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TOP 10 – The Most Expensive World Currencies in 2019

#1
What do you think, which currency is the most expensive in the world today?
Most believe that the British pound is the highest currency; however, as it turned out it is not.
Especially, for blog readers, we compiled the list of the strongest world currencies (Dated 10 Dec 2019).
By the way, we also have the TOP 10 of the weakest world currencies.
#1 – Kuwait Dinar ($3.29)
[Image: currency-dinar-front.jpg]


Currency code – KWD.
Kuwaiti Dinar rates:
1 KWD = 3.29 USD (Kuwaiti dinar to US dollar).
1 KWD = 2.97 EUR (Kuwaiti dinar to euro).

The highest currency in the world is Kuwaiti Dinar (against the US Dollar).
Kuwait is a small country with enormous wealth. The high value (rate) of its currency is explained by significant oil exports into the global market.



#2 – Bahrain Dinar ($2.66)
[Image: currency-bahraini-front.png]


Currency code – BHD.
Bahrain Dinar rates:
1 BHD = 2.66 USD (Bahrain Dinar to US Dollar).
1 BHD = 2.40 EUR (Bahrain Dinar to Euro).

The Bahrain Dinar is the second most valuable currency.
Bahrain is a Persian Gulf island state with a population of just over 1 million people. As in the first case, this country’s largest source of income are the «black gold» exports.
It is interesting that the Bahrain Dinar is pegged to US Dollar exchange rate, and its rate against the US Dollar has remained stable since 2005 already.
#3 – Oman Rial ($2.60)
[Image: currency-omani-front.png]


Currency code – OMR.
Oman Rial rates:
1 OMR = 2.60 USD (Oman Rial to US Dollar).
1 OMR = 2.34 EUR (Oman Rial to Euro).

Oman is a country on the Arabian Peninsula. Thanks to its strategic location, it possesses a developed economy and a high quality of life.

#4 – Jordan Dinar ($1.41)

[Image: currency-jordani-front.png]


Currency code – JOD.
Jordan Dinar rates:
1 JOD = 1.41 USD (Jordan Dinar to US Dollar)
1 JOD = 1.27 EUR (Jordan Dinar to Euro).

It is hard to explain the high value of Jordan Dinar. This country is not economically developed and it lacks essential resources, such as oil.
Nevertheless, one Jordan Dinar costs 1.41 US Dollar, what makes it one of 10 the strongest world currencies.

#5 – British Pound Sterling ($1.32)

[Image: currency-pound-front2.png]


Currency code – GBP.
British Pound Sterling rates:
1 GBP = 1.32 USD (British Pound Sterling to US Dollar).
1 GBP = 1.19 EUR (British Pound Sterling to Euro).

Most people think that British Pound is the strongest world currency, but it only closes the top five of this list.
British Colonies issue their own banknotes, which visually differ from banknotes issued by the Bank of England, but they are valued as 1 per 1.
Therefore, there are several of them: Scottish, North Ireland, Manx, Jersey, Guernsey, Gibraltar Pounds, as well as St. Elena Island Pound and Falkland Islands Pound.
Amusingly, native Britons do not always want to accept «other» Pounds as a means of payment.
#6 – Cayman Islands Dollar ($1.22)
[Image: currency-cayman-front.png]


Currency code – KYD.
Cayman Islands Dollar rates:
1 KYD = 1.22 USD (Cayman Islands Dollar to US Dollar).
1 KYD = 1.01 EUR (Cayman Islands Dollar to Euro).

Cayman Islands is one of the world’s best tax havens. These islands provided licences for hundreds of banks, hedge funds and insurance companies.
Thanks to its leadership among tax havens, Cayman Islands Dollar costs near 1.22 US Dollar.
#7 – European Euro ($1.11)
[Image: currency-euro-front2.png]


Currency Code – EUR.
European Euro rate:
1 EUR = 1.11 USD (European Euro to US Dollar).

