What do you think, which are the most valuable currencies in the world? Currencies are rising and crashing very fast than we think in the current economic times. We know that they are very important to determine the economic health of a state or nation. We also know that the American dollar is an international currency. So, the currency of other countries is always compared with the American dollar. As the rates of the currency also fluctuate like a share of companies on stock markets.
Most Expensive Currencies in the World | Most Valuable Currencies
As we can see neon lights boards with today’s rates through banks or money exchangers. But these are not always true because these are made up by the money exchangers and mostly private banks. We can also say that there is nothing as today’s rates exist in this world. What you say, which is the most expensive or valuable currency? We are going to you the list of most valuable currencies in the world. We also believe that it will be shocking for most of the people because they are expecting something else. This list is purely based on current rates.
So, here we have a list of the most valuable currencies in the world.
1. U.S Dollar
We have described that it is a game of dollars. As we know that the dollar is an international currency. Different stock markets of the world are based on this currency. There is a very high demand of dollar all over the world, but it is interesting to know that it is the tenth most valuable currency in the world. Despite, it is also the most traded currency in the world. The dollar is the official currency of America since 1785. It is the only currency that is used officially in 11 countries and unofficially in 43 countries.
2. Swiss Franc
We know the beauty of Switzerland is famous all over the world, then, how we forget its currency. It is also one of the smallest countries in the world as well as in Europe. The country has maintained its economy and currency because of peace and tranquility in the country. It has made its place on the list because every person in the world has wished to invest his money in this country. It is a valuable currency because 1CHF is equal to $1.01. Switzerland is a small country but beating America in currency. So, you can say it is one of the most valuable currencies in the world.
3. Cayman Island Dollar
The country has a liberal banking system. Therefore, notoriously known as the biggest layer of money launderers. The currency is denoted with the symbol of CI$ or $ with the currency code of KYD. It is also subdivided into 100 cents. As the currency of the country got a boost when the Jamaican dollar was added to replace it. Now the currency is available in the market with the same highest position. So, 1KYD is equal to $1.20 US dollars. This makes it the eight most valuable currency in the world.
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4. European Euro
The currency has got more respect from the world due to the economic status of most of the European countries. It interesting to know that it is the currency of about 25 member states of the Eurozone. All these states are located in Europe. It was officially announced as the currency of this area in 1999 with the symbol of €. As one euro is formally equal of $1.24 and also divided into 100 cents as well. On the other hand, it also holds the 2nd place in the world as an international standard of trade after the dollar. So, you can say it is one of the most valuable currencies in the world.
5. British Pound
British Pound is another one of the most expensive currencies. You can also expect its even higher value in the coming years as well. Just like the dollar, it is also the official currency of many states including Jersey, United Kingdom, South Georgia, South Sandwich Island, the Isle of Man, Tristan da Cunha and many others. The code of the currency is £ and subdivided into 100 pence. So, overall 1 British Pound is equal to $1.40.
6. Gibraltar Pound
It is another most famous currency in the world. As the currency is fairly known by the name of the Rock or Gib. Do you know about this territory? It is also a British overseas territory just located at the southern end of the Iberian Peninsula. In short words, it is at the strategic entrance to the Mediterranean Sea from the mighty Atlantic Ocean. It is famous with the code of GIP and symbol of £. So, 1 GIP is equal to $1.41. Therefore, you can say it is one of the most valuable currencies in the world.
7. Jordanian Dinar
Jordan is also a little-known country of the world but its strongest economy has earned this country worldwide respect. It is just evidence of the strength of their currency. Dinar is their official currency. The country is located on the Asian continent with the capital name of Amman. It is available with the currency code of JOD and 1 JOD is equal to $1.41. It is one of the oldest currencies because introduced by King Jordan in 1940 and steadily become the 4th most valuable currency of the world.
8. Omani Rial
The country is officially known as the Sultanate of Oman. It is the Arab country located in the Southwest of Asia. As the capital of the country, Muscat, it also well-known in the world. It is a surprise for most of the people because they think that the currency is not doing very well. The currency is available with the code of OMR and 1OMR is just equal to $2.60. The currency of the country is famous because of the highest exportation of crude oil.
9. Bahrain Dinar
It is another country that is rich in natural resources. Bahrain is located in the Middle East. The capital name of the country is Manama. It is also the second most expensive and valuable currency in the world. It is also the smallest country with a population of just over 1 million. The income of the country fairly dependable on the export of black gold. It comes with the code name of BHD and single BHD is equal to $2.65. So, it is considered one of the most valuable currencies in the world.
10. Kuwaiti Dinar
It is the first and currently the most expensive currency in the world. Kuwaiti Dinar is available in the world with the currency code of KWD. As the parents country of the currency is none other than Kuwait. The country is also famous for its natural resources but most crude oil. 1KWD is fairly equal to $3.34, it is also subdivided into 1000 fils. The country is located in Western Asia with the capital name of Kuwait City. On the other hand, it is also one of the largest suppliers of oil in the world. That is the reason Kuwaiti Dinar is included in one of the most valuable currencies in the world.
We have seen that Arab countries have even stronger currencies as compared to others. But you have to keep one thing in your mind that biggest currency exchange rate doesn’t the strongest and most powerful economy. For example, the exchange rate of the Chinese currency is lower but it has one of the strongest economies in the world. But the currency has some impact on the GDP.
Here we have all from the article top 10 most valuable currencies of the world. We hope that you will like this article and get enough information about these currencies. Which one is your favorite currency? Please provide us your opinion and answer in the comments below.