Do you ever wonder what the highest currency in the world is? Well, the United Nations recognizes around 180 different currencies as legal tender. But out of those 180, which one holds the highest currency value. To answer your question, we have curated a list of the top 50 highest and strongest currencies used daily. Also, in addition, these currencies are traded in Forex trading.
Keeping the knowledge of which currencies are valued most in the world is a curious hobby. Additionally, it is something that can be an aid to your vital decisions while dealing with various transactions from abroad.
Usually, most people believe that US dollars hold the highest currency value among all the currencies around the world. But in reality, the US dollar is the most popular currency and not the strongest.
We use United States dollars as the fixed base currencies to compare the currencies due to their popularity. Hence, the most potent money would be the one most expensive in comparison with the US dollars. This means the currency that gives you the least currency return for 1 US dollar.
We are pretty sure you don’t imagine that the price of oil, soy, or foreign policy could affect your life. It is then time to learn about the most valued currencies and their influence on your daily life.
Top 50 Highest & Strongest Currencies in the World
Due to the massive influence of the market, economy, liquidity and other factors, the value of currencies keeps on fluctuating. Hence, their value drops or increases and is not the same every year. So, this list of the world’s top 50 highest and strongest currencies is as of 2021.
1. Kuwaiti Dinar
1 Kuwaiti Dinar = 3.33 US Dollars (USD)
Starting on the top of the list, we have Dinar of Kuwait. You will receive 0.30 Kuwaiti Dinar in exchange for 3.33 US Dollars, making it the strongest form of money in the world.
2. Bahrain Dinar
1 Bahraini Dinar= 2.65 US dollars
So, the currency of Bahrain, Dinar, is the second strongest currency globally in 2021. Also, like most Arabic currencies on the list, Bahrain dinar into 1000 smaller units, called ‘fils’. The Bahraini Dinar is only used in Bahrain and is pegged against US dollars.
For a US dollar, you will receive 0.38 Bahraini Dinar or BHD.
3. Omani Rial
1 Omani Rial= 2.60 US dollars
The price in 2021 of the Omani Rial makes it the third most valuable currency in the world. Also denoted as OMR is Oman, a country, which is a part of the Arabian Peninsula.
You will get 0.39 Omani dinar in exchange for a US dollar.
4. Jordanian Dinar
1 Jordanian Dinar= 1.41 US Dollars
Jordanian Dinar is the fourth highest currency in the world in 2021. The national currency of Jordan JOD became the official money of Jordan in 1950 by replacing the Palestinian Pound.
In exchange for a US dollar, you will get 0.71 Jordanian dinars.
5. Pound Sterling
1 Pound Sterling= 1.40 US Dollars
The Great British Pound is the fifth most valuable currency globally. The pound sterling is the oldest form of money that is still in use today.
You will get 0.71-pound sterling in exchange for 1 US dollars in 2021.
6. Gibraltar Pound
1 Gibraltar Pound= 1.23 US Dollars
The official currency of Gibraltar, a British Overseas Territory, is located in Spain on the south coast. Although Gibraltar pound notes are denominated in Pound Sterling, they are not a legal tender everywhere in the United Kingdom.
You will get 0.81 Gibraltar Pound, GIP in exchange for 1 US Dollars.
7. Euro
1 Euro= 1.21 US Dollars
One of the newest currencies, the Euro or EUR, is the official currency of 19 countries. Hence, making it the world’s most widely used official currency. Moreover, the countries where it is used as official money include France, Germany, and Spain, and it is also known as the world’s second reserve currency.
You can, in exchange for 1 US dollar, get 0.90 Euros or 90 cents.
8. Cayman Islands Dollars
Cayman Islands Dollars= 1.20usd
Denoted by KYD, Cayman Islands currency is the 7th most valuable currency in the world. Cayman Island is located in an autonomous British territory Caribbean.
For 1 US dollar, you will get 0.83 Cayman Island Currency.
9.Swiss Franc
1 Swiss Franc= 1.01 US Dollars.
The Swiss Franc of CHF is the official currency of both Switzerland and Liechtenstein. Also, this form of money is the 7th most traded currency in the world.
This is because if it is a safe bet when trading or storing currency in the world. This is due to its strict monetary policies and low debt levels.
You can buy 0.98 Swiss Franc, CHF in exchange for 1 US Dollar.
10. United States Dollar
1 US Dollar= 1 US Dollar
As its names suggest, the US dollar is the United States and a few other countries. It is the world’s primary reserve currency and is globally held in most commercial and central banks. Hence, the currency is used in 88.3% of daily trades in the Forex market because of its global adoption.
