According to World Atlas, there are 180 currencies in circulation that are recognized by the United Nations across the wide world. These are spread across 195 countries. These officially recognized currencies, therefore, constitute the global forex system – a potpourri of a wide range of stored values or purchasing power. In a more technical sense, the value of a currency may otherwise be referred to as its strength. So, among all the officially recognized currencies in circulation, one might wonder which ones are the strongest. Thus, in this post, we bring to you the 20 strongest currencies in the world today.
20 Highest-Valued Strong Currencies of the World
The US Dollar being the most widely used currency in the world, we used it as the yardstick against which the value of these currencies are measured to determine their strength and rank on this list. Here we go!
20. Fijian Dollar (1 FJD = 0.44 USD)
The Fijian Dollar is the official currency of the Republic of Fiji, an island country located in the South Pacific Ocean. It is represented with the $ symbol and alternatively with the sign FJ$ while its banking code is FJD. At the time of writing this, 1 FJD equaled 0.44 USD, making it rank 20th on this list of the strongest currencies in the world.
19. Aruban Florin (1 AWG = 0.56 USD)
This is the official currency of Aruba, an island country located in the South Caribbean Sea. The symbol for the Aruban Florin is Afl while its banking code is AWG.
18. Bosnia-Herzegovina Convertible Mark (1 BAM = 0.56 USD)
With its symbol as KM and its banking code as BAM, the Bosnia-Herzegovina Convertible Mark is the official currency of Bosnia and Herzegovina, a country located in the Southern and Southeastern Europe. The Bosnia-Herzegovina Convertible Mark is subdivided into 100 pfenigs as the US Dollar is into 100 cents. It currently exchanges at 1 BAM for 56 cents making it the 18th of the strongest currencies in the world.
17. Bulgarian Lev (1 BGN = 0.56 USD)
This is the official currency of the Republic of Bulgaria, a country in Southeast Europe. With its banking code as BGN, the Bulgaria Lev is subdivided into 100 stotinka just as the US Dollar is subdivided into 100 cents.
16. New Zealand Dollar (1 NZD = 0.61 USD)
Represented with the $ sign (and sometimes as NZ$) and the banking code NZD, the New Zealand Dollar is the official currency of New Zealand, an island country located in the Southwestern Pacific Ocean. It is also used in other sovereign adjoining islands as Tokelau, Cook Island, Niue, Pitcaim, and Ross Dependency. At the time of writing this, 1 NZD equals 0.61 USD
15. The Australian Dollar (1 AUD = 0.63 USD)
The Australian dollar is the currency of the Commonwealth of Australia which includes the mainland of the Australian Continent as well as the adjoining islands such as Tasmania. Also used by Australia’s external territories such as Norfolk Island and Christmas Island, and the Pacific Island States, the Australian dollar is represented with the currency symbol of the US Dollar (that is, $) while its banking code is AUD. You can also find it represented as AU$ or A$. Currently the 12th strongest currency in the global forex system, the Australian Dollar exchanges at 1 AUD to 0.63 USD at the time of writing this. Apart from being one of the strongest currencies in the world, the AUD is also one of the most traded.
14. The Libyan Dinar (1 LYD = 0.71 USD)
The Libyan Dinar is the only currency that has made this list from the African Continent. It is the official currency of the State of Libya, a country in North Africa that has enormous deposits of crude oil. The strength of this currency is often attributed to years of efficient management of Libya’s oil economy by her former leader Muammar Gaddaffi. The banking code for the Libyan Dinar is LYD. At the time of writing this, the Libyan Dinar exchanged at 1 to 0.71 USD.
13. Brunei Dollar (1 BND = 0.71 USD)
Represented with the $ symbol (and sometimes as B$) and with the banking code BND, the Brunei dollar is the official currency of the Sultanate of Brunei, a Southeast Asian country. The strength of their currency is usually attributed to their crude oil deposits and the stability of their country that is nicknamed “the Abode of Peace”. Exchanging at 1 BND for 0.71 USD, the Brunei Dollar ranks 13th of the strongest and most powerful currencies in the world.
