S. OlawaleThe strongest currencies in the world are those of the countries with some of the best managed economies. Economists have often restated that currency strength rises and wanes with demand and supply.
Demand itself is often tied to commodities such as oil, gold, copper and iron; which begs the question of why the highest currencies are not the most traded in the world. The most traded currencies in the world have seen some variable decrease in strength over the last few years, while these currencies continue to increase in value.
Even the most precious commodities have become increasingly less precious over the last few years, leading to uncertainty about the currencies to which they are pegged.
Top 100 Highest Currencies In The World
1. Kuwaiti Dinar (KWD)
Exchange Rate: 1 KWD = 3.25 USD
The Kuwaiti Dinar is the currency of Kuwait; which is a strong, but oil dependent economy. Kuwait has extensive oil reserves, and produces around 2 million barrels of oil per day. The country also has a small population; there are about 4.6 million people in the country.
Kuwait is therefore a rich country; the government holdings are valued at around $700 billion in assets. Some of the assets are located in Europe and America.
The Kuwaiti Dinar presently exchanges for 3.25 USD to one KWD. That represents a slight decrease; the price has gone down from around 3.30 USD in the previous year.
2. Bahraini Dinar (BHD)
Exchange Rate: 1 BHD = 2.65 USD
The Bahraini Dinar is the currency of Bahrain. Dinar is taken from Denarius; which was the currency of Ancient Rome. But Bahrain is not in Europe; it is in Western Asia. The country is an island country with around 1.4 million people.
That small population, combined with enormous oil reserves, makes Bahrain one of the wealthiest countries in the Gulf area. Oil is the country’s major export, but the country has also made good use of the money earned from oil sales over the years.
Bahraini Dinar exchanges for 2.65 USD, which is slightly lower than where it was a year ago.
3. Omani Rial (OMR)
Exchange Rate: 1 OMR = 2.60 USD
The Omani Rial is the Currency of Oman; a country in Western Asia. Oman was once an empire; its power and influence spread as far as Iran, Pakistan, and Zanzibar. The Omani Empire was therefore a contemporary of both the British and the Portuguese.
Today Oman is a country of around 4.5 million people, led by an absolute monarch; the Sultan.
The Sultan oversees everything; but the economy is in very good hands. Oman is dependent on oil, but it also has very good fishing resources in the coastal areas; which explains why the economy is very stable.
4. Jordanian Dinar (JOD)
Exchange Rate: 1 JOD = 1.41 USD
The Jordanian Dinar (JOD) is the currency of Jordan; another country in western Asia. This is a very important country in terms of culture and history; it has been the site of several civilizations in ancient times. Today, Jordan is a country with a population of around 11.4 million.
The economy is driven by oil in a similar fashion as other countries in the region; although it also has agriculture, fishing, and tourism as alternate sources of income and employment.
Jordan is quite a wealthy country; it has a more balanced economy than most other countries in the region.
The Jordanian Dinar (JOD) currently exchanges for 1 JOD = 1.41 USD; the currency has increased slightly in strength; showing that it may continue to do so in the future.
5. Great British Pound (GBP)
Exchange Rate: 1 GBP = 1.26 USD
The Great British Pound, also known as the Pound Sterling is the currency of Great Britain. Great Britain is one of the world’s most powerful countries; some of its former colonies include the United States, Canada, and Australia.
Britain has a population of around 67 million, and an economy that is powered by manufacturing, oil, agriculture, and several other sectors. Great Britain is a very well diversified economy, and the people live a high quality of life.
The GBP exchanges for 1 GBP = 1.26 USD; which is a marked decrease in value from 1.31 USD where it stood as at early 2023.
6. Cayman Islands Dollar (KYD)
Exchange Rate: 1 KYD = 1.20 USD
The Cayman Islands is an island country in the Caribbean; it is a British overseas territory, but one that is self-governing. Its population is around 81,500, and that includes immigrants from 140 countries.
The Cayman Islands’ major economic advantage is that it is one of the world’s most important offshore financial havens; its financial system is therefore its oil. The Cayman Islands’ banks hold money for wealthy individuals, and a lot of money also passes through the country.
Other sectors and industries are built around the banking sector.
The Cayman Islands Dollar currently exchanges for 1 KYD = 1.20 USD; but its value is pegged to the British Pound.
7. Euro (EUR)
Exchange Rate: 1 EUR = 1.08 USD
The Euro is the currency of Europe; or at least of those countries in the Eurozone. It is used by 20 countries, including Germany, France, Spain, and Italy.
