As everyone knows that currency differs from country to country. For a strong economy, it is necessary that there must be a strong currency rate. A strong currency rate is the indicator of a solid economy. High currency rate gives the best option for the investment. As the value of national currency increases the prices of the products also increases. US dollar is most common currency in the international trade. It is highly valued as one could expect. US Dollar and Euro is considered to be the most expensive currencies in the world. The currencies below are listed in the order of popularity. In fact, some of the currencies mentioned in the following list of the most expensive currencies in the world and have a far higher exchange rate. Now we are going to discuss in detail about the top ten most expensive currencies and exchange rate in the world. List of top ten most expensive currencies of the world:
10) Swiss Franc (CHF):
Swiss Franc is considered to be the tenth most expensive currency of the world. This country is small and enjoys peace and prosperity but, the money of the country is having very high value and considered to be one of the most expensive currencies of the word. 1CHF is equal to the $1.08927. High exchange rates show the economic stability of the countries. As by travelling in the world currency can be exchanged at a good price because the money has the high value.
9) Cayman Island Dollar:
Cayman Island Dollar is considered to be the ninth most valuable money of the world. The rate of money is high because of a liberal banking system. The money code of the country is KYD and the money sigh for the same are donated by $ or CI$. The value of 1KYD is about $2.2838. So this money is more expensive than Dollar. In 1972, the money got the boost when Jamaican Dollar was added to replace it. The value of money shows the level of prosperity and development in the state.
8) Azerbaijani Manat (AZN):
Azerbaijani Manat is considered to be the eight most valuable money of the world. The economy of the country is located in Western Asia. The capital of the country is Baku, and its national money is Azerbaijani Manat, and the money code is AZN. By giving $1.27495, we can get 1AZN. This money is even more expensive than Dollar. The value of money shows the good level of investment and literacy in the state. The country is considered to be the prosperous country.
7) European Euro (EUR):
European Euro is considered to be the seventh most expensive money of the world. The Euro was officially introduced as the main money in the year1999. 1EURO is equal to the $1.31622 and can further be divided into 100 cents. Aside from that the Euro held second place as an international standard or trading after the USD and used in foreign exchange market. The money is much expensive and shows that the state is highly developed and prosperous.
6) Jordanian Dinar (JOD):
Jordanian Dinar is considered to be the sixth most expensive money of the world. It is a small country, but the rate of money is very high. The Dinar is the official money of the Hashemite Kingdom of Jordan which is located in Asian Continent. Its capital is Amman, and the moeny code is JOD. The value of 1JOD is equitant to $1.41044. The official money was introduced by King Jordan himself in 1940. The value of the money is very high and shows the level of development and prosperity in the country.
5) UK Pound Sterling (GBP):
UK Pound Sterling is the fifth most expensive currency of the world. The pound is subdivided into 100 pence. 1pound is equitant to $1.61685. The currency is very expensive and shows the good condition of development and high rate of literacy in the country. Due to a high rate of the currency the investors get highly interested in investing in the country.
4) Latvian Lats (LVL):
Latvian Lats is considered to be the fourth most expensive and valuable currency of the world. It is the small or a little country located in North Europe’s Baltic region, and Riga is the capital of the country. The currency is very expensive, and code of the currency is LVL. 1LVL is equivalent to the $1.89286. The Lats replaced the Rubils that was the initial official currency. The value of the currency shows the high level of investment, education and prosperity in the country.
3) Omani Rial (OMR):
Omani rial is considered to be the third most expensive and valuable currency of the world. The country is officially known as Sultanate of Oman, which is an Arab state in the Southwest of Asia. The capital of the country is Muscat. The code of the currency is OMR. 1OMR is ebullient to $2.60552. The currency is most expensive and highly valuable. It shows the high level of investment in literacy in the country.
2) Bahrain Dinar (BHD):
Bahrain Dinar is considered to be the second most expensive currency of the world. The County is located in the Middle East and the capital of the country is Manama. The currency code of the country Bahrain is BHD. The value of the currency is 1BHD is equivalent to the $2.66. It shows the high level of development and investment in the country.
1) Kuwaiti Dinar (KWD):
Kuwaiti Dinar is one of the most expensive and valuable currency of the world. Presently the country is known a Kuwait, which is located in Western Asia. The capital of the country is Kuwait. The code of the currency of the country Kuwait is KWD. 1KWD is equivalent to $3.55 and can be subdivided into 100 files. It shows the high level of prosperity in the country.
List of Most Expensive Currencies in the World
|1||Kuwaiti Dinar (KWD)||1KWD/$3.55|
|2||Bahrain Dinar (BHD)||1BHD/$2.55|
|3||Omani Rial (OMR)||1OMR/$2.60552|
|4||Latvian Lats (LVL)||1LVT/$1.89286|
|5||UK Pound sterling (GBP)||1GBP/$1.61685|
|6||Jordanian Dinar (JOD)||1JOD/$1.41044|
|7||European Euro (EUR)||1EUR/$1.31622|
|8||Azerbaijan Manat (AZN)||1AZN/$1.27495|
|9||Cayman Island Dollar||1KYD/$2.2838|
|10||Swiss Franc (CHF)||1CHF/$1.08927|
We have discussed above the top ten currencies of the world. The high value of the currency shows the high level of development, investment, employment and prosperity in the country. The high value of the currency is the indicator towards the economic development. So, the above mentioned countries are considered to be highly developed countries.