12. Singapore Dollar (1 SGD = 0.71 USD)
The Singapore Dollar is the official currency of the Republic of Singapore, another Southeast Asian country. The legal tender is represented as $ or as S$ while its banking code is SGD. It is exchanged at par with the Brunei Dollar. In fact, the two countries have a Currency Interchangeability Agreement which enables you to use the currency of one country in the other.
11. The Canadian Dollar (1 CAD = 0.72 USD)
The Canadian Dollar has been the currency of Canada since 1958. Before then, it used to be the Canadian Pound. Its symbol is the same as the USD, that is, $. But it is often written as CA$, Can$ or C$ in order to distinguish it from the US Dollar. And just like the US Dollar, the Canadian Dollar is subdivided into 100 cents. Its banking code is CAD. As the 11th strongest currency on Earth, the Canadian Dollar exchanges at 1 CAD to 0.72 USD at the time of writing this.
10. The US Dollar (1 USD = 0.90 Eur/0.76 GBP)
Surprised? Yes, the much popular US dollar is just the 10th of the strongest currencies in the world. The US dollar, however, remains the world’s Reserve Currency, taking up over 60% of the entire globe’s savings.
9. Swiss Franc (1 CHF = 1.03 USD)
Switzerland is notable for its economic stability over the years, especially strong banking system. The same is applicable to the country’s legal tender, the Swiss Franc which at the moment is a little more valuable than the US dollar.
8. European Euro (1 EUR = 1.12 USD)
The European Euro is another world-famous currency. However, it only landed at #7 on the list of the most valuable currencies on Earth. The Euro is mostly used across Europe which boasts several economically highly developed countries; thus, helping to strengthen the value and stability of the currency.
7. Cayman Islands Dollar (1 KYD = 1.20 USD)
The Cayman Islands are three islands located in the western Caribbean sea. The country’s ability to create a conducive atmosphere for banks and other financial institutions contributes a lot to the strength and stability of its currency, the Cayman Islands Dollar.
6. The Gibraltar Pound (1 GIP = 1.307)
The Gibraltar Pound is the currency of Gibraltar, a United Kingdom Overseas Territory (UKOT) that has Spain as her Northern neighbor. The currency sign for the Gibraltar Pound is the same as the British Pound, that is, £. Then, the banking code is GIP. It is currently the sixth among the strongest currencies in the world, exchanging at 1 GIP to 1.30719 USD.
5. British Pounds (1 GBP = 1.31 USD)
Against the expectations of many, the British Pounds Sterling placed #5 on this list of the 20 strongest currencies in the world. Great Britain is one of the most economically developed countries of the world and so it’s not surprising to have their medium of exchange count among the most powerful.
4. Jordanian Dinar (1 JOD = 1.41 USD)
It is quite surprising how Jordan’s legal tender made it to the list of the world’s strong currencies. This is because the country does not count among the economically developed or natural resource rich countries. The Jordan Dinar is presently greater in value than the US Dollar.
3. Omani Rial (1 OMR = 2.60 USD)
The Omani Rial is so valuable that its denominations include a quarter (1/4) and a half (1/2) banknotes. Oman, an Arabian Peninsular country and the issuer of the Omani Rial, maintains a very stable economy and a quality standard of living.
2. Bahrain Dinar (1 BHD = 2.65 USD)
Located on the Persian Gulf, Bahrain’s primary source of income is her exportation of black gold. According to FX, the country’s currency, the Bahrain dinar (BHD) has been steadily greater in value than the US Dollar since 2005.
1. Kuwaiti Dinar (1 KWD = 3.30 USD)
The Kuwaiti Dinar (KWD) is the most powerful currency in the world right now. Just like so many other countries of the world, Kuwait, a Middle Eastern country is rich in oil. However, the country’s good governance and proper management of the oil sector helps them to make the most out of the treasured natural resource; thus, strengthening and stabilizing her currency. The Kuwaiti dinar some years ago, used to be at par with the US Dollar, but over time, the country’s economic improvements caused the currency to exceed the dollar in value.
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