Ranking of the most expensive currency in the world

Ranking of the world's most expensive currencies

The ranking of the most expensive currencies in the world is related to their exchange rates against the US dollar. Which is currently the strongest global currency, and the most traded around the world, and thus this arrangement is subject to change based on the currency exchange rates against the US dollar, and the following table shows the most expensive currencies in the world and the highest value according to the exchange rates for the year 2020 AD:

The most expensive currencies in the world

The following shows the most important information related to the most expensive world currencies mentioned above:

Kuwaiti dinar

The Kuwaiti dinar is the national and official currency in the State of Kuwait since 1961 AD, and it is symbolized by the international symbol (KWD), although the State of Kuwait is considered a small country; However, it is rich in natural resources and oil. As the large volume of its oil exports in the global markets contributes to the rise in the exchange rate of its currency, and the Central Bank of Kuwait undertakes the task of offering the Kuwaiti currency issues for trading in the financial markets, noting that the currently circulating issue was launched in 2014 AD, and it is the sixth issue in the history of the Kuwaiti currency, and it included banknotes within The following denominations: (0.25, 0.5, 1, 5, 10, 20) Kuwaiti dinars, and it should be noted that one Kuwaiti dinar consists of 1,000 fils.

Bahraini dinar

The official start of trading in the Bahraini dinar in the State of Bahrain in 1965 AD; When it replaced the Gulf rupee, it became the official national currency in Bahrain, and one Bahraini dinar consists of 1,000 fils, and is abbreviated by the international symbol (BHD). It should be noted that the Bahraini dinar is currently available in the financial markets in four metal categories, namely: (1 , 5, 10, 20) fils, as well as six banknotes, namely: (5, 10, 25, 50, 100, 500) Bahraini dinars.

The Omani Rial

The Omani Rial is the official and circulating currency in the Sultanate of Oman, and it was introduced for trading for the first time in the financial markets in 1972 AD; As an alternative to the Saudi riyal, which was the currency used before, and one Omani riyal consists of 1,000 baisas, and the Omani currency is available in the form of coins in the following denominations: (5, 10, 25, 50) baisas, in addition to being available in the form of banknotes, They are: (0.5, 1, 5, 10, 20, 50) Omani riyals. It should be noted that the high purchasing power of the Omani riyal contributed to the Omani government issuing banknotes of low value, such as the half-riyal note.

Jordanian Dinar

The Jordanian dinar officially started trading in the Hashemite Kingdom of Jordan in 1950 AD; When it replaced the Palestinian pound, it became the national and official currency in Jordan, and one Jordanian dinar consists of 1,000 fils or 100 piastres, and is symbolized by the international symbol (JOD), noting that the Jordanian currency is available at the present time in the form of banknotes in the following denominations: ( 1, 5, 10, 20, 50) dinars, in addition to their availability in the form of coins in denominations: half a dinar, a quarter of a dinar, (5, 10, 25, 50, 100) fils.

Other currencies

• Sterling pound: It is the official and circulating currency in the United Kingdom, and in some of its affiliated places. As British Overseas Territories, this currency is referred to as the universal symbol (GBP), and is also symbolized by the formal symbol (£), and it is considered the oldest currencies in the world; which is still in use to this day.
• Cayman Islands dollar: It is the currency in circulation in the Cayman Islands, and is abbreviated by the International Symbol (KYD), and one Cayman Islands dollar consists of 100 cents; Note that this currency is available in the form of coins in the following denominations: (1, 5, 10, 25) cents, in addition to its availability in the form of banknotes, which are: (1, 5, 10, 20, 50, 100) dollars.
• euro: It is the official and circulating currency in nineteen of the twenty-eight countries of the European Union, which is called the Eurozone. It is the second most traded currency around the world, and the second largest global reserve currency after the US dollar.
• Swiss franc: It is the official currency of the state of Switzerland, and it is known as the global symbol (CHf), and it is distinguished as a stable, difficult and safe currency. As it is usually bought in the financial markets because of its stability and reliability.
• Canadian dollar: It is the official and circulating currency in the State of Canada since 1871 AD; When the Canadian Parliament passed a law according to which the Canadian dollar was adopted as the official unified currency in the country, and the Canadian dollar is known as the universal symbol (CAD), as it is indicated by the formal symbol (C$); To distinguish it from the US dollar ($).

The world's least valuable currency against the US dollar

It is difficult to arrange the world's least valuable currencies against their exchange rate in US dollars in a clear order. Due to the fluctuation of economic conditions in countries that adopt the use of these currencies and their instability, however, it is possible to consider the following currencies as the cheapest currencies at the present time against the US dollar; According to the statistics for the middle of 2020 AD:

• Iranian Rial: One US dollar is equivalent to approximately 220,200 Iranian rials.
• Venezuelan bolivar: One US dollar equals approximately 206,522 Venezuelan bolívars.
• Vietnamese dong: One US dollar equals approximately 23,260 Vietnamese dong.
• Indonesian rupiah: One US dollar equals approximately 14,786 Indonesian rupiahs.
• Uzbekistani Som: One US dollar is equivalent to approximately 10,134 Uzbekistani soms.
• Sierra Leone: One US dollar is equivalent to approximately 9,779 Sierra Leonean leone.
• Guinean franc: One US dollar is equivalent to approximately 9,414 Guinean francs.
• Cape Lao: One US dollar equals approximately 9,001 Laotian kip.
• Paraguayan Guaraní: One US dollar equals approximately 6,583 Paraguayan Guarani.
• Cambodian Riel: One US dollar equals approximately 4,103 Cambodian riyals.