Many individuals may think of the British Pound or the United States Dollar as the world’s highest currencies. However, the value of the currency depends on the exchange rate and not how wealthy the country is. For example, the United States Dollar is not the highest currency globally even though it is the most traded.
Given in the table below are the strongest currencies when compared to the Indian rupee:
|Kuwaiti Dinar (KWD)||Rs.248.84|
|Bahraini Dinar (BHD)||Rs.202.37|
|Omani Rial (OMR)||Rs.198.17|
|Jordanian Dinar (JOD)||Rs.107.60|
|British Pound (GBP)||Rs.95.80|
|Gibraltar Pound (GIP)||Rs.95.80|
|Cayman Island Pound (KYD)||Rs.91.68|
|Swiss Franc (CHF)||Rs.78.75|
|United States Dollar (USD)||Rs.76.29|
The prices mentioned above are the currency’s value as on 29 April 2022.
- Kuwaiti Dinar
- Bahraini Dinar
- Omani Rial
- Jordan Dinar
- British Pound
- Gibraltar Pound
- Cayman Islands Dollar
- Swiss Franc
- US Dollar
When it was launched, the value of the KWD was similar to the GBP. Currently, it is the strongest currency worldwide.
The currency can be used only in Bahrain. Similar to other Arabic currencies, the BHD is split into 1,000 units.
Oman’s national currency is the Omani Rial. The value of the currency rose due to the increase in the oil export from the country.
Jordan’s national currency, the JOD was earlier known as the Palestinian pound. In 1950, it became the country’s official currency.
The GBP is the oldest currency that is still used and is the fourth highest currency that is traded globally.
Gibraltar’s national currency is known as the Gibraltar Pound and has the same value as the British Pound. In Gibraltar, both the GBP and GIP can be used.
Cayman Islands’ national currency is the Cayman Islands Dollar. The KYD is the seventh highest currency worldwide.
In 19 countries, the official currency is the Euro. Some of the countries where the Euro is the official currency are Spain, France, and Germany.
Liechtenstein’s and Switzerland’s national currency is the Swiss Franc. The Swiss Franc is the seventh highest currency worldwide.
Many commercial banks and central banks in the world hold the US Dollar as the primary reserve currency. The USD is the tenth strongest currency in the world.