Europe as an economic zone is bustling; manufacturing, agriculture, tourism, and air-travel are just some of the industries that that boost the economy of the continent. They have very strong brands that dominate the world markets for their various products.
The Euro exchanges for 1 EUR = 1.08 USD. This is a slight decrease in value; the Euro has exchanged for a higher rate within the last 12 months.
8. Swiss Franc (CHF)
Exchange Rate: 1 CHF = 1.08 USD
The Swiss Franc (CHF) is the currency of Switzerland; a country at the crossroads of Western and Eastern Europe. Switzerland is a very important country; it has 9 million inhabitants, and a remarkable culture. Even more remarkable is the fact that the country is a symbol of peace and stability- famously neutral in war.
Switzerland is an important hub of science and technology; pharmaceuticals, machinery, software, watches, and so on. The country also has a famous banking system; Swiss Banks are the favorite places for extremely wealthy people to store their wealth.
9. US Dollar (USD)
Exchange Rate: 1 USD = 1 USD
The United States is the most powerful country in the world. It is the place where most people of the world want to live. It has a population of around 300 million, and that population continues to rise with immigration.
The U.S economy is driven by manufacturing; 136 of the world’s 500 biggest companies are headquartered there. Food processing, auto manufacturing, restaurants, hotels, technology, pharmaceuticals, and so on.
10. Canadian Dollar (CAD)
Exchange Rate: 1 CAD = 0.74 USD
Canadian dollar almost sounds like US dollar; both countries are neighbors, and were sired by Britain. Canada retains good social and economic relations with Britain. The country is one of the largest in the world by land area; it measures 9,984,670 km2. By contrast, it has a relatively small population of around 40 million.
The Canadian economy is boosted by agriculture, oil, mining, manufacturing, services, and so on. This is a very well diversified economy; one that is well managed to stand the test of time.
The Canadian dollar presently trades at 1 CAD = 0.74 USD. That is neutral; it is roughly the same rate as it was trading 12 months ago.
11. Bruneian Dollar
Exchange Rate: BND 1=0.74USD
The Bruneian Dollar is the currency of Brunei, a country in Asia. It is quite a small country; located on an island. The population is just 460,000. However the country used to be a huge empire; ruling most of Borneo, and establishing colonies in other places. It was part of the ancient Maritime Jade Road; which is central to the history and culture of the region.
Today, it is part of another road; the Oil Road. Brunei’s economy is primarily driven by oil; oil and gas account for more than 90% of the country’s revenue. Nevertheless, Brunei is the second most developed country in southeast Asia- it is only behind Singapore.
12. Australian Dollar
Exchange Rate: 1AUD=0.65 USD
The Australian Dollar is the currency of Australia; a giant country in Oceania. Australia has a land area of 7,692,024km2. However, the country has been described as having the driest and least fertile inhabited country.
That has not hindered the economy; Australia has a high income economy, with energy, science and technology, retail trade, mining, and tourism being some of its leading sectors.
The Australian dollar currently exchanges for 1AUD=0.65 USD. That figure indicates a slight downturn; the Australian dollar has lost some value in the past 12 months.
13. New Zealand Dollar
Exchange Rate: 1NZD to 0.62 USD
The New Zealand Dollar is the currency of New Zealand- a country in Oceania, with very close cultural and economic ties to Australia. New Zealand has a population of 5.2 million people, and a land area of 268,021km2.
The land itself is surrounded by water, but that does not stop New Zealand from being an important economic center. The country’s economy is driven by trade; with some of the most important commodities being wool, milk, wine, fruits, and meat.
The New Zealand dollar currently exchanges for 1NZD to 0.62 USD.
14. Azerbaijani Manat
Exchange Rate: 1USD = 0.59USD
Azerbaijani Manat is the currency of Azerbaijan; a small country in Eastern Europe. The country is a former part of the Soviet Union. Azerbaijan has a population of about 10.3 million, and a land area of around 86,600 km2.
The country is important chiefly because of tourism; in fact the Azerbaijani Manat is one of the strongest currencies in the world because of tourism. The country also has rich energy resources, and also very good food production and agriculture.
The Azerbaijani Manat exchanges for 1USD = 0.59USD.
15. Aruban Florin
Exchange Rate: 1 Aruban Florin = 0.55 USD
The Aruban Florin is the currency of Aruba, a small island country located in the South Caribbean Sea. The country is actually a part of the Kingdom of the Netherlands. The country has a population of about 106,703, while the land area is measured at 180KM2.
