When we mention currencies in the world, our mind immediately goes to the Dollar or Pounds sterling. fact is, both currencies are not the highest ranked in terms of value in the world. here are 10 countries with the highest currency value in the world as at August 2017
10: United States Dollar: USD
The US Dollar is the currency of United States. The most popular United States Dollar exchange rate is the USD to EUR rate. Surprisingly at the bottom of the list even though it is the most traded currency in the world. Over the last few years, USD value has depreciated but the strength hasn’t.
9. SWISS FRANC
The Swiss Franc or CHF is the currency of Switzerland and Liechtenstein. The most popular Switzerland Franc exchange rate is the EUR to CHF rate. Switzerland’s famously secretive banking sector made the national currency a safe haven for international capital. The country pegged the franc to the euro when it joined the currency union, opting for a dual system rather than choosing to abolish the franc.
The euro or EUR is the official currency of the eurozone, which consists of 19 of the 28 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. As of January 2017, with more than 1,109,000,000,000 Euro in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.S. dollar at one point
7: Caymanian Dollar-KYD
The Cayman Islands Dollar is the currency of the Cayman Islands. The most popular Cayman Islands Dollar exchange rate is the USD to KYD rate
6: Gibraltar Pound- GIP
The Gibraltar pound is the currency of Gibraltar. It is pegged to – and exchangeable with – the British pound sterling at par value. The central bank controlling the GIP, with the responsibility of minting coins and printing notes, is the Government of Gibraltar. The most popular Gibraltar Pound exchange rate is the EUR to GIP rate.
5. British Pound (GBP)- Fifth Highest Currency Value in the World
The pound sterling (£)GBP, commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The most popular United Kingdom Pound exchange rate is the EUR to GBP rate. Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.
4: Jordanian Dinar- JOD
The Jordanian dinar is the currency of Jordan. West Bank used Jordanian Donar and the Israeli shekel as well. The most popular Jordan Dinar exchange rate is the JOD to EUR rate.
3. Omani Rial (OMR)- Third Highest Currency Value in the world
The rial or OMR is the currency of Oman. Before 1940, Oman used INR as its official currency and this is why the most popular Rial exchange rate is INR to OMR Rate.
2. Bahraini Dinar (BHD) – Second Highest Currency Value in the world
The dinar or BHD is the currency of Bahrain.The most popular Bahrain Dinar exchange rate is the INR to BHD rate. The currency code for Dinars is BHD, and the currency symbol is BD. Indians are the largest expat group in Bahrain and that explains the reason for INR to BHD popularity. Bahrain attracts expats from all over the globe because of the highest currency value.
1. Kuwaiti Dinar (KWD)- Highest Currency Value in the World
The highest currency of the world is none other than Kuwaiti Dinar or KWD. The currency code for Dinars is KWD. The most popular Kuwait Dinar exchange rate is the INR to KWD rate. Indian expat community is very strong in Kuwait, hence the reason for being a popular currency pair. Kuwaiti Dinar has been the highest currency of the world for a while now because of the oil rich country’s economic stability.