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- 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.
- How Is Foreign Currency Priced?
- What Are The Top 10 Strongest Currencies?
- Kuwaiti Dinar
- Bahraini Dinar
- Omani Rial
- Jordanian Dinar
- British Pound
- U.S. Dollar
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Foreign currency is traded in pairs: You buy U.S. dollars with British pounds, for example. As a result, one currency is always priced relative to another currency, and this price is known as the exchange rate. Most currencies are “floating,” meaning their value fluctuates depending on demand and supply. However, some currencies are “pegged,” which...
We’ve determined the strongest currencies, based on the amount of dollars needed to buy one unit of each currency. The exchange rates are sourced from our currency converter, based on data from Open Exchange at the time of writing. Here are the top 10 strongest currencies:
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 Persian Gulf between Saudi Arabia and Iraq, and the country earns much of its wealth as a leading global exporter of oil. The Kuwaiti dinar was introduced in the 1960s and was initi...
The Bahraini dinar is the second-strongest currency in the world, with 1 dinar buying 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 earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and i...
The Omani rial is the third-strongest currency in the world, with 1 rial buying 2.60 dollars (or $1 equals 0.38 Omani rial). Oman sits between the United Arab Emirates and Yemen at the eastern tip of the Arabian Peninsula. As with its wealthy neighbors, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegge...
The Jordanian dinar is the fourth-strongest currency in the world, with 1 dinar buying 1.41 dollars (or $1 equals 0.71 Jordanian dinar). Jordan is a largely landlocked country in the Middle East that is less dependent on oil and gas exports than other nations in the region. It has struggled with sluggish economic growth and rising debt. The Jordani...
The British pound is the fifth-strongest currency in the world, with 1 pound buying 1.22 dollars (or $1 equals 0.82 British pound). Britain’s economy is the world’s sixth largest by gross domestic product (GDP), according to the World Bank. The pound was first introduced in the 1400s before being decimalized in 1971. It is free-floating, not pegged...
The U.S. dollar is the 10th-strongest currency in the world, with 1 dollar buying 1 dollar. (Obviously.) All other units of currency across the globe are worth less than a buck. Created in the 1700s, the dollar is legal tender in the U.S.; its territories, including Puerto Rico; and other sovereign nations, such as Ecuador and Zimbabwe. The U.S. is...
Find out which currencies are worth more than the U.S. dollar, based on their exchange rates as of April 2024. Learn how foreign currency is priced, pegged or floated, and how it affects your money transfers.
- Jo Groves
- Kuwaiti Dinar (KWD)- Highest Currency in the World. The highest currency in the world is none other than Kuwaiti Dinar or KWD. Initially, one Kuwaiti dinar was worth one pound sterling when the Kuwaiti dinar was introduced in 1960.
- Bahraini Dinar (BHD): Second Highest Currency in the World. The Bahraini D inar or BHD is the currency of Bahrain. Located in the Arabian Gulf, Bahrain is heavily reliant on oil exports.
- Omani Rial (OMR): Third Highest Currency in the World. The Omani Rial or OMR is the currency of Oman. Before 1940, Oman used INR as its official currency and this is why the most popular Rial exchange rate is INR to OMR Rate.
- Jordanian Dinar (JOD): Fourth Highest Currency in the World. The Jordanian dinar or JOD is the currency of Jordan. In 1950, the currency replaced the Palestinian pound as Jordan’s official currency.
- Kuwaiti Dinar (0.31) The Kuwaiti dinar is the highest valued currency in the world due to Kuwait’s strong economy and significant oil reserves. Kuwait is a small country with a population of just over four million people, but it has a GDP of more than $160 billion and is one of the world’s largest exporters of oil.
- Bahraini Dinar (0.38) The second highest currency in the world is the Bahraini dinar, the national currency of Bahrain. It is typically abbreviated as “BHD” and is pegged to the U.S. dollar at a rate of 1 BHD to 2.65 USD.
- Omani Rial (0.39) The Omani rial is third on our list of highest currencies in the world. The national currency of Oman, it is typically abbreviated as “OMR” and is pegged to the U.S. dollar at a rate of 1 OMR to 2.60 USD.
- British Pound (0.80) The British pound and the U.S. dollar are two of the most widely traded currencies in the world and their values are frequently compared to each other.
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- Kuwaiti Dinar ($3.26) Currency code – KWD. Kuwaiti Dinar rates: 1 KWD = 3.26 USD (Kuwaiti Dinar to US Dollar) 1 KWD = 2.98 EUR (Kuwaiti Dinar to Euro)
- Bahraini Dinar ($2.66) Currency code – BHD. Bahraini Dinar rates: 1 BHD = 2.66 USD (Bahraini Dinar to US Dollar) 1 BHD = 2.43 EUR (Bahraini Dinar to Euro)
- Omani Rial ($2.60) Currency code – OMR. Omani Rial rates: 1 OMR = 2.60 USD (Omani Rial to US Dollar) 1 OMR = 2.37 EUR (Omani Rial to Euro) The Omani Rial сloses the top three of most expensive currencies in the world with the conversion rate of 2.60 USD to one Rial – nearly double the value of the British Pound.
- Jordanian Dinar ($1.41) Currency code – JOD. Jordanian Dinar rates: 1 JOD = 1.41 USD (Jordanian Dinar to US Dollar) 1 JOD = 1.28 EUR (Jordanian Dinar to Euro)
May 6, 2024 · Find out which currencies are the most valuable against the US dollar, based on exchange rates as of May 6, 2024. Learn how foreign currency is priced, pegged or floated, and where the US dollar is used around the world.
Apr 16, 2024 · Find out which currencies are the most valuable in 2024, based on factors such as oil and gas exports, economy, and central bank policies. See the top 10 list, exchange rates, and guides to the countries that use these currencies.
