THE TOP 10 CURRENCIES IN THE WORLD
Here are the countdown of 10 heaviest and important currencies in the world.
We all known as the US dollar and the Euro are the most used currencies in the world but there are also other currencies which are heavier and also important than these two.
Let's see the heavy currencies which has more value.
10: Canadian Dollar (CAD)
Conversion Rate: 0.27 USD
Canada has a unique currency which is also important in the economy all thanks to the country's oil and uranium production and supply.
9: The US dollar (USD)
Conversion Rate: 0.95 EUR
The world's most traded currency has been the backbone of the world economy. The US dollar used to measure financial status such as Net Worth and GDP, a country's revenue etc. The currency is indeed the economical and financial tool in the world.
8:The Swiss Franc (CHF)
Conversion Rate: 1.05 USD
The Franc is the currency only used in the Switzerland and Lichtenstein. It has helped in settling the country's European debt with their monetary policy which also helped increase the currency's value.
7: European Euro (EUR)
Conversion Rate: 1.05 USD
The second most-traded currency in the world has been less valued than the US dollar in the early 2000s until its boom in 2008 since the US economic crash that year.
6: Cayman Islands Dollar(KYD)
Conversion Rate:1.19 USD
Having the status as the premier tax haven in the Caribbean made their dollar to be the best dollar in the world.
5: The British Pound Sterling(GBP)
Conversion Rate:1.22 USD
The Pound Sterling is the powerful currency in the Europe. Being one of the countries in Europe that has their independent currencies, the Pound Sterling has a big value of it's own; by being the big ship in foreign exchange to generating good GDP per Capita. The country's currency deserves to be on the 5th position.
4: Jordanian Dinar (JOD)
Conversion Rate:1.41 USD
Jordan, unlike their neighbours is not a oil producer not even a major refiner but the nation runs a heavy ship of foreign exchange which makes their currency powerful and uprising.
3: Omani Rial (OMR)
Conversion Rate: 2.60 USD
The Rial value is tied to the oil industry in the country. The government even had to divide their 1 rial to ½ rial or ¼ rial.
2: Bahraini Dinar (BHD)
Conversion Rate:2.65 USD
Bahraini Dinar has been a powerful currency in the middle east for being one of the leading oil producers in the world. Just like Kuwaiti Dinar, it is also known as the "Oil Money".
1: Kuwaiti Dinar(KWD)
Conversion Rate:3.26 USD
Being the strongest currency in the world is due to it's major oil supply and petroleum production. Kuwait is one of the biggest countries with petroleum and due to it's high demand from other countries, Kuwaiti Dinar became more valuable, that's why they call it "Oil Currency".
Comments