11. Canadian Dollar
1 Canadian Dollar= 0.79 US Dollar
The Canadian Dollar or CAD is the currency of Canada. Additionally, it is one of the most popular currencies in central banks as a foreign exchange reserve. The popularity is due to Canada’s political and legal stability. Also, it accounts for about 5% of forex trading globally in the foreign exchange market.
With 1 US dollars, you can purchase 1.31 Canadian Dollars.
12. Australian Dollar
1Australian dollar= 0.77 US dollar
Australian Dollar is the official currency of Australia along with its external territories like Cocos Islands, Christmas Island, and Norfolk Island. Moreover, it is also the official money of three other Pacific Islands states- Tuvalu, Kiribati and Nauru.
13. Brunei Dollar
1 Brunei Dollar = 0.75 US Dollars
Brunei dollar, also denoted as BND, is the official currency of the Sultanate of Brunei.
Moreover, the Brunei dollar is tied with the Singapore dollar with a fixed exchange rate. Under a Currency Interchangeability Agreement in 1967, the BND is interchangeable with Singapore Dollar at par.
14. Singapore Dollar
1Singpore Dollar = 0.75 US Dollar
The Singapore dollar is the official legal currency issued by the South Asia Sovereign Island nation, the Republic of Singapore.
The Monetary Authority of Singapore issues the notes and coins of the same. Moreover, the authority serves its purpose also as the country’s central bank and overall financial regulatory entity.
Also, the Singapore dollar or SGD is considered one of the most robust and most stable currencies globally.
15. New Zealand Dollar
1 New Zealand dollar= 0.71 US Dollar
The New Zealand dollar is the legal and official tender of New Zealand, Niue, Cook Island, and a few more. Including Ross Dependency, a British territory, the Pitcairn Islands and Tokelau.
Additionally, it is rarely and informally called the Kiwi Dollar or the Kiwi. There are two reasons behind it; one is as New Zealand is generally associated with Kiwi. While the other is that the coin has the bird on its reverse.
16. Bosnia-Herzegovina Convertible Mark
1Bosnia Convertible Mark= 0.61 US Dollar
The Bosnia-Herzegovina Convertible Mark is the national currency of Bosnia and Herzegovina and has the abbreviation BAM.
This form of money was introduced as a part of the Dayton Agreement in 1995, which brought an end to the Bosnian War.
17. Bulgarian Lev
1 Bulgarian Lev= 0.61 US Dollar
Bulgarian Lev is the official and legal currency of Bulgaria with the code BGN since 1999.
Also, though there’s no specific timeline given, the Bulgarian Lev will eventually be replaced by the European Union. This is because the country has been a member of the European Union since 2007.
18. Fijian Dollar
1 Fijian dollar= 0.49 US Dollar
The Fijian Dollar is the currency of Fiji, usually abbreviated with thee sign $ or even FJ $. It is mainly to distinguish the Fijian currency from other countries with the Dollar as their currencies.
In 1969 the currency was first issued in Fiji, but it was also the form of money between 1867 and 1873.
19. Israel New Shekel
1 Israel New Shekel= 0.31 US Dollar
The New Israeli Shekel, also known as simply Israeli Shekel, is the legal currency of Israel. Moreover, it is also used as the legal tender in Palestinian territories of the Gaza Strip and the West Bank.
The Bank of Israel issues the ILS or Israeli New Shekel.
20. UAE Dirham
1UAE Dirham= 0.27 US Dollar
The currency of the United Arab Emirates is the UAE dirham, which also has the abbreviation of AED.
Moreover, it is pegged to the US dollar; additionally, it is among the world’s most stable currencies.
21. Saudi Riyal
1Saudi Riyal= 0.27 US Dollar
Saudi Riyal is the official currency of Saudi Arabia and has the abbreviation SAR. The money is managed and circulated by the Saudi Central Bank. Also, the currency is pegged to the US at an exchange rate of about 3.75 SR.
22. Polish Zloty
1Polish Zloty= 0.26 US Dollar
The Polish Zloty or the Poland Zloty is the national currency of Poland, having the abbreviation PLN. It is a freely floating currency that trades on the foreign exchange market, which the National Bank of Poland issues.
Also, the currency dates back to the 20th Century but has gone through numerous iterations.
23. Malaysian Ringgit
1 Malaysian Ringgit= 0.24 US Dollar
The Malaysian Ringgit is the legal tender of Malaysia, with the abbreviation RM. It is also referred to as the Malaysian Dollar and has a currency code of MYR.
The currency’s exchange rate is free-floating. However, it is not shared offshore.
24.Romanian Leu
1Romanian Leu= 0.24 US Dollar
Romanian New Leu, or the abbreviation RON is the official currency of Romania. Also, the N in the acronym RON stands for New Leu, which replaced the old Leu in 2007. The New Leu is the fourth in the row brought about through re-evaluations since 1867.
