In our today topic we are going to discuss on the topic “the highest currency in the world”
Firstly what is currency?
A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins. in other words currency is the legally accepted note or coin use as a medium of ex-change in a country or in a State.
All countries across the world has their own accepted currency which is use for goods ex_change and purchases.
Why do you care about the highest currenies in the world?
If you love traveling or if you are planning to settle abroad or planning to take that most coveted educational course over there or if you are going there for investment or planning a business trip; you need to know about the highest currencies in the world to help you in multiple scenarios, most importantly forex currency exchange while traveling overseas.
While traveling abroad, if you are aware of the highest currency in the world you can easily get your local currency converted to the one which has the highest global value and then get it exchanged to the local currency of that country where you are traveling to. Knowing about the most profitable exchange rate in the world will take away all your financial worries.
The highest currencies in the world
Different currencies all over the world have different exchange value. One of the factors that affect the value of a currency is the economic development of a country. currency value is not constant, but keeps changing with time.
To help you get a better sense about the highest currency values in the world, we have curated a list of highest currencies in the world . You can compare these currencies to the currency exchange rate of your country to make a better sense.
1 Kuwait Dinar – (1 KWD = 3.29 USD)
Kuwaiti Dinar is the world’s strongest currency and has the highest currency value. KWD is the foreign exchange (FX) symbol for the Kuwaiti dinar, the currency for the Middle East nation of Kuwait (an oil-rich country). INR to KWD is the most widely used exchange for the Kuwait Dinar. For every single Kuwaiti Dinar you’ll get around N1200.00
The country has a population of over 4 million people, and it continues to attract more immigrants due to its economic stability and tax exemptions. The secret of the country’s wealth and prosperity lies in oil. It holds 8% of global oil reserves. The Kuwaiti Dinar started circulating in Kuwait in 1961 and since then, its value has continued to increased.
2 Bahraini Dinar – (1 BHD = 2.65 USD)
Bahraini Dinar is the currency of Bahrain. The Bahraini Dinar is the second most valuable currency in the world. It is the official currency used in Bahrain. One Bahraini Dinar currently equals around 965.354 NGN. In 1965, the Bahraini Dinar began circulating and replacing the Persian Gulf Rupee, which was the official money used in Bahrain.
3 Omani Rial – (1 OMR = 2.60 USD)
The currency of Oman is Omani Rial. Most widespread Rial exchange rate is OMR To NGN Rate. The exchange code for Rials is OMR. For every exchanged Omani Rial you receivea bout944.014 NGN.
4 Jordanian Dinar – (1 JOD = 1.41 USD)
It is the currency of Jordan. Jordanian Dinar is an oil-rich middle-eastern country. The exchange code for Dinars is JOD. The currently costs about 511.951 NGN. It started its circulation in Jordan back in 1949 and subsequently replaced the Palestinian Pound. The banknote has a beautiful design that makes it outstanding. The banknote also has inscriptions in Arabic and English.
5 Great Britain Pound – (1 GBP = 1.26 USD)
The British Pound, no strange for anyone, is the currency of the United Kingdom. The most common UK Pound exchange rate is the GBP to EUR rate. One British Pound currently costs approximately 470.595 NGN.
The British Pound is one of the oldest and popular currencies in the world and is often used in international trade operations. It actively circulates in the UK and Northern Ireland.
6 Gibraltar Pound – (1 GIP = 1.23 USD)
The currency of Gibraltar is the Gibraltar Pound. The most common Gibraltar Pound exchange rate is the GIP to EUR rate. The exchange code for Pounds is GIP. It was introduced in 1927 and has stormed into the list of the highest currencies in the world. One Gibraltar Pound costs approximately 470.589 NGN.
7 Caymanian Dollar – (1 KYD = 1.20 USD)
This is the currency of Cayman Islands. The most prevalent Cayman Islands Dollar exchange rate is the KYD to USD rate. One Cayman Islands Dollar currently costs 442.651 NGN. The country has the highest living standard in the Caribbean. The money has denominations of 1, 5, 10, 25, 50 and 100 dollars.
8 Euro – (1 EURO = 1.10 USD)
Euro is the primary currency of the European Union. European Union’s currency Euro which is used in 26 European nations. One EURO TO NIGERIA NAIRA is equal to 400.00NGN.
9 Swiss Franc– (1 CHF = 1.01 USD)
The Swiss Franc is the official money used in Switzerland and Liechtenstein. The most prevalent Switzerland Franc exchange rate is the CHF to EUR rate. One Swiss Franc is equal to 371.226 NGN currently. Switzerland is one of the world’s wealthiest nations.
10 US Dollar
The US Dollar is the currency of the United States. Most powerful and popular currency. One USD is approximately 362.973 NGN.
Summary of the highest currencies in the world.
From the above list if you have the ambition to travel or to do ant international business, I guess it will be easier for you to take a decision of how to change your money to the strongest currency.
For easier understanding here is the summary below:
Here’s a quick recap of the 10 strongest currencies in the world:
- Kuwaiti Dinar – (1 KWD = 3.29 USD)
- Bahraini Dinar – (1 BHD = 2.65 USD)
- Omani Rial – (1 OMR = 2.60 USD)
- Jordanian Dinar – (1 JOD = 1.41 USD)
- Pound Stirling – (1 GBP = 1.26 USD)
- Gibraltar Pound – (1 GIP = 1.23 USD)
- Cayman Islands Dollar – (1 KYD = 1.20 USD)
- Euro – (1 EURO = 1.10 USD)
- Swiss Franc – (1 CHF = 1.01 USD)
- US Dollar