Aruba’s economy is driven by tourism, oil, plant products, and offshore banking. The country has a lot of potential in other industries, which when developed will see the country’s economy grow even further.
The Aruban Florin currently exchanges for 1 Aruban Florin = 0.55 USD.
16. Belizean Dollar
Exchange Rate: 1BZD= 0.55USD
The Belizean Dollar is the currency of Belize; a small country in Central America. Belize is a part of the Commonwealth; King Charles III of England is the Monarch and Head of State. Belize has a population of about 441,471 people living in an area of 22,966 km2.
The economy of Belize is driven by agriculture, tourism, and retail. Oil, construction, and services are also important industries.
The Belizean Dollar currently exchanges for 1BZD= 0.55USD; that is a slight drop in value from its figure 12 months ago.
17. Bulgarian Lev
Exchange Rate: 1BGN= 0.55USD
The Bulgarian Lev is the currency of Bulgaria, a country in Eastern Europe. Bulgaria is an interesting country from a cultural perspective; it has Greek, Persian, ottoman and roman influences. The country has a population 6.4 million, living in a land area of 110,993.6 km2.
The economy of Bulgaria is boosted by agriculture, electronics manufacturing, science and technology, and other sectors.
The Bulgarian Lev currently exchanges for 1BGN= 0.55USD. This is a slight drop in value compared to the figures as at 12 months ago.
18. Fijian Dollar
Exchange Rate: 1FJD= 0.45USD
The Fijian Dollar is the currency of Fiji; an island country in Oceania. Fiji is a visitor’s paradise; an island that is blessed with natural beauty and very happy people. The people number around 926,000, and they live in an area of 18,274 km2.
The country’s economy is driven by agriculture, tourism, good processing, and manufacturing. The economy is quite diversified; and there is plenty of room for growth in the near future.
19. Georgian Lari
Exchange rate: 1GEL to 0.38USD
The Georgian Lari is the currency of Georgia which is a country in Eastern Europe. This was formerly a part of the Soviet Union; and is quite a culturally diverse country. The population of Georgia stands at 3.6 million, while the land area is 69700KM2.
The economy of Georgia is driven by agriculture, trade, mining, and tourism. The Georgian Lari currently exchanges at 1GEL to 0.38USD
20. Singapore Dollar
Exchange Rate: SGD 1.34-1 USD
The Singapore Dollar is the currency of Singapore; a small city state in Asia. Despite its location in Asia, Singapore is a place of great racial and cultural diversity. It is a very liberal place, and also a very well organized society.
The country’s population is 5.9 million, and the country is quite densely populated because it is very small. Nevertheless, it is one of the richest countries in the world, and that purchasing power has led to an increase in the value of its currency.
The following is a more extensive presentation of the top 100 highest currencies in the world.
| Position | Currency | Country | Exchange Rate |
| 1 | Kuwaiti Dinar | Kuwait | 1 KWD = 3.25 USD |
| 2 | Bahraini Dinar | Bahrain | 1 BHD = 2.65 USD |
| 3 | Oman Rial OMR | Oman | 1 OMR = 2.60 USD |
| 4 | Jordanian Dinar (JOD) | Jordan | 1 JOD = 1.41 USD |
| 5 | Great British Pound (GBP) | Britain | 1 GBP = 1.26 USD |