Additionally, the currency is set to be replaced again in 2024 by the Euro. However, till now, it is not pegged to the Euro or any other form of money.
25. Libyan Dinar
1 Libyan Dinar= 0.22 US Dollar
The Libyan Dinar is the legal currency of Libya, and its ISO 4217 code is LYD. Moreover, it was introduced to its citizens in September of 1971, and it replaced the Pound at par.
The Libyan currency is issued by the Central Government of Libya, which also regulates credits and supervises the banking system.
26. Brazilian Real Currency
1 Brazilian Real Currency= 0.20 US Dollar
The Brazilian Real is the official and legal currency of Brazil. The Central bank of Brazil is also the issuing authority of the country. The Brazilian Real has been officially in use since 1994. Before which the government had cruzeiro in use as the official currency.
Moreover, it is currently the strongest form of money in the whole of Latin America.
27. Chinese Yuan Renminbi
1 Chinese Yuan Renminbi= 0.16 US Dollar
Chinese currency comes by two names, Yuan CNY and the people’s currency Renminbi RMB. The distinction is, however subtle, Renminbi is the official money of the country and acts as a medium of exchange. On the other hand, Yuan is the unit of account of the country’s financial and economic system.
28. Danish Krone
1 Danish Krona= 0.16 US Dollar
The currency code of Danish Krona in the forex market is DKK. It is the official and legal currency of Denmark as well as The Faroe Islands and the provinces of Greenland.
The local currency is denoted by ‘KR,’ as in ‘KR2,’ meaning 2 Danish Krona. Although Denmark is part of the European Union, the country has opted to retain its independent form of money.
29. Croatian Kuna
1Croatian Kuna= 0.16 US Dollar
The Croatian Kuna is the official currency of Croatia and is in use since 1944. The Croatian Kuna is issued and circulated by the Croatian National Bank.
The current form of money was first issued in 1933, while Croatia was still part of Yugoslavia.
30. Hong Kong Dollar
1 Hong Kong Dollar= 0.13 US Dollar
HKD is the abbreviation for Hong Kong’s currency, the Hong Kong dollar, amongst the most traded currency globally. It is the Hong Kong Special Administrative Region of the People’s Republic of China.
Moreover, the currency HKD is used both in Hong Kong and the surrounding country of Macau. Whose currency, the Pataca, is pegged to the Hong Kong Dollar.
31. Turkish Lira
1 Turkish Lira= 0.12 US Dollar
Turkish Lira, also abbreviated as TL, is the legal and official tender in Turkey and Northern Cyprus.
Also, it is notable that the Turkish Lira has suffered many devaluation processes all along with its history. Additionally, the Guinness Book of World Records has classified the country’s money as the least valued one on two different occasions. The first was between 1995 to 1996 while the second was from 1999 to 2004.
However, in the last few years, the Turkish Lira has managed to stabilize itself. Moreover, it even has gained value against the US Dollar.
32. Swedish Krona
1 Swedish Krona= 0.12 US Dollar
The official currency of Sweden is Swedish Krona, of which the abbreviation is SEK. Krona in Swedish means a crown, and it has been Sweden’s currency since 1873 and is also expressed by the symbol KR.
The Swedish Krona replaced the Swedish Riksdaler in 1873 when the Scandinavian Monetary Union was formed. The most heavily traded currency pair, including the SEK, is the EUR/SEK, or the Euro versus Krona.
33. Norwegian Krone
1Norweigian Krone= 0.12 US Dollar
Controlled and regulated by the Central Bank NOK or the Norwegian Krone is the official currency of Norway.
In 1992 the Central bank of the currency moved away from a fixed exchange rate. Finally, allowing the money to float based on the foreign currency exchange rate.
34. Moroccan Dirham
1Moroccan Dirham= 0.11 US Dollar
The Moroccan Dirham is the currency of the Kingdom of Morocco. Additionally, it is also the de facto currency of the Western Sahara Region.
The Bank al-Maghrib, Morocco’s Central Bank, ensures the issue and circulation of the Moroccan Dirham.
35. South African Rand
1 South African Rand= 0.073 US Dollar
South African Rand or the currency abbreviation ZAR is the official and legal currency of South Africa.
It was first introduced in 1961, slightly before the establishment of the Republic of South Africa. After which, the Rand replaced the South Pound at the rate of 2 Rands to 1pound.
36. Egyptian Pound
1Egyptian Pound= 0.064 US Dollar
The Egyptian Pound is the legal and official currency of the Arab Republic of Egypt. Also, the Egyptian Pound is unofficially used in some parts of Sudan and the Gaza Strip.
