The United Nations officially recognises 180 currencies worldwide as legal tender.
However, popularity and wide usage do not necessarily equate to the value or strength commanded by a currency.
The concept of currency strength revolves around the purchasing power of a nation’s currency when exchanged for goods, services, or other currencies.
Currency strength is determined by evaluating the number of goods and services which can be purchased with one unit of the national currency and the amount of foreign currency obtained in exchange.
A comprehensive analysis of various local and international factors is necessary to ascertain whether a currency holds the title of the most valuable or expensive in the world.
These factors include supply and demand dynamics in the foreign exchange markets, inflation rates, domestic economic growth, the policies implemented by the relevant central bank, and the country’s overall economic stability.
In this blog, we will shine a spotlight on the ten strongest currencies in the world, revealing the factors that contribute to their prominence.
Top 10 strongest currencies in the world
| Currency & Symbol | Value In Rs | Value in USD |
|---|---|---|
| #1 Kuwaiti Dinar (KWD) | 270.15 | 3.25 |
| #2 Bahraini Dinar (BHD) | 220.53 | 2.65 |
| #3 Omani Rial (OMR) | 215.94 | 2.60 |
| #4 Jordanian Dinar (JOD) | 117.19 | 1.41 |
| #5 Gibraltar Pound (GIP) | 105.53 | 1.27 |
| #6 British Pound (GBP) | 105.52 | 1.27 |
| #7 Cayman Island Dollar (KYD) | 99.91 | 1.20 |
| #8 Swiss Franc (CHF) | 96.43 | 1.16 |
| #9 Euro (EUR) | 89.91 | 1.08 |
| #10 United States Dollar (USD) | 83.13 |
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