Top 10 highest and strongest currencies in the world
Kuwaiti Dinar that is top in the list of highest and strongest currencies in the world. It it denoted by KWD and one KWD is equal to 3.31 US Dollars. This currency was first introduced in the year 1960 and this was introduced as a replacement to the Gulf Rupees. Kuwait is a very small country with just 3.1 million populations. This is one of the wealthiest countries in the world and one person from every 17 persons is a millionaire and this is calculated based on the income per annum.
Bahraini Dinar is the currency of the Kingdom of Bahrain and it is denoted by the symbol BHD. Bahraini is a very small island and it is situated just between the north east coast of Saudi Arabia and Qatar Peninsula. One Bahraini Dinar is equal to 2.65 US Dollars. This Bahraini Dinar stands second in the list of the strongest currencies in the world. This currency was first introduced in the year 1965 and this was introduced as a replacement to the Gulf Rupees.
Omani Rial is third in the list of the highest currencies in the world. This currency is the currency of Oman and it is denoted by OMR. One OMR is equal to 2.60 US Dollars. The economy of this country is mainly dependent on the oil exports, just like any other Gulf countries. This currency was first introduced in the year 1973 as a replacement for the Rial Saidi.
Jordanian Dinar is the fourth in the list and it is currency of Jordan. It is denoted by the symbol JOD and one JOD is equal to 1.41 US Dollars. This is a small country and it is not developed economically as well. There are no natural resources like oil, but it is able to make its place in the top 10 highest or strongest currencies in the world.
British Pound Sterling:
Fifth in the list of top 10 highest or strongest currencies in the world, you have the British Pound Sterling. This is the currency of the United Kingdom and it is denoted by GBP. One GBP is equal to 1.34 US Dollars. This Pound was known as the currency for half of the world in the past, but this has changed after the second world war.
Caymanian Dollar is the currency of the Cayman Island and it is denoted using KYD. This is sixth in the list and 0.83 KYD is equal to one US Dollar. This Cayman Islands are suitable in the western Caribbean Sea.
Euro and this currency belongs to the Eurozone. This currency is denoted by EUR and one EUR is equal to 1.18 US Dollars. After the US Dollars, this is the second largest currency in the world that is traded largely and also the most large reserved currency in the world as well. Euro is the youngest currencies in the world, as this was introduced just in the year 1999.
The 8th currency in this list is the Swiss Franc and it is the currency for Switzerland and Liechtenstein. This currency is denoted by CHF and one CHF is equal to 1.02 US Dollars. Switzerland is one of the wealthiest nations in the world and economically stable country as well. This is a country with low tax rates and hence it is considered as a tax heaven.
United States Dollar:
In the 9th place of the highest currency list, you have the United States Dollars. This currency is considered as the most powerful currency in the world and most of the currencies are compared with this currency in order to determine their value worldwide. This is the currency of the United States of America and is denoted by USD. The US Dollars are the largest currency in the world that is traded largely and also the most large reserved currency in the world as well.
Australian Dollar in the list of the top 10 highest or the strongest currencies in the world. An Australian Dollar is the currency of Australia and is denoted by AUD. One AUD is equal to 0.77 US Dollars. Just like Euros and US Dollar, Australian Dollar is also the most traded currency in the world. This currency stands 5th in the list of most traded currencies in the world. If you are aware of the Forex Trading, then you must also be aware that this is one of the most popular and common currencies in foreign trading.