Search results
Rupee
- We expect the rupee to be the best-performing Asian currency in 2024, as it has already been so far this year. We expect it to appreciate to USD/INR 83.0 by end-Q4.
economictimes.indiatimes.com/markets/expert-view/we-expect-rupee-to-be-the-best-performing-asian-currency-in-2024/articleshow/110649806.cms'We expect rupee to be the best-performing Asian currency in ...
People also ask
What is the strongest currency in 2024?
Which Asian currency will perform best in 2024?
Will Indian currency lag behind Asian currency in 2024?
What are the strongest currencies against the Indian rupee?
- Kuwaiti Dinar (KWD) The highest-valued currency in the world is the Kuwaiti Dinar (KWD). Since it was first introduced in 1960, the Kuwaiti dinar has consistently ranked as the world's most valuable currency.
- Bahraini Dinar (BHD) The Bahraini Dinar (BHD) serves as the currency of Bahrain, an island nation in the Arabian Gulf heavily reliant on oil exports.
- Omani Rial (OMR) The Omani Rial (OMR) is the currency of Oman and was introduced after the country ceased using the Indian Rupee as its official currency.
- Jordanian Dinar (JOD) The Jordanian Dinar (JOD) has served as the currency of Jordan since it replaced the Palestinian pound in 1950. Jordan's fixed exchange rates and diversified economy have contributed to the high value of its currency, ranking it as the 4th strongest globally.
- Kuwaiti Dinar
- Bahraini Dinar
- Omani Rial
- Jordanian Dinar
- British Pound
- Gibraltar Pound
- Cayman Islands Dollar
- Swiss Franc
- Euro
- Us Dollar
The Kuwaiti dinar is the strongest currency in the world, with 1 Kuwaiti dinar buying 274.40 Indian rupees (or, put another way, INR 1 equals 0.003 Kuwaiti dinars). Kuwait is located between Saudi Arabia and Iraq. It earns much of its wealth from being a leading global oil exporter. The Kuwaiti dinar was introduced in the 1960s and initially pegged...
The Bahraini dinar is the second-strongest currency in the world. One Bahraini dinar buys 223.09 Indian rupees (or INR 1 equals 0.004 Bahraini dinars). Bahrain is an island nation in the Persian Gulf off the coast of Saudi Arabia. Like Kuwait, the country earns a lot from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pe...
The Omani rial is the third strongest currency in the world, with 1 Omani rial buying 217.85 Indian rupees (or INR 1 equals 0.004 Omani rial). Oman is located at the tip of the Arabian Peninsula between the United Arab Emirates and Yemen. Like its other wealthy neighbors, it is a major exporter of oil and gas. The Omani rial was introduced in the 1...
The Jordanian dinar is the fourth strongest currency in the world with 1 Jordanian dinar buying 118.30 Indian rupees (or INR 1 equals 0.008 Jordanian dinar). Jordan is largely land-locked, bordering Egypt, Syria, Iraq and Saudi Arabia. Jordan is less dependent on oil and gas exports than its neighbors and has struggled with sluggish economic growth...
The British pound is the fifth strongest currency in the world, with 1 British pound buying 108.71 Indian rupees (or INR 1 equals 0.009 British pounds). According to the World Bank, Britain is the sixth-largest country by gross domestic product (GDP). The pound was first introduced in the 1400s before being decimalized in 1971. It is free-floating ...
The Gibraltar pound is the joint sixth strongest currency in the world, with 1 Gibraltar pound buying 108.71 Indian rupees (or INR 1 equals 0.009 Gibraltar pounds). Gibraltar is located at the southern tip of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (at par...
The Cayman Islands dollar is the joint sixth strongest currency in the world, with 1 Cayman Islands dollar buying 102.06 Indian rupees (or INR 1 equals 0.009 Cayman Islands dollars). The Cayman Islands is a British territory in the Caribbean and is an offshore financial center. The Cayman Islands dollar was first introduced in the 1970s and is pegg...
The Swiss franc is the joint eighth strongest currency in the world, with 1 Swiss franc buying 96.94 Indian rupees (or INR 1 equals 0.01 Swiss francs). The Swiss franc is the official legal tender of Switzerland and Liechtenstein and is seen as a safe haven due to Switzerland’s political stability. The Swiss franc was introduced in 1850 and was lat...
The Euro is the joint’s eighth strongest currency, with 1 Euro buying 92.56 Indian rupees (or INR 1 equals 0.01 euros). The euro is the official currency of the Eurozone, which includes 19 of the 27 countries that form part of the European Union. The physical currency entered circulation in 2002 and is free-floating.
The U.S. dollar is the 10th strongest currency globally, with 1 U.S. Dollar buying 83.86 Indian rupees (or INR 1 equals 0.01 U.S. dollars). It is worth precisely 1 against itself. All other currency units across the globe are worth less than a U.S. dollar. The U.S. dollar, created in the 1700s, is legal tender in the USA, other U.S. territories, an...
- Jo Groves
Knowing which currencies are strong against the Indian Rupee (INR) is helpful for investors, travelers,and expatriates. Let’s dive into the top 10 strongest currencies globally in 2024 and understand why they stand out in the global financial landscape.
Apr 22, 2024 · 1. Kuwaiti Dinar (KWD) The Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar). Kuwait is located on the...
- Jo Groves
Jun 3, 2024 · We expect the rupee to be the best-performing Asian currency in 2024, as it has already been so far this year. We expect it to appreciate to USD/INR 83.0 by end-Q4. This may sound small, but it is remarkable given the strong US dollar and the continued weakness we expect in other Asian currencies.
Jan 2, 2024 · Despite an optimistic forecast, Goldman Sachs suggested that the Indian currency may lag behind its Asian counterparts due to the RBI's active stance in managing inflows. Read to find out what the global brokerage said about the INR's run in 2024.
Apr 16, 2024 · Here are the top 10 strongest global currencies in 2024: 2. 1. Kuwaiti dinar. The Kuwaiti dinar (KWD) is the world’s strongest currency, and this is for a number of reasons. For starters, Kuwait has one of the largest oil reserves in the world.
