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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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.
Highest Currency in the World
In INR (in Jan 2020)
The United States Dollar
Cayman Island Dollar
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.
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
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.
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You can also keep an eye on the current value of the exchange rate
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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 https://www.thomascook.in/ 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.