In the current economic times, currencies are crashing and rising faster than you can say the Dollar. They are becoming a very important factor in determining the health of a nation’s economic health even though they can’t be used comprehensively since there are a number of other factors that come in play. Regardless, the rate at which a country’s currency is able to change versus the American dollar which is the universal currency portrays a lot about a country. With that said, which are the most valuable currencies in the world right now? Some you may have expected but some will come as a complete shocker!
Here are the Most Valuable Currencies In The World
- Swiss Franc (CHF)
- Cayman Islands Dollar
- Azerbaijani Manat (AZN)
- European Euro (EUR)
- Jordanian Dinar (JOD)
- UK Pound Sterling (GBP)
- Latvian Lats (LVL)
- Omani Rial (OMR)
- Bahrain Dinar (BHD)
- Kuwaiti Dinar (KWD)
See Also: Top 10 Largest Economies in Africa
10. Swiss Franc (CHF)
This little country that has been able to enjoy peace and tranquility that has bolstered success comes in as the tenth most expensive and valuable currency with 1CHF equaling $1.08927. While it may be small, the same cannot be said for the currency of this country.
9. Cayman Islands Dollar
Just as the name insinuates, this is the legal currency for the Cayman Islands a country that has been notoriously known as a layer for money launderers because of its liberal banking system. The currency code for this country is KYD and the currency sign for the same is denoted as $ or CI$. It is valued at 1KYD for $1.22838 and it is subdivided into 100 cents. In 1972, the country’s currency got a boost when in the Jamaican dollar was added in an effort to replace it but this did not happen and the two now co-exist in the same market, the KYD is the ninth most valuable currency in the world currently.
8. Azerbaijani Manat (AZN)
Fueled by a low employment rate and high literacy, the economy of this country which is located in Western Asia is in very good health to say the least. Its capital is Baku and its national currency is the Azerbaijani Manat whose currency code is AZN. 1 AZN is equivalent to $1.27495 making it the eighth most expensive currency in the world. The Manat can be further split into 100 qapik (cents).
7. European Euro (EUR)
Now this is one that most people would not have expected to perform so dismally given the economic status of the countries it represents and their respect that runs right across the world. However, that aside, the Euro is the currency for the 25 member states of the Eurozone all located in Europe. The Euro was officially introduced as the main currency in the region in the year 1999 and is marked by the symbol €. 1 Euro is equal to $1.31622 and it is further divided into 100 cents making it the seventh most valuable currency in the world. Aside from that, the Euro holds the second place as an international standard or trading after the USD and is also occasionally used in the foreign exchange market.
6. Jordanian Dinar (JOD)
This is among the little known countries but its mammoth economy and growth have earned it a worldwide respect and this is evidenced by the strength of their currency. The Dinar is the official currency of the Hashemite Kingdom of Jordan which is located in the Asian continent. Its capital is Amman and its currency code is JOD with the value of 1 JOD being equivalent to $1.41044. The official currency was introduced by King Jordan himself in 1940 and has not changed since then steadily strengthening to become the 6th most valuable currency in the world.