Every citizen is so curious to know his country's currency value and also other country's.However, the currency value is not stable.Most valuable currency doesn't necessarily mean that the currency is better investment option or that it represents a better economic health of a nation.The world’s economy experiences a dynamic switching where one country enjoys a smooth GDP while the other suffers its best. What makes a country expensive or cheap is the value of its currency and the best way to judge a currency’s worth is to compare it with the US dollar. Please find below the list of expensive currency in their order of expensiveness.
1.Kuwaiti Dinar
currency:Dinar
Value of 1 dinar against dollar: $3.51
Value of 1 dinar against rupee: Rs.209.91
Kuwait is the country which has very stable and strongest currency unit as compared to other countries. which is very strong and stable. If it is compared with other units it will be the highest valued. Kuwait has been involved in talks this year with five other Gulf Arab monarchies to form a single currency. The Kuwait currency is currently pegged to the dollar.
2.Bahrain Dinar
currency:Dinar
Value of 1 dinar against dollar: $2.65
Value of 1 dinar against rupee: Rs.158.49
A small island nation, approximately 3.5 times the size of Washington DC, Bahrain is geographically central in relation to its Persian Gulf neighbors. Its industry relies on petroleum production and refining, as well as financial services and construction. With an exchange rate to the US dollar at around $2.65 for one Bahraini Dinar, it’s the third most valuable currency in the world. It’s also expected to be relatively steady, as it was officially pegged to the dollar in 2001.
3.Omaini Rial
currency:Rial
Value of 1 rial against dollar: $2.60
Value of 1 rial against rupee: Rs.155.20
Oman, a country on the east coast of Africa, has had its currency exchange rate pegged to the dollar at a rate of 1 OMR = $2.60 US since 1986. With that pegged relationship holding firm, seems as though the Rial’s fate remains tied to the fate of the dollar. There was a time when India rupee was the main currency, along with Maria Theresa Thaler, circulating in Muscat and Oman. In 1940, however, the rial was made the currency of Oman.
4.Latvian Euro
currency:Lats
Value of 1 lats against dollar: $1.89
Value of 1 lats against rupee: Rs.112.76
First introduced in 1922, lats were replaced with Soviet ruble when USSR occupied the country. After the country regained independence, the currency was reintroduced in 1993.
In June 2013, European Union asses the Latvia and gave it the green light to introduce euro. Lats will no longer be the country’s currency from January 1, 2014, once euro is introduced.
5.UK Pound
currency:Pound
Value of 1 pound against dollar: $1.53
Value of 1 pound against rupee: Rs.91.64
The pound sterling is the world’s oldest currency still in use and it is the fourth most traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.
Sterling is also the third most held reserve currency in global reserves (about 4 per cent)
6.Jordanian Dinar
currency:Dinar
Value of 1 dinar against dollar: $1.41
Value of 1 dinar against rupee: Rs.84.51
Jordan may lack water and crude oil but the Mideast kingdom has one thing going for it – a strong currency. From 1927 to 1950, the Palestine Currency Board issued Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate, according to Wikipedia. When Jordan became independent in 1946, the country wanted its own currency and Jordanian dinar became the kingdom’s official currency.
7.European Union Euro
currency:Euro
Value of 1 euro against dollar: $1.33
Value of 1 euro against rupee: Rs.79.22
Officially introduced in 1999, the multinational Euro didn’t begin changing hands until January 2001. After a rocky start, the Euro has gained on the dollar for years. The currency is the official currency of eurozone that comprises of 17 countries. Some these include Belgium, Finland, France, Germany, Greece, Italy, Netherlands, Portugal, and Spain. The currency is the second largest reserve currency as also the second most traded in the world.
8.Azerbaijan Manat
currency:Manat
Value of 1 manat against dollar: $1.27
Value of 1 manat against rupee: Rs.75.74
After gaining independence in 1991, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank. The banking system of Azerbaijan consists of the Central Bank of Azerbaijan, commercial banks and non-banking credit organizations.
9.Cayman Islands Dollar
currency:Dollar
Value of 1 dollar against dollar: $1.22
Value of 1 dollar against rupee: Rs.72.99
With no direct taxation, the islands thrive as an offshore financial center, with hundreds of banks, insurers and mutual funds. One Cayman Islands Dollar equals $1.22 US. The earlier currency used in Cayman Islands was Jamaican dollar, which was replaced in 1972. On the islands, the US dollar is accepted as legal currency.
10.Switzerland franc
currency:Franc
Value of 1 franc against dollar: $1.07
Value of 1 franc against rupee: Rs.64.16
Switzerland has a stable, prosperous and high-tech economy. In 2011, it was ranked as being the wealthiest country in the world in per capita terms (with 'wealth' being defined to include both financial and non-financial assets). It has the world's nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity. It is the twentieth largest exporter, despite its size. Switzerland has the highest European rating in the Index of Economic Freedom 2010, while also providing large coverage through public services.
