TOP 10 most expensive world currencies in 2017
What do you think about the strongest currency today?
Personally, I considered British Pound to be the strongest one, but, as it appeared, I was wrong.
Especially, for blog readers, I compiled the list of the strongest world currencies (Dated 19 Jan 2016).
By the way, we also have TOP 10 of the weakest world currencies.
No.1 – Kuwait Dinar
↓ You can hover the image
Kuwait Dinar is the strongest world currency versus US Dollar.
Kuwait is the small country with enormous wealth. High value (rate) of its currency is explained by significant oil goods exports into the global market.
Currency code – KWD
1 KWD = 3.28 USD
No.2 – Bahrain Dinar
Bahrain Dinar is of the second world value.
Bahrain is the Persian Gulf island state with population of a little more than 1 million people. As in the first case, this country main income is the black gold exports.
It is interesting that Bahrain Dinar is bound to US Dollar exchange rate, and its rate versus US Dollar stays the same for 14 years already.
Currency code – BHD
1 BHD = 2.65 USD
No.3 – Oman Rial
Oman is the Arabian Peninsula country. According to its strategic location, it obtains developed economy and high life quality.
Oman Rial is also bound to US Dollar as Bahrain Dinar.
It is considerable that purchase power of this currency is so high that the government has to issue ¼ and ½ Rial paper banknotes. On the picture above, you can see ½ Rial (Half Rial).
Currency code – OMR
1 OMR = 2.59 USD
No.4 – Jordan Dinar
It is hard to explain high value of Jordan Dinar. This country is not economically developed and it lacks essential resources, such as oil. Never the less, one Jordan Dinar costs 1.41 US Dollar, what makes it one of 10 strongest world currencies.
Currency code – JOD
1 JOD = 1.41 USD
No.5 – British Pound
Most people think that British Pound is the strongest world currency, but it is on the 4th place in this list.
By the way, British Colonies issue its own banknotes, which visually differs from banknotes issued by the Bank of England, but they are rated as 1 per 1.
Therefore, there are several of them: Scottish, North Ireland, Manx, Jersey, Guernsey, Gibraltar Pounds, as well as St. Elena Island Pound and Folkland Islands Pound.
Amusingly, but native Britain do not always want to accept “other” Pounds as a payment.
Currency code – GBP
1 GBP = 1.41 USD
No.6 – Cayman Islands Dollar
Cayman Islands is one of the best tax world havens. These islands provided authority for hundreds of banks, hedge funds and insurance companies.
Especially, thanks to its leadership among tax havens, Cayman Islands Dollar costs near 1.22 US Dollar.
Currency code – KYD
1 KYD = 1.22 USD
No.7 – European Euro (Euro Dollar)
Even considering the fact that Euro lost near 20% of its rate last year, it is still one of the strongest world currency. Partially, its strength is explained by the fact that it is the official world currency in European countries among which you will find several economically developed countries.
Besides, Euro is the second reserve world currency enveloping 22.2% of all world savings (US Dollar has 62.3%).
Currency Code – EUR
1 EUR = 1.09 USD
No.8 – US Dollar
Owing to USA world economic leadership, its currency achieved such a title as “World Reserve Currency”. In other words, you can make dollar payments everywhere (in any country).
Currency code – USD
1 USD = 1.00 USD
No.9 – Swiss Franc
Switzerland is not only one of the richest country in the world, but it is also one of the most stable. Its bank system is known for its resolute “Bank Secrecy”.
Besides, its high-tech goods are estimated all around the globe.
Pay attention looking at original view of this banknote. This is the only banknote I saw which has the vertical view.
Currency code – CHF
1 CHF = 0.99 USD
No.10 – Libyan Dinar
Libyan Dinar ousted Azerbaijani manat from the 10th place of this list.
Libyan Dinar has token money called Dirham. It is interesting that one Dinar is equal 1000 Dirham, and not 100 as we all used to think.
Currency code – LYD
1 LUD = 0.74 USD
Out of TEN
It was a surprise to see Azerbaijani manat in this list. However, the currency of this Near East country is a little bit weaker than US Dollar.
The economy of this country is surprisingly strong, and its unemployment rate is low, even if you thought another way.
Currency code – AZN
1 AZN = 0.62 USD
Please note, that the strongest currency does not always mean the most powerful economy.
In addition, I learned that it is not allowed to use banknotes without the “SPECIMEN” title. So follow the law, my friends!