List of 10 Strongest Currencies in the world

List of 10 Strongest Currencies in the world

All of us know the forex exchange market is based on currency, but do we know which are the world's ten most powerful currencies？ In this article, we will inform you about the most powerful currencies in the world.

1. Kuwaiti Dinar (KWD)

The Kuwaiti dinar is the world's strongest currency, with 1 dinar equaling 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar).

Kuwait is located on the Persian Gulf between Saudi Arabia and Iraq, and the country obtains much of its riches as a leading worldwide oil exporter. The Kuwaiti dinar was launched in the 1960s and was initially linked to the British pound before being re-pegged to an unspecified basket of currencies.

2. Bahraini Dinar (BHD)

The Bahraini dinar is the world's second-strongest currency, with 1 dinar equaling 2.65 dollars (or $1 equals 0.38 Bahraini dinar).

Bahrain is an island nation in the Persian Gulf off the eastern coast of Saudi Arabia. Like Kuwait, the country derives a large portion of its wealth from oil and gas exports. The Bahraini dinar began circulation in 1965 and is tied to the US dollar.

3. The Omani Rial (OMR)

The Omani rial is the world's third-strongest currency, with 1 rial equaling 2.60 dollars (or $1 equals 0.38 Omani rial).

At the eastern extremity of the Arabian Peninsula, Oman is located between the United Arab Emirates and Yemen. Oman, like its rich neighbours, is a significant oil and gas exporter. The Omani rial, which is tied to the US dollar, was adopted in the 1970s.

4. Jordanian Dinar (JOD)

The Jordanian dinar is the world's fourth-strongest currency, with 1 dinar equivalent to 1.41 dollars (or $1 equivalent to 0.71 Jordanian dinar).

Jordan is a largely landlocked Middle Eastern country that is less dependent on oil and gas exports than other countries in the region. It has seen slow economic development and growing debt. Jordanian dinars were first in circulation in 1950 and are tied to the US dollar.

5. British Pound (GBP)

The British pound is the world's fifth-strongest currency, with 1 pound equaling 1.22 dollars (or $1 = 0.82 British pound).

According to the World Bank, the British economy is the sixth largest in the world in terms of GDP. The pound was first used in the 1400s until being decimalized in 1971. It is not tied to any other currency.

6. Cayman Islands Dollar (KYD)

The Cayman Islands dollar holds sixth rank among the world's strongest currencies, with 1 Cayman dollar purchasing 1.20 dollars (or $1 equivalent to 0.83 Cayman Islands dollar).

6. Gibraltar Pound (GIP)

The Gibraltar pound is ranked sixth among the world's strongest currencies, with one pound equaling 1.22 dollars (or one dollar equaling 0.82 Gibraltar pound). The Gibraltar pound was established in the 1920s.

8. Swiss Franc (CHF)

The Swiss franc ranks eighth among the world's strongest currencies, with 1 franc equaling 1.08 dollars (or $1 equals 0.92 Swiss franc).

The Swiss franc is the official legal tender of Switzerland and its tiny neighbour Liechtenstein, and it is regarded as a reserve currency.

8. Euro (EUR)

The euro is ranked eighth among the world's strongest currencies, with 1 euro purchasing 1.08 dollars (or $1 equivalent to 0.93 euro).

The euro is the official currency of 20 of the 27 European Union member countries. Euro coins and bank notes were launched in 2002.

10. US dollar (USD)

The US dollar is the world's tenth-strongest currency, with one dollar buying one dollar. (Obviously.) Every other unit of currency in the world is worth less than a dollar.

The dollar is also the world's largest reserve currency (the currency most held by central banks) and is used to price various commodities, including oil, gold, and copper.

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