What are the 5 Strongest Currencies in the World?
As a fixed base currency, we used the United States dollar to compare the values of the currencies. According to this definition, a currency is considered strongest when compared to the US dollar. In other words, the currency that gives you one US dollar has the smallest return.
1. Kuwaiti Dinar – (1 KWD = 3.26 USD)
Kuwait’s currency is the Kuwaiti dinar. There are 1,000 fils in a dinar. Currently, the Kuwaiti dinar is the strongest circulating currency. It is equivalent to one Kuwaiti dinar equal to 3.26 United States dollars, which is right behind the Bahraini dinar, with one Bahraini dinar equal to 2.65 United States dollars.
2. Bahraini Dinar – (1 BHD = 2.65 USD)
Bahrain’s currency is the dinar. There are 1000 fils in one dinar. Bahraini dinars are abbreviated as BD or BD. Three decimal places are usually used to denote the fils. Derived from the Roman denarius, the dinar is also known as the dinar.
3. Omani Rial – (1 OMR = 2.59 USD)
On our list of the world’s strongest currencies, the Omani Rial ranks third. In 1973, this Arabian currency was first introduced and has appreciated considerably due to the success of the country’s oil supply and its pegged relationship with the U.S. Dollar. In addition to being the Sultanate of Oman’s money, it is also the third-highest status currency in the world.
4. Jordanian Dinar – (1 JOD = 1.41 USD)
Since 1950, Jordan has been using the Jordanian dinar as its currency. There are three ways to divide the dinar: 10 dirhams, 100 qirsh, or 1000 fulus. A US dollar peg is in place. Jordan’s Central Bank began operations in 1964, replacing the Jordan Currency Board as the sole issuer of Jordanian currency.
5. Pound Stirling – (1 GBP = 1.26 USD)
Despite the fact that the Pound Stirling is often considered the strongest currency in the world, it is actually outperformed by four Arab currencies. As a result of the United Kingdom’s decision to leave the EU, the Pound has lost value. In 1489, it became the world’s first independent currency and is one of the most widely-used currencies. Currently, one British pound is equal to 1.26 US dollars.
Also See: How to Save 10000 Dollars in One Year?