| 6 | Cayman Islands Dollar (KYD) | Cayman Islands | 1 KYD = 1.20 USD |
| 7 | Euro (EUR) | Austria, Belgium
Croatia, Cyprus Estonia, Finland France, Germany Greece, Ireland Italy, Latvia, Lithuania, Luxembourg, Netherlands, Portugal, Slovakia Slovenia, Spain, Malta |
1 EUR = 1.08 USD |
| 8 | Swiss Franc (CHF) | Switzerland | 1 CHF = 1.08 USD |
| 9 | US Dollar (USD) | USA | 1 USD = 1 USD |
| 10 | Canadian Dollar (CAD) | Canada | 1 CAD = 0.74 USD |
| 11 | Bruneian Dollar (BND) | Brunei | BND 1=0.74USD |
| 12 | Australian Dollar (AUD) | Australia | 1AUD=0.65 USD |
| 13 | New Zealand Dollar (NZD) | New Zealand | 1NZD to 0.62 USD |
| 14 | Azerbaijani Manat (AZN) | Azerbaijan | 1USD = 0.59USD |
| 15 | Aruban Florin (AWG) | Aruba | 1 AWG = 0.55 USD |
| 16 | Belizean Dollar (BZD) | Belize | 1BZD= 0.55USD |
| 17 | Bulgarian Lev (BGN) | Bulgaria | 1BGN= 0.55USD |
| 18 | Fijian Dollar (FJD) | Fiji | 1FJD= 0.45USD |
| 19 | Georgian Lari (GEL) | Georgia | 1GEL to 0.38USD |
| 20 | Singapore Dollar (SGD) | Singapore | SGD 1.34-1 USD |
| 21 | Tongan pa’anga (TOP) | Tonga | TOP 2.43-1 USD |
| 22 | Samoan Tala (WST) | Samoa | WST2.80-1USD |
| 23 | Caribbean Dollar (XCD) | Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines | XCD2.70-1USD |
| 24 | Lithuanian Litas (LTL) | Lithuania | LTL 3.0245-1USD |
| 25 | Papua New Guinean Kina (PGK) | Papua New Guinea | PGK3.52-1USD |
| 26 | Peruvian Sol (PEN) | Peru | PEN3.95-1USD |
| 27 | Qatari Rial (QAR) | Qatar | QAR3.64-1USD |
| 28 | Saudi Riyal SAR | Saudi Arabia | SAR 3.75-1USD |
| 29 | Tunisian Dinar (TND) | Tunisia | TND3.21-USD |
| 30 | Romanian Leu (RON) | Romania | RON 4.89-USD |
| 31 | Polish Zloty (PLN) | Poland | PLN 4.68-USD |
| 32 | Malaysian Ringgit (MYR) | Malaysia | MYR 4.75-USD |
| 33 | Libyan Dinar (LYD) | Libya | LYD 4.95-USD |
| 34 | New Israeli Shekel (ILS) | Israel | ILS 3.55-USD |
| 35 | Emirati dirham (AED) | UAE | AED 3.67-1USD |
| 36 | New Turkish Lira (TRY) | Turkey | TRY 5.375-1USD |
| 37 | Brazilian Real (BRL) | Brazil | BRL5.12-1USD |
| 38 | Trinidad and Tobago dollar (TTD) | Trinidad and Tobago | TTD 6.68-1USD |
| 39 | Bolivian boliviano (BOB) | Bolivia | BOB 6.80-1USD |
| 40 | Danish krone (DKK) | Denmark, Faroe Islands, Greenland | DKK6.92=1USD |
| 41 | Renminbi (CNY) | China, People’s Republic of | CNY7.19=1USD |
| 42 | Guatemalan quetzal (GTQ) | Guatemala | GTQ 7.70- 1 USD |
| 43 | Hong Kong dollar (HKD) | Hong Kong | HKD 7.85- 1USD |
| 44 | Croatian Kuna (HRK) | Croatia | HRK 7.54-1USD |
| 45 | Macau Pataca (MOP) | Macau | MOP 8.09- 1USD |
| 46 | Solomon Islands dollar (SBD) | Solomon Islands | SBD 8.21-USD |
| 47 | Salvadoran Colon, (SVC) | El Salvador | SVC 8.75-USD |
| 48 | Norwegian Krone (NOK) | Norway, Svalbard | NOK 10.25-1USD |
| 49 | Moroccan Dirham (MAD) | Morocco, Western Sahara | MAD 10.93-1USD |
| 50 | Swedish Krona (SEK) | Sweden | SEK 10.86-1USD |
| 51 | Tajik Somoni (TJS) | Tajikistan | TJS 10.05-1USD |
| 52 | Botswana Pula (BWP) | Botswana | BWP13.23-1USD |
| 53 | Ghanaian Cedi (GHS) | Ghana | GHS14.06-1USD |
| 54 | Estonian kroon (EEK) | Estonia | EEK14.2802-1USD |
| 55 | Eritrean Nakfa (ERN) | Eritrea | ERN 15.00-1USD |
| 56 | Maldivian Rufiyaa (MVR) | Maldives | MVR 15.38-1USD |
| 57 | Seychellois Rupee (SCR) | Seychelles | SCR14.35-1USD |
| 58 | South African rand | South Africa, Namibia, Lesotho, Swaziland | ZAR17.75-1USD |