The Central Bank of Egypt had a managed float from 2001 to 2016, after which it transitioned to a free float.
37. Mexican Peso
1 Mexican Peso= 0.049 US Dollar
MXN is the currency acronym for the Mexican Peso, the official and legal currency of Mexico.
Peso was initially based on Spain’s official currency, called Real. Moreover, the Peso of Mexico is the world’s 10th most traded currency and the most traded money of Latin America.
38. Czech Koruna
1 Chez Koruna= 0.047 US Dollar
CZK is the currency symbol of Czech Koruna, the legal and official money of the Czech Republic.
The Czech Republic is a piece of the European Union and is bound to adopt the Euro as currency. However, the adoption of the Euro does not seem imminent soon. Also, in 1993, the CZK began its circulation after the break up of the Soviet Union in 1991.
39. Taiwan New Dollar
1Tawain New Dollar= 0.036 US Dollar
The Taiwan New Dollar is the official currency of Taiwan. The nation’s central bank issues it, the Central Republic of China (Taiwan).
The TWD currency has been in use since 1949. However, till 2000, it wasn’t declared as the national money of Taiwan by the local government.
40. Thailand Baht
1 Thailand Baht= 0.032 US Dollar
The Thai Baht is the legal and official currency of Thailand and is a currency exchanged worldwide. Thailand’s central bank, The Bank of Thailand, issues and manages the money.
The term Thai Baht has been used in the country for centuries for money. The incarnation of money came in the early 20th Century.
41. Philippine Peso
1 Philippine Peso= 0.021 US Dollar
PHP is the currency abbreviation or the currency symbol of the Philippine Peso, the currency of the Philippines.
Although the country went through substantial devaluation under the pegged system but became free-floating after the 1933 New Central Bank Act.
42. Russian ruble
1Russian Ruble= 0.014 US Dollars
Evident from the name, the Russian ruble is the currency of Russia which came into use in the 14th Century. Making it the second oldest form of money after the Pound Sterling.
The printing of this money note occurs in Moscow’s State-owned factory, which began its operations at the end of World War I.
43. Indian rupee
1 Indian Rupee= 0.014 US Dollars
The rupee is India’s legal and official currency, with the International Organization for Standardization currency code is INR.
Since India is a cash-based economy, the chances of fraud are high by producing fake money notes. Hence, the RBI keeps on updating the currency’s security features to stop illegal actions.
44. Argentine nuevo Peso
1 Argentine Peso= 0.010 US Dollar
The Argentine nuevo Peso or ARS is the national currency of Argentina.
Argentina has changed its national currency numerous times since its ARP days. It was due to ongoing high inflation along with other chronic economic disadvantages.
45. Pakistan Rupee
1 Pakistan Rupee= 0.0063 US Dollar
The Pakistani Rupee is the official and national money of Pakistan and has the abbreviation PKR. officials introduced the currency in 1947 after gaining independence from the British and autonomy from India.
46. Hungarian Forint
1 Hungarian Forint= 0.0034 US Dollar
The official and national currency of Hungary is the Hungarian Forint HUF. The term was first used somewhere between 1868 and 1892. However, this form of money came into existence in 1946.
The current form of money is issued by Hungary’s Central bank, the Hungarian National Bank.
47. Chilean Peso
1 Chilean Peso= 0.0014 US Dollar
The Chilean Peso is the official currency of Chile, and the current Peso is in circulation since 1975. At the same time, the prior version was in circulating between 1817 to 1960.
However, the symbol of the Chilean Peso is like other dollar signs, and the current abbreviation is CLP. The money is issued by the Banco Central de Chile, which is the country’s central bank.
48. Iraqi Dinar
1 Iraqi Dinar= 0.00069 US Dollar
With the currency code IQD, the Iraqi Dinar is the currency of Iraq. Also, the Central Bank of Iraq circulates the Iraqi Dinar.
Despite its value, this form of money has always revolved around promoting scams. Additionally, many of the investors pay more than the anticipated price just in hopes that the cost of the money would rise someday.
49. Colombian Peso
1 Colombian Peso=0.00027 US Dollar
Columbian Peso is legal and national money of Columbia, with the ISO code COP.
The crisis of 1999 and 2008 triggered a substantial devaluation of the currency. Since 2001 the Columbian Senate has been discussing the possibility of introducing a new Peso.
50. Indonesia Rupiah
1 Indonesia Rupiah= 0.000069 US Dollar
The Indonesia Rupiah or the ODR is the official currency of Indonesia. It is a South Asian country made up of thousands of small islands.
The IDR first became available in 1946 while other currencies were also in circulation. However, in 1950 the IDR became the official money of Indonesia when the Dutch recognized its independence.
To read more such article, log on to the business section of our website.
