KWD | 278.41 | 3.26 |
| 2. | Bahraini Dinar | BHD | 226.43 | 2.65 |
| 3. | Omani Rial | OMR | 221.65 | 2.60 |
| 4. | Jordanian Dinar | JOD | 120.33 | 1.41 |
| 5. | Gibraltar Pound | GIP) | 113.53 | 1.33 |
| 6. | British Pound | GBP | 113.53 | 1.33 |
| 7. | Cayman Islands Dollar | KYD | 102.49 | 1.20 |
| 8. | Swiss Franc | CHF | 103.34 | 1.21 |
| 9. | Euro | EUR | 97.01 | 1.14 |
| 10. | United States Dollar | USD | 85.34 | 1.00 |
Note: The exchange rates are subject to change and the values are based on the recent exchange rates as per Google Finance.
Kuwaiti Dinar (KWD)
Since April 1, 1961, Kuwaiti Dinar (KWD) has been the world’s most valued currency. The Dinar obtains its strength from the huge oil resources of the country, economic stability, and tax-free environment. Indian expatriates especially monitor the KWD-INR exchange rate much.
Bahraini Dinar (BHD)
The Bahraini Dinar (BHD) was the first currency introduced in Bahrain on October 7, 1965. The oil-export-driven economy of the country and the peg of the BHD to the US Dollar have bestowed substantial stability to it. The BHD enjoys support from a sizeable number of expatriates, especially from India, thus helping it maintain its position as the second-most valuable currency in the world.
Omani Rial (OMR)
The Rial is Oman’s official currency. Prior to the Rial, Oman went by the Indian rupee for monetary needs. Oil reserves are very important for the economy of Oman; that is, oil is the major driving force of its economy. The value of the Omani Rial is pegged to the US dollar and is rated as the third-highest-valued currency globally.
Jordanian Dinar (JOD)
In 1950, when Jordan replaced the Palestinian pound with the Jordanian Dinar as its official currency, the Dinar gained its prominence in the world currency market. Thanks to the stable fixed exchange rate system and diversified economic structure of the country, the Dinar has secured the fourth highest-valued currency in the world.
Gibraltar Pound (GIP)
The official currency of Gibraltar is this. It is loose pegged to the British pound sterling (GBP) at par, which is 1:1 exchange rate. Gibraltar is a British overseas territory with most of its economy reliant on tourism-related activities and e-gaming. Hence GIP is regarded as the fifth strongest currency in the world.
British Pound (GBP)
British Pound (GBP) the official currency of Great Britain, is also in circulation in some other regions. The Pound is the sixth strongest currency in the world and plays a vital role in international finance. Its strength owes to London being an important global financial centre and Britain’s strong trading activities.
Cayman Islands Dollar (KYD)
KYD is an abbreviation, and it stands for Cayman Islands Dollar. It is the currency given for use in Cayman Islands. This currency, however, replaced Jamaican Dollar of 1972. The CIs rank seventh in world’s strongest currencies, while in actual terms, KYD is the fifth highest currency in the world. An example of KYD use and value in the Cayman Islands is the highest financial and tax haven in the world.
Swiss Franc (CHF)
The Swiss Franc (CHF) is the official currency of the country known, along with Liechtenstein. The currency is known to have been established on May 7, 1850. Since Switzerland was mostly known for economic stability, it has also been referred to as one of the richest nations in the world. The strength of the Swiss Franc is basically a testimony of Switzerland’s strong financial system and major global economic domination.
Euro (EUR)
The currency of nineteen members of the European Union, introduced on January 1, 1999, is the Euro (EUR). It is the second richest reserve currency in the world and ranks second as the most traded currency worldwide. As one of the strongest currencies, the Euro holds a place among the highest valued currencies, scoring well into ninth position.
United States Dollar (USD)
The United States Dollar is also the legal tender of 11 countries. Officially, the United States Dollar is the currency of the United States. It is the most traded currency in the world and dictates the dominant role of the USD as a reserve currency, whether public or private. Still, in comparison to the world’s highest-valued currencies, it ranks as the tenth most powerful one.
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