| 59 | Namibian Dollar | Namibia | NAD17.75-1USD |
| 60 | Mexican peso (MXN) | Mexico | MXN 19.47-1USD |
| 61 | Moldovan leu (MDL) | Moldova | MDL 19.06-1USD |
| 62 | Honduran lempira (HNL) | Honduras | HNL 24.34- 1USD |
| 63 | Egyptian pound (EGP) | Egypt | EGP 24.32-1USD |
| 64 | Czech Republic Koruna (CZK) | Czech Republic | CZK 24.32-1USD |
| 65 | Slovak koruna (SKK) | Koruna | SKK 26.39-1USD |
| 66 | Surinamese dollar (SRD) | Suriname | SRD29.71-1USD |
| 67 | Nicaraguan córdoba (NIO) | Nicaragua | NIO35.45-1USD |
| 68 | Ukrainian hryvnia ( UAH) | Ukraine | UAH36.76-1USD |
| 69 | Thai baht THB | Thailand | THB 37.36-1USD |
| 70 | Uruguayan peso (UYU) | Uruguay | UYU 39.89-1 USD |
| 71 | Ethiopian birr (ETB) | Ethiopia | ETB 52.91- 1USD |
| 72 | Philippine peso (PHP) | Philippine | PHP 58.40-1USD |
| 73 | Macedonian denar (MKD) | North Macedonia | MKD 61.81-1USD |
| 74 | Gambian dalasi (GMD) | The Gambia | GMD 61.01=1USD |
| 75 | Mozambique metical (MZN) | Mozambique | MZN63.50=1USD |
| 76 | Indian rupee (INR) | India | INR 81.93=1USD |
| 77 | Kyrgyzstani som (KGS) | Kyrgyzstan | KGS 84.00- 1 USD |
| 78 | Russian ruble (RUR) | Russia | RUB91.38=1USD |
| 79 | Icelandic króna (ISK) | Iceland | ISK 146.04- 1 USD |
| 80 | Serbian dinar (RSD) | Serbia and Montenegro | RSD 117.29- 1 USD |
| 81 | Japanese yen (JPY) | Japan | JPY149.28-1USD |
| 82 | Kenyan shilling (KES) | Kenya | 1USD=159.59KES |
| 83 | Haitian Gourde (HTG) | Haiti | HTG 129.03- 1 USD |
| 84 | Algerian Dinar (DZD) | Algeria | DZD 140.29- 1 USD |
| 85 | Liberian Dollar (LRD) | Liberia | LRD 153.73- 1 USD |
| 86 | Jamaican Dollar (JMD) | Jamaica | JMD 151.59- 1 USD |
| 87 | Djiboutian franc (DJF) | Djibouti | DJF 177.78- 1 USD |
| 88 | Guyanese dollar (GYD) | Guyana | GYD 205.69 – 1 USD |
| 89 | Pakistani rupee (PKR) | Pakistan | PKR 221.50- 1 USD |
| 90 | Zimbabwean Dollar (ZWL) | Zimbabwe | USD1=322ZWL |
| 91 | Sri Lankan rupee (LKR) | Sri Lanka | LKR 364.50 – 1 USD |
| 92 | Hungarian forint (HUF) | Hungary | HUF 400.21- 1USD |
| 93 | Comorian franc (KOF) | Comoros | KOF430.94 – 1 USD |
| 94 | Kazakh tenge (KZT) | Kazakhstan | KZT 464.05- 1 USD |
| 95 | North Korean Won (KPW) | North Korea | KPW 899.98- 1 USD |
| 96 | Malawian Kwacha (MWK) | Malawi | MWK1,011.6- 1 USD |
| 97 | Rwandan Franc (RWF) | Rwanda | RWF1,050.75- 1 USD |
| 98 | Nigerian Naira (NGN) | Nigeria | NGN1,400-1 USD |
| 99 | Myanmar Kyat (MMF) | Myanmar | MMF1,531.78- 1 USD |
| 100 | Ugandan Shillings | Uganda | UGX3,741=1USD |
Closing
The top currencies in the world belong to the top economies in the world. A country’s currency is a great metric by which the state of health of an economy may be determined. However, special consideration must be made for those countries that are heavily reliant on one particular industry or commodity.
In such cases it may be a matter of time before the reset occurs, and the currencies find themselves at the bottom. Whatever the case, this shows the order of importance of currencies.
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Your graphic says #6 = Sierra Leonean Leone.
Almost not a currency, almost worthless.
In the article you correctly change it to Gibraltar Pound.
Thanks for the correction, It was an error. Corrected
what indian curency up
1 Peruvian Sol = $ 0.30