ForexTravel Trivia

Highest Currency in the World in 2020

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It is a common knowledge that value of currencies around the world change on a regular basis. Some currencies are considered stronger than many others. There are countries where the Highest Currency is not more than 20 while there are many others where the currency’s lowest value starts from 10000 and beyond.  

One must know the values of the highest currencies in the world as this proves very helpful in multiple scenarios. When it comes to travel and tourism to any other country, it sounds simpler and easier to convert the local currency to the one that has the highest global value and then convert it to the local currency of the country where you are travelling. This assures profitable exchange rate compared to when you do so with your own country’s currency. Most of the travellers visiting Thailand, Singapore, Malaysia and similar countries from India follow this rule where they convert INR to Dollar and then get it exchanged with local currency of that particular country.  

Many people believe that Dollar and Pound are the strongest currencies in the world and have great influence over the other currencies. This is not true though as there are several currencies whose conversion rates are way higher than Dollar and Pound. 

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List of Highest Currencies in the World in 2020

The below list will give you an idea about the top highest currency value in the world and which exchange rate will be the most profitable.

Sr.No. Highest Currency in the World Value of In INR (in Jan 2020)
1 The United States Dollar 1 USD 71 INR
2 Swiss Franc 1 CHF 74 INR
3 Cayman Island Dollar 1 KYD 85 INR
4 Euro 1 EUR 79 INR
5 Gibraltar Pound 1 GIP 87 INR
6 British Pound 1 GBP 93 INR
Jordanian Dinar 1 JOD 100 INR
8 Omani Rial 1 OMR 184 INR
9 Bahraini Dinar 1 BHD 188 INR
10 Kuwaiti Dinar 1 KWD 233 INR

10. The United States Dollar

Despite being in high demand when it comes to conversion, US Dollar stands far behind in the list of strongest currencies in the world. Right now, value of 1 Dollar is equal to 70.94 INR and the rate keeps oscillating regularly. Dollar is a common standard currency among international businesses especially those who don’t belong to the gulf countries.

9. Swiss Franc

Swiss Franc or CHF is the national currency of Switzerland and Liechtenstein. Being one of the strongest currencies in the world, Swiss Franc is commonly used in the bank deposits where the money is transferred to offshore accounts. This is the only currency in the world that is unaffected by inflation.

8. Cayman Island Dollar

Cayman Island Dollar is indicated by KYD symbol and is included in the highest currency in the world list. The value of one KYD is equal to 85.21 INR. Cayman Island Dollar is also one of the newest currencies in the world and is in circulation from 1972.

7. Euro

Another new currency in the world, Euro is the primary currency of European Union. Since a number of countries are a part of this union, it works in a majority of countries of Europe. Also, it is counted in the list of the highest currency in the world in 2018 and 2019. The value of 1 Euro is equal to 79.15 INR.

6. Gibraltar Pound

Gibraltar Pound is always mentioned on the same level with British pounds. Being in circulation since 1934, it is one of the strongest currencies in the world with trade value similar to USD. The value of 1 GIP is equal to 87.27 INR.

5. British Pound

Just like Gibraltar Pound, The British Pound holds a strong value among most of the currencies in the world. Pound is regularly used in International trade operations. Apart from United Kingdom, British Pound is also the local currency of Ireland. Its value is equal to Gibraltar Pound but is more commonly used in trade and international business.

4. Jordanian Dinar

Commonly mentioned as JOD, Jordanian Dinar is one of the strongest currencies in the world. 1 JOD is equal to 100.02 INR and very common among the traders who are working in the oil industry. Compared to many other currencies, JOD came in circulation in 1949 and soon outperformed many other strong currencies.

3. Omani Rial

Another strong currency from the Middle East, the Omani Rial is the third. 1 OMR value is equal to 184.25 INR which makes the exchange rate very profitable among the expats living and working there. Before 1940, Oman used to have INR as its local currency which was soon replaced by a better stronger currency.

2. Bahraini Dinar

Bahraini Dinar or BHD is the local currency of Bahrain. Being the second strongest currency in the world, it offers a lot of advantages to the Indians living here as expats. The value of 1 BHD is equal to 188.15 INR. Just like Oman, INR used to be the official currency of this country which was replaced with local banknote in 1959.

1. Kuwaiti Dinar, Highest Currency in the World

Kuwaiti Dinar holds the reputation of being the strongest currency in the world. Abbreviated to KWD, Kuwaiti Dinar is commonly used in oil based transactions in Middle East. KWD has the highest currency in the world against Indian rupee as 1 Kuwaiti Dinar is equal to 233.75 INR. It is also interesting to note that there is one 1 millionaire among 20 citizens of Kuwait. This is remarkable considering that Kuwait’s population is only 3.1 million. No wonder KWD has been so strong.

Find the best exchange rates with Thomas Cook

We, at Thomas Cook offer easy currency exchange solutions. Irrespective of the country you are visiting, we will help you find the best currency exchange rates. You can also keep an eye on the current value of the exchange rate through our state of the art portal where currency rates are updated in real time.

Also Read : 1 USD to INR from 1947 to 2019

Send Money Quickly
Send money abroad to your loved ones in Just few clicks with our Foreign Exchange services

Frequently Asked Questions about highest currency in the world:

1. Is the US Dollar the strongest currency in the world?

Yes, the US Dollar has proven to be the strongest currency in the world because the relative strength of the US economy supports the value of the dollar.

2. Which is the most stable currency in the world?

Switzerland is the richest country in the world and has the most stable currency – the Swiss Franc. CHF is derived from its Latin name “Confoederatio Helvetica” and the F in CHF stands for Franc. 1 CHF is equivalent to 1.03 USD and 0.93 Euros. Swiss Franc is a considered to be a safe haven currency since it functions as a backup for investors during geopolitical tension or instability.

3. Where can I exchange foreign currency?

Also known as Forex, there are several portals and centres for foreign currency exchange. Most banks also have foreign currency exchange services. Thomas Cook offers easy currency exchange services, no matter the country you are traveling to or the currency you desire to exchange. Visit to know more.

4. How often does the exchange rate fluctuate?

Exchange rates float freely against one another, so they are never steady. The rates are determined depending on the flow of the currency in and out of the country. The higher the demand for a particular currency, the more its value will increase.

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