The valuation of currencies keeps changing, rising and falling with the tides. Sometimes that change can be gradual, and sometimes that change can be fast. Just look at how the Great Britain Pound has been plummeting following the Brexit Vote. These changes occur as an amalgamation of several factors political and economical. Despite the fact that the American Dollar isn’t one of the most valuable currencies in the world, it is still seen as a benchmark in relation to which other currencies are measured. One may debate about why that is.
However, keeping that in mind we have done a research on the most expensive currency in the world. Below is the description of these currencies along with its value as compared to the dollar bill. Hope you would find this new information handy as well as interesting. So read on …
Table of Contents
- 10 Most Valuable Currencies
- #10. Brunei Dollar – 0.72 American Dollars
- #9. Australian Dollar – 0.76 American Dollars.
- #8. Canadian Dollar – 0.76 American Dollars
- #7. Swiss Franc – 1.01 American Dollars
- #6. