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What are the Top 10 High­est Cur­ren­cy in the World?

Do you want to find out what is the high­est cur­ren­cy in the world 2018? Per­haps you would like to learn more inter­est­ing facts about the strongest cur­ren­cy in the world? We have list­ed the top 10 coun­tries with the high­est cur­ren­cy for you and describe each one of them in a detail!

Highest currency in the world 2018 - Top 10
inRead invent­ed by Teads

Fac­tors of the high­est cur­ren­cy in the world

There is a dif­fer­ent cur­ren­cy in every coun­try, which is the rea­son why every cur­ren­cy has a cer­tain val­ue if you attempt to exchange it for the oth­er ones. It is wide­ly known and believed that the pros­per­i­ty and devel­op­ment of a coun­try affects its cur­ren­cy val­ue.

Strongest currencies in the world 2017

There are around 180 cur­ren­cies in the mod­ern soci­ety. All of them have dif­fer­ent val­ues. Some peo­ple might assume by mis­take that the most expen­sive cur­ren­cies are dol­lar, euro or British pound. But this is absolute­ly wrong: there are some high­er val­ued cur­ren­cies than these three.

In the eco­nom­ic field, the rat­ings that deal with the high­est cur­ren­cy and its rela­tion to the local one are reg­u­lar­ly put togeth­er. It should be clar­i­fied that the rat­ings men­tion the same cur­ren­cies all the time.

The US Dollars
The Unit­ed States Dol­lars

Strongest cur­ren­cy in the world

10. The Unit­ed States Dol­lar

If you were won­der­ing which cur­ren­cy has the high­est demand, it is def­i­nite­ly the Dol­lar. This mon­ey val­ue is used basi­cal­ly in all the coun­tries of the world. The dol­lar exchange rate fluc­tu­ates very often, and now it is approx­i­mate­ly 360.473 Naira per dol­lar. For all cur­ren­cies, we have tak­en exchange rates from the XE Cur­ren­cy Con­vert­er.

Swiss Franc currency
Swiss Francs

9. Swiss Franc

Swiss franc (short­ened to CHF) is the nation­al cur­ren­cy of Switzer­land and Liecht­en­stein. The Swiss franc tra­di­tion­al­ly refers to the cur­ren­cies which are used in tax havens or off­shore zones, with no infla­tion, leg­isla­tive­ly secured gold, and for­eign exchange reserves. 1 CHF price is 374.707 NGN.

Cayman Islands money
Cay­man Islands dol­lar

8. Cay­man Islands Dol­lar

Cur­rent­ly, you can get one Cay­man Islands dol­lar for 439.621 NGN. It is indi­cat­ed by a spe­cial KYD sym­bol. This dol­lar was offi­cial­ly intro­duced to the mon­ey mar­ket in mid-1972 and is now suc­cess­ful­ly used. The course has a direct rela­tion to the cur­rent dol­lar rate. If the dol­lar’s price changes, the par­al­lel change in the rate of this unit to world cur­ren­cies will also hap­pen. This has to be tak­en into account when we con­sid­er the Cay­man dol­lar price.

Euro money
Euros

7. Euro

Euro is known to be the pri­ma­ry mon­ey unit of the Euro­pean Union, which includes a huge num­ber of Euro­pean coun­tries. Its spe­cial des­ig­na­tion is EUR. Due to the preva­lence in the EU, euro has become extreme­ly pop­u­lar all over the world. This is why it quick­ly has become known as the most expen­sive cur­ren­cy. Today it is used not only in cash set­tle­ments but also high­ly pop­u­lar in non-cash orga­ni­za­tions. 17 coun­tries of the EU use Euro. The rate of this cur­ren­cy in rela­tion to the Niger­ian Naira is approx­i­mate­ly 442.100 NGN.

Gibraltar Pound
Gibral­tar Pound (GIP)

6. Gibral­tar Pound

This cur­ren­cy late­ly made the list of the most expen­sive mon­ey in the world. Gibral­tar Pound, which is abbre­vi­at­ed as GIP, is on the lev­el of British pounds, and this is the rea­son why it is trad­ing at the same rate as the Unit­ed States dol­lar. Gibral­tar Pound appeared in 1934. It is curi­ous to know that the mon­ey of Gibral­tar is of the same size as Unit­ed States mon­ey, but they have a dif­fer­ent ban­knote design.

The rate of the Gibral­tar Pound rel­a­tive­ly to the Niger­ian Naira is approx­i­mate­ly 496.673 NGN.

British Pound
British Pound (GBP)

5. British Pound

One of the most expen­sive and famous world cur­ren­cy funds is the British Pound (GBP). It is often used in the inter­na­tion­al trade oper­a­tions. It cir­cu­lates every day in the UK, as well as in North­ern Ire­land. Nowa­days, approx­i­mate­ly 496.722 NGN is the rate for one pound.

