Currency is a medium of exchange of goods and services and it is also an identity of a nation. It varies from country to country. Some countries has common currency while others have individual currencies. There are about 180 countries of the world and so do we have currencies too.
Looking at the top 10 strongest currencies in the world, some might think that dollar, pound or even euro are the strongest currencies in the world but funny enough, they are among the strongest but not the strongest.
These currencies list below were compiled by FXSSI, currency Kart and Highest currency.
10. US Dollar
The US dollar is one of the strongest currencies in the world. Infact, it is the most traded and used currency in the world. It is the world primary reserve currency for both central and commercial banks all over the world.
9. Swiss Franc ( 1CHF = 1.01 USD)
This is the official currency of Switzerland and Liechtenstein. It has 10, 20, 50, 100, 200 and 1000 in Banknotes. It is said to be the sixth most today currency in the world.
8. Euro (1Euro = 1.10 USD)
Euro is the official currency of 19 out of 28 European countries. The Euro is said to be the second-largest and second-most traded currency in the world. The banknotes are 5, 10, 20, 50, 100, 200 abd 500. ( The 200 and 500 are rarely used.) Euro was introduced in 1999.
7. Cayman Islands Dollar (1KYD = 1.20 USD)
The next in our list is the Cayman Islands dollar. This is the currency of the Cayman Islands one of the British territory in the Caribbeans. The Cayman replaced their currency in 1972 to take the place of the Jamaican dollar. The Banknotes are: 1, 5, 10, 25, 50, and 100.
6. Gibraltar Pound ( 1GIP = 1.23 USD)
This is the official currency of Gibraltans. It is one of the strongest currencies in the world. It has similar look to the British pounds and are exchangeable the Pound Sterling at Par value. Banknotes: 5 10, 20, 50 and rarely used 100.
5. British pound ( 1GBP = 1.26 USD)
This is the currency of the United Kingdom in the British pounds is the oldest independent currency and one of the world’s most used currency in exchange. It was introduced in 1489. banknotes: 5, 10, 20, 50 and 100, 1,000,000, 100,000,000 rarely used).
4. Jordanian Dinar (1JOD = 1.41 USD)
The official currency of the Jordan is the Jordanian dinar. It was introduced in 1950 to replace the Palestinian pound. This currency is only used in Jordan and it is one of the strongest currencies in the world. The Banknotes are: 1, 5, 10, 20 and 50.
3. Omani Rial (1 OMR = 2.60 USD)
This currency is for the Omans it is the third strongest currency in the world. The currency was established in 1973. The banknotes are: 1/2, 1, 5, 10, 20, 50. Etc.
2. Bahraini Dinar (1BHD = 2.60 USD)
This is the currency of Bahrain. It is the second strongest currency in the world, introduced in 1965 and it’s most expats in Bahrain are the Indians. The bank notes are: 1/2, 1, 5, 10, 20.
1.Kuwaiti Dinar (1 KWD = 3.29 USD)
Now to the world most strongest currency the ‘Kuwait dinar’. This is the world’s highest valued currency. Kuwait is located at the tip of the Persian Gulf, held its independence from the United Kingdom and the Kuwaiti Dinar was introduced in 1961 after their independence. The Banknotes are: 1/4, 1/2, 1, 5, 10, 20.