Do you know about countries which have the highest currency values? Well, this post covers a list of the top 20 highest currency in the world. This list of currencies with their values is based on the exchange rates against the US Dollar. Interesting thing to note here is that we are comparing the currencies against the US Dollar only because it’s the most popular.
Kuwaiti Dinar (KWD) is the world’s highest and strongest currency. Kuwait’s unprecendented oil-wealth and stable economy are the reasons for KWD being the highest currency in the world for many years.
List of Strongest Currencies in the World in 2023
-
#20. Turkish Lira
Turkish Lira is the official currency of Turkey, a popular country in Europe. Mineral exploration and production growth are the main reasons for the country’s prosperity.
1 Turkish Lira = 0.15 US Dollar
Currency Code = TRY
-
#19. Brazilian Real
Brazilian Real is the on of the most popular and high in-demand currency in entire South America. Rich Iron Ore reserves and natural resources have made Brazil prosperous and increasing the strength of it’s currency.
1 Brazilian Real = 0.19 US Dollar
Currency Code = BRL
-
#18. Israel New Shekel
This is the official currency of Israel. It is one of the most in-demand currencies. Israel New Shekel is strong because of the country’s oil reserves and raw materials’ export.
1 Israel New Shekel = 0.29 US Dollar
Currency Code = ILS
-
#17. Fijian Dollar
Fijian Dollar is the official currency of Fiji Islands. It replaced Pound in 1969.
1 Fijian Dollar = 0.45 US Dollar
Currency Code = FJD
-
#16. New Zealand Dollar
The New Zealand Dollar exchange rate is so strong because the interest rates in New Zealand is higher than almost anywhere in the world. Another major reason why NZD is in this list because it’s a politically stable nation.
1 New Zealand Dollar = 0.62 US Dollar
Currency Code = NZD
-
#15. Australian Dollar
Ever since Australia replaced the Pound, AUD has been one of the most powerful currencies in the world.
1 Australian Dollar = 0.67 US Dollar
Currency Code = AUD
-
#14. Brunei Dollar
Officially known as the Nation of Brunei is located on the north coast of the island of Borneo in Southeast Asia. Large exports of oil and natural gas has made Brunei one of the richest countries in the world.
1 Brunei Dollar = 0.70 US Dollar
Currency Code = BND
-
#13. Singapore Dollar
This is the official currency of Singapore. Being a strong trading nation, Singapore currency got more stronger over the years.
1 Singapore Dollar = 0.71 US Dollar
Currency Code = SGD
-
#12. Libyan Dinar
Libyan Dinar is considered the most powerful currency in entire continent of Africa. Rich oil resources have made Libyan Dinar valuable.
1 Libyan Dinar = 0.72 US Dollar
Currency Code = LYD
-
#11. Canadian Dollar
Being the major exporters of metals including Gold and Silver have significantly improved the value of Canadian Dollar.
1 Canadian Dollar = 0.73 US Dollar
Currency Code = CAD
-
#10. Swiss Franc
Swiss Franc is the official currency of Switzerland and Liechtenstein. CHF is one of the most stable currencies in the world.
1 Swiss Franc = 1.04 US Dollar
Currency Code = CHF
-
#9. The United States Dollar
The United States Dollar is the most-traded currency worldwide and has the highest demand compared to any currency.
Currency Code = USD
-
#8. Euro
Euro is the official currency of 19 of the 27 member states of the European Union (EU). This group of states is known as the eurozone or euro area
1 Euro = 1.11 US Dollar
Currency Code = EUR
-
#7. Gibraltar Pound
Gibraltar Pound is the official currency of Gibraltar.
1 Gibraltar Pound = 1.20 US Dollar
Currency Code = GIP
-
#6. Cayman Islands Dollar
Cayman Islands Dollar is the official currency of Cayman Islands. This currency was introduced in 1972. Because of it’s strong financial services sector KYD is one of the highest currencies in the world.
1 Cayman Islands Dollar = 1.21 US Dollar
Currency Code = KYD
-
#5. Pound Sterling
Pound Sterling is the official currency of United Kingdom. It is one of the most used currencies worldwide.
1 Pound sterling = 1.23 US Dollar
Currency Code = GBP
-
#4. Jordanian Dinar
Jordanian Dinar is the official currency of Jordan.
1 Jordanian Dinar = 1.41 US Dollar
Currency Code = JOD
-
#3. Omani Rial
Omani Rial is the official currency of Oman and is the 3rd highest currency in the world.
1 Omani Rial = 2.60 US Dollar
Currency Code = OMR
-
#2. Bahraini Dinar
Bahrain being a strong player in oil trade has the 2nd most valued currency.
1 Bahraini Dinar = 2.65 US Dollar
Currency Code = BHD
-
#1. Kuwaiti Dinar
A stable economy and significant oil wealth have made Kuwaiti Dinar the number one ranked currency in the world.
1 Kuwaiti Dinar = 3.24 US Dollar
Currency Code = KWD
Conclusion
That is all on the list of the top 20 highest currencies in the world as of 2023. Hopefully, you found this post useful. Keep visiting us for more updates from the world of finance.
FAQs About World’s Highest and Strongest Currencies
What is the strongest currency in the world 2023?
Kuwaiti Dinar is the strongest currency in the world in 2023. 1 Kuwaiti Dinar equals 3.24 United States Dollar
Which currency has the highest value in the world?
Kuwaiti Dinar (against the US Dollar) has the highest value in the world. The high value rate of KWD is due to significant oil exports into the global market.
What is the weakest currency in the world?
Iranian Rial is the weakest currency in the world. 1 United States Dollar equals 42,105.00 Iranian Rial.
Top 15 Lowest Currencies in the World
Who has the strongest dollar?
Kuwaiti Dinar (KWD) has the strongest dollar. 1 KWD = 3.24 USD
Why is Euro stronger than Dollar?
Euro is stronger than Dollar because Euro’s supply is relatively lower than it’s demand. Less Euros implies each individual Euro is worth more.
What is the most stable currency?
Swiss Franc (CHF) and Cayman Islands Dollar (KYD) are two of the most stable currencies.