After the World War II in 1945, the British pound obvi­ous­ly lost in val­ue, which was due to the eco­nom­ic fall of the first years after the war and the coun­try’s Amer­i­can cap­i­tal. After a short while, the Pound its posi­tions on the world mar­ket. Today, it is one of the most demand­ed inter­na­tion­al finan­cial units. GBP is con­stant­ly being enhanced in val­ue com­pared to the oth­er world nation­al cur­ren­cies.

It is impor­tant to notice that dif­fer­ent admin­is­tra­tive areas of Great Britain have ban­knotes that look dif­fer­ent­ly. This fact does not con­tra­dict the mod­ern coun­try leg­is­la­tion, and the mon­ey can be accept­ed in dif­fer­ent banks world­wide.

Jordanian Dinar currency
Jor­dan­ian Dinar

4. Jor­dan­ian Dinar

Except for the expen­sive cur­ren­cies that are list­ed above, one of the most well-known and pricey ones is also Jor­dan­ian dinar. It costs about 508.441 NGN. This cur­ren­cy is known by the abbre­vi­a­tion JOD. It start­ed being pro­duced and was put in com­mon use in late 1949. Soon enough, it out­per­formed the Pales­tin­ian pound.

There are images of roy­al fam­i­ly and beau­ti­ful design on this ban­knote, so its style is def­i­nite­ly con­sid­ered out­stand­ing. The ban­knote has some inscrip­tions in the Ara­bic lan­guage. This cur­ren­cy looks attrac­tive to many peo­ple from a plen­ty of coun­tries. With this cur­ren­cy, it is very much pos­si­ble to per­form prof­itable oper­a­tions on the world­wide trade mar­ket.

Currency of Oman
Omani Rial

3. Omani Rial

This cur­ren­cy is ranked third among the most expen­sive cur­ren­cies in the world. It is short­ened to OMR. One Omani rial equals about 937.541 NGN. This is the first ban­knote that has mes­sages in Eng­lish on one side, and signs in Ara­bi­an on the oth­er side. Omani rial went into cir­cu­la­tion in late 1979, replac­ing Said­i­an real. Now, these ban­knotes are con­sid­ered pro­tect­ed from fake ones in the best way, and their design is one of the most beau­ti­ful and attrac­tive ban­knote designs.

Bahraini Dinar currency
Bahrai­ni Dinar

2. Bahrai­ni Dinar

Cur­rent­ly, one Dinar equals around 958.735 NGN. Ear­li­er, the Indi­an rupee was the nation­al cur­ren­cy of Bahrain. Start­ing from mid-1959, the ban­knote called Per­sian rupee has been cir­cu­lat­ing in the coun­try. After six long years, Per­sian Rupee total­ly lost its price, and the gov­ern­ment of Bahrain made a deci­sion to cre­ate their own cur­ren­cy. It is writ­ten as BHD. Bahrai­ni Dinar is usu­al­ly wide­ly used in the world­wide oil trade oper­a­tions.

Last­ly, here is an answer to your pos­si­ble first ques­tion: what is the most expen­sive cur­ren­cy in the world? The high­est cur­ren­cy in the world, as of today, is Kuwaiti dinar.

Kuwaiti Dinar currency
Kuwaiti Dinar

1. Kuwaiti Dinar

This cur­ren­cy is abbre­vi­at­ed as KWD. The price of one Kuwaiti dinar equals approx­i­mate­ly 1,197.92 NGN. That’s why Kuwait is a coun­try with the high­est nation­al cur­ren­cy in the world. Sta­tis­ti­cal­ly, the gen­er­al pop­u­la­tion of Kuwait is about 3.1 mil­lion peo­ple. It is inter­est­ing that one in sev­en­teen peo­ple in Kuwait is con­sid­ered to be a mil­lion­aire depend­ing on this per­son­’s income per year.

This coun­try is wealthy and pros­per­ous, and 10% of the world’s oil reserves indi­cate that. Fur­ther­more, the val­ue of Kuwait­’s nation­al cur­ren­cy keeps grow­ing every year com­pared to many oth­er cur­ren­cies which are falling. The Kuwaiti dinar was intro­duced to the mar­ket in the mid­dle of 1961. Before that, the coun­try used Indi­an rupee. It was con­sid­ered the first and main cur­ren­cy of the state. Now Kuwait­’s dinar is the most valu­able cur­ren­cy in the entire world in rela­tion to Naira and a huge amount of oth­er mod­ern glob­al cur­ren­cies.

Money is not everything

We have list­ed the most valu­able cur­ren­cies in the world for 2018. They offi­cial­ly cir­cu­late on the ter­ri­to­ries of world’s dif­fer­ent coun­tries and have a large role in world com­mer­cial trade. Every trad­er needs to know about the pri­ma­ry cur­ren­cies and the pos­si­ble changes in their rates. The coun­try with the high­est cur­ren­cy is cur­rent­ly Kuwait.

2 thoughts on “What are the Top 10 High­est Cur­ren­cy in the World?

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