Top 14 Highest Currencies in the World
Exploring the list of highest currency in the world list? Most of us think that the US Dollar or British Pound or Euro are the most powerful and highly traded global currencies. But that isn’t true at all.
The above mentioned are not the only strongest currencies. In global markets, strongest currency is decided on the basis of its high value against the native currencies. In this list US Dollar may not be the highest currency in the world but the matter of the fact is that it is most traded and strongest currency considered globally.
Highest Currencies in the World 2020-2021
The list of strongest currency in the world that we have mentioned here is tentative and randomly assorted. The list is unverified and some exchange values mentioned here may also be changed meanwhile. We highly recommend not to trade on the basis of the exchange rates shown here.
Our highest currency in the world list starts with the US Dollar. This is the most valuable currency used in the United States of America. The currency is popular and most accepted for global trade worldwide. USD to EUR rate is currently the most popular exchange rate. The US Dollar is unarguably the most traded currency in the world. Currently 1USD is exchanged at the rate of 73.65 Indian rupee.
The NZD (New Zealand dollar) is our second currency known for highest currency value in the world. The currency is growing upwards in terms of strength and its global trading capabilities. Country’s political stability and constant growth in its GDP collectively contribute to currency’s overall appreciation. Currently 1 US dollar is valued at 1.52 New Zealand dollars.
The Australian dollar (AUD) is the next currency in our globally acclaimed and traded currency list. This is the Australia’s national currency and also used in some adjacent pacific island states too. The AUD is not as powerful as USD, yet it’s most valuable and stable currencies on global trading list. The Australian dollar is considered as the 5th most traded currency on the forex market and for 1 USD you can get 1.45 Australian dollars.
The Singapore dollar (SGD) is officially accepted currency of Singapore and Brunei. For 1 US dollar you can buy 1.36 Singaporean dollars. This is quite expensive in the list of highest currencies in the world and recognized as the 13th most traded currency on the foreign exchange market.
Euro or EUR has recently made to the list of Global currencies. Euro is the official currency of nineteen countries including Germany, France and Spain. The currency is also known as world’s second reserve currency. After USD, the Australian dollar is recognized as the second most traded currency on the foreign exchange market.
Next in the list is The Great British pound, the pound sterling or the GBP. This is another top ranking and valuable currency in the world. Though not the strongest the currency is considered the oldest currency still in circulation. After those we picked above, the currency is another most traded currency globally. It accounts for for around 12.8% of daily trades. For one US dollar, you will receive around 0.75 Great British pounds.
7. Jordan Dinar
Jordan Dinar is the national currency of Jordan. This is also called Jordanian dinar or JOD. In the Forex market the currency is rated as the 4th strongest currency. After wiping out Palestinian pound from the trade it became Jordan’s official currency in 1950. You can buy 0.71 Jordanian Dinar by paying 1 US dollar. It clearly says the power of Jordan Dinar.
8. Omani Rial
This is the official currency of Oman. Omani rial or OMR is split into 1000 smaller divisions known as baisa. After induction this currency saw steady growth in its demand. Thanks to the massive success of Oman’s oil exports and its growing value against the US dollar. For one single US dollar you can get 0.38 Omani Rial.
Bahrain dinar or BHD is the second strongest currency in the world. To make the transitions and trading easy, the currency is divided into 1000 smaller currency units called ‘fils’. The only downside of the currency is that it is only used in Bahrain. When converted, 1 US dollar is valued at 0.38 Bahraini Dinar.
10. Kuwaiti Dinar
Kuwaiti Dinar is the most expensive currency in the world as of now. The currency was introduced in 1960 and in its infancy it was equivalent to one pound sterling. Kuwait is a country situated between Iraq and Saudi Arabia. The country is a renowned exporter of crude oil. When it comes to trade, you can get 0.30 Kuwait Dinar after exchanging 1 US dollar. It proves that the Kuwaiti dinar is the world’s highest-valued currency.
11. Canadian Dollar
As name implies the Canadian dollar is official and highest value currency of Canada. This is both stronger and popular if compared to some of the currencies we discussed above. This is quite popular among the traders when it comes to foreign trading. The currency accounts for around 5% of daily trades global stock exchanges. For 1 US dollar you can purchase around 1.31 Canadian dollars.
12. Swiss Franc
In the list of currencies with the highest currency value in the world, the Swiss franc is the next. It’s official and national currency of both Switzerland and Liechtenstein. You can trade 1 US dollar with 0.98 Swiss Franc. The main reason behind currency’s power is Switzerland’s stable and growth oriented economy. If compared to other currencies in the list, Swiss franc is seventh most traded currency globally.
13. Gibraltar Pound
The Gibraltar pound, also known as GIP is the national currency of Gibraltar. You can exchange the currency with the British pound sterling at face value. If you are in Gibraltar you can use both GIB and GBP. You have to spend one US dollar to purchase 0.81 Gibraltar pounds. The exchange value is quite similar to the pound sterling.
14. Libyan Dinar
Libyan Dinar is the national currency of Libya. It’s also known as LYD. A single dinar can be subdivided into 1000 dirham. By spending one dollar you can buy 1.41 Libyan Dinar. This is indeed very strong currency and used as at its face value in global trading.