1.Kuwaiti Dinar
currency:Dinar
Value of 1 dinar against dollar: $3.51
Value of 1 dinar against rupee: Rs.209.91
Kuwait is the country which has very stable and strongest currency unit as compared to other countries. which is very strong and stable. If it is compared with other units it will be the highest valued. Kuwait has been involved in talks this year with five other Gulf Arab monarchies to form a single currency. The Kuwait currency is currently pegged to the dollar.
2.Bahrain Dinar
currency:Dinar
Value of 1 dinar against dollar: $2.65
Value of 1 dinar against rupee: Rs.158.49
A small island nation, approximately 3.5 times the size of Washington DC, Bahrain is geographically central in relation to its Persian Gulf neighbors. Its industry relies on petroleum production and refining, as well as financial services and construction. With an exchange rate to the US dollar at around $2.65 for one Bahraini Dinar, it’s the third most valuable currency in the world. It’s also expected to be relatively steady, as it was officially pegged to the dollar in 2001.
3.Omaini Rial
currency:Rial
Value of 1 rial against dollar: $2.60
Value of 1 rial against rupee: Rs.155.20
Oman, a country on the east coast of Africa, has had its currency exchange rate pegged to the dollar at a rate of 1 OMR = $2.60 US since 1986. With that pegged relationship holding firm, seems as though the Rial’s fate remains tied to the fate of the dollar. There was a time when India rupee was the main currency, along with Maria Theresa Thaler, circulating in Muscat and Oman. In 1940, however, the rial was made the currency of Oman.
4.Latvian Euro
currency:Lats
Value of 1 lats against dollar: $1.89
Value of 1 lats against rupee: Rs.112.76
First introduced in 1922, lats were replaced with Soviet ruble when USSR occupied the country. After the country regained independence, the currency was reintroduced in 1993.
In June 2013, European Union asses the Latvia and gave it the green light to introduce euro. Lats will no longer be the country’s currency from January 1, 2014, once euro is introduced.
5.UK Pound
currency:Pound
Value of 1 pound against dollar: $1.53
Value of 1 pound against rupee: Rs.91.64
The pound sterling is the world’s oldest currency still in use and it is the fourth most traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.
Sterling is also the third most held reserve currency in global reserves (about 4 per cent)
6.Jordanian Dinar
currency:Dinar
Value of 1 dinar against dollar: $1.41
Value of 1 dinar against rupee: Rs.84.51
Jordan may lack water and crude oil but the Mideast kingdom has one thing going for it – a strong currency. From 1927 to 1950, the Palestine Currency Board issued Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate, according to Wikipedia. When Jordan became independent in 1946, the country wanted its own currency and Jordanian dinar became the kingdom’s official currency.
7.European Union Euro
currency:Euro
Value of 1 euro against dollar: $1.33
Value of 1 euro against rupee: Rs.79.22
Officially introduced in 1999, the multinational Euro didn’t begin changing hands until January 2001. After a rocky start, the Euro has gained on the dollar for years. The currency is the official currency of eurozone that comprises of 17 countries. Some these include Belgium, Finland, France, Germany, Greece, Italy, Netherlands, Portugal, and Spain. The currency is the second largest reserve currency as also the second most traded in the world.
8.Azerbaijan Manat
currency:Manat
Value of 1 manat against dollar: $1.27
Value of 1 manat against rupee: Rs.75.74
After gaining independence in 1991, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank. The banking system of Azerbaijan consists of the Central Bank of Azerbaijan, commercial banks and non-banking credit organizations.
9.Cayman Islands Dollar
currency:Dollar
Value of 1 dollar against dollar: $1.22
Value of 1 dollar against rupee: Rs.72.99
With no direct taxation, the islands thrive as an offshore financial center, with hundreds of banks, insurers and mutual funds. One Cayman Islands Dollar equals $1.22 US. The earlier currency used in Cayman Islands was Jamaican dollar, which was replaced in 1972. On the islands, the US dollar is accepted as legal currency.
10.Switzerland franc
currency:Franc
Value of 1 franc against dollar: $1.07
Value of 1 franc against rupee: Rs.64.16
Switzerland has a stable, prosperous and high-tech economy. In 2011, it was ranked as being the wealthiest country in the world in per capita terms (with 'wealth' being defined to include both financial and non-financial assets). It has the world's nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity. It is the twentieth largest exporter, despite its size. Switzerland has the highest European rating in the Index of Economic Freedom 2010, while also providing large coverage through public services.
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