The euro currency has strengthened over the past few years. This allowed it to raise the list of the most powerful currencies. Partially, its strength is explained by the fact that it is the official world currency in European countries among which you will find several economically developed countries.
Besides, Euro is the second reserve world currency enveloping 22.2% of all world savings (US Dollar has 62.3%).

#8 – Swiss Franc ($1.01)

[Image: currency-frank-front.png]


Currency code – CHF.
Swiss Franc rates:
1 CHF = 1.01 USD (Swiss Franc to US Dollar).
1 CHF = 0.91 EUR (Swiss Franc to Euro).

Switzerland is not only one of the richest countries in the world, but it is also one of the most stable. Its banking system had long been known for its formerly resolute «Bank Secrecy».
Besides, its high-tech goods are very well known all around the globe.
Pay attention when you see an original of this banknote. This is the only banknote I saw which has the vertical view.
#9 – US Dollar
[Image: currency-dollar-front.png]


Currency code – USD.
US Dollar rate:
1 USD = 0.90 EUR (US Dollar to Euro).

Owing to USA world economic leadership, its currency achieved such a title as «World Reserve Currency». In other words, you can make dollar payments everywhere (in any country).
#10 – Canadian dollar ($0.754)
[Image: currency-cad-front.jpg]


Currency code – CAD.
Canadian dollar rates:
1 CAD = 0.75 USD (Canadian dollar to US Dollar).
1 CAD = 0.68 EUR (Canadian dollar to Euro).

The Canadian dollar is the fifth largest reserve world currency. Canadian dollar is often called the «loonie» in honor of the bird depicted on the coin worth 1 dollar.

Out of TEN

Due to the dynamically changing economic and political situation in the world, it is hard for some currencies to remain in this ranking, so here is the list of currencies that left the top ten of previous periods.
Australian dollar ($0.68)
[Image: currency-aud-front.jpg]


Currency code – AUD.
Australian dollar rates:
1 AUD = 0.68 USD (Australian dollar to US Dollar).
1 AUD = 0.62 EUR (Australian dollar to Euro).

An interesting fact is that the new series of Australia banknotes, as pictured above, would have a tactile feature (Braille) to help the visually impaired community to tell the value of the banknote.
Also in Australia, the fight against cash is conducted by reducing the share of cash payments when making small retail purchases.
Libyan Dinar ($0.71)
[Image: currency-lybia-front.png]


Currency code – LYD.
Libyan Dinar rates:
1 LYD = 0.71 USD (Libyan Dinar to US Dollar).
1 LYD = 0.64 EUR (Libyan Dinar to Euro).

The Libyan Dinar has token money called Dirham. It is interesting that one Dinar is equal to 1,000 Dirham, and not 100, as we all used to think.
Azerbaijani manat ($0.59)
[Image: currency-manat-front.png]


Currency code – AZN.
Azerbaijani manat rates:
1 AZN = 0.59 USD (Azerbaijani manat to US Dollar).
1 AZN = 0.53 EUR (Azerbaijani manat to Euro).

It was a surprise to see Azerbaijani manat in this list. However, the currency of this Central Asian country is a little bit weaker than US Dollar.
The economy of this country is surprisingly strong, and its unemployment rate is low.
Is the high value of the currency a sign of a strong economy?
It is known that the currencies of not very successful countries tend to decrease in value. However, when everything is in order with the economy, we can hardly see the opposite effect.
Indeed, in practice, there were practically no cases when the value of a currency was constantly increasing. The reasons may be different, for a country the constant strengthening of the currency is not profitable, because the population is beginning to actively save funds instead of spending them.
Thus, the high value of the currency only says that inflation processes in the country are under control.
In the context of this article, mention should also be made of Japan and its being one of the strongest economies in the world. At the same time, the value of the Japanese yen is very small, $1 = ¥ 108.74.
Information about the highest value of currencies can hardly be used by investors to make any investment decisions. In this case, it is better to consider the most stable currencies.

In addition, we learned that it is not allowed to use banknotes without the “SPECIMEN” title. So follow the law, friends!
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