Business
Top 10 highest currencies in the world
When they talk about the highest currencies in the world, what comes to your mind will be either the United States dollar or British pounds, Euro or even rupees. None of these currencies listed is in the top 3 in the world, although they are some of the world’s highest currencies.
Below are the top 10 highest currencies in the world
1 Canadian dollars CAD
The first country on the list is the Canadian dollar. Canadian dollars is the tenth highest value currency in the world. People refer the Canadian dollars as the highest currency in the world, which is just for honor. Actually in the world today, Canadian dollars is the fifth largest reserved currency and the sixth most traded currency in the world.
US dollar is the official currency of the United States of America, it is also one of the most reserved currencies in the world. Most commercial and central banks in the world reserve their currencies in dollars.
Switzerland has a stable and flourishing economy because all the products made in Swiss are famous around the world, so their currency has a high value.
According to a report from UNN in 2016, Switzerland is the third richest landlocked country in the world because of how technologically advanced they are.
European Euro is the most powerful currency in the world. It is advisable to invest in euros if you want to do a large-scale investment. As time goes by Euro is getting more stronger, it is by far the second most reserved currency in the world After the US currency.
This countries currency is amongst the lost of the highest currencies in the world. Cayman Islands dollar is equal to 1.22 US dollars.
The British currency is so popular just like the American currency. The British currency is at the fifth position of the highest currencies in the world. The British pounds Sterling is equal to 1.38 USD.
The 7th most expensive currency in the world is the Jordanian Dinar. JOD was introduced in 1949, despite the high currency it is hard to explain why the country is not developed economically like other countries that have high currency.
Omani Rail currency is 2.60 times higher than the US dollar. Omani is a developed economy with a high standard of living because of its oil-rich territory.
As of June 2021, BHD is the second-highest currency in the world. The country is rich in oil, which is the major reason why their economy is heavily reliant.
The Kuwaiti dinar is the highest currency in the world as of June 2021. The value of the currency is more than 3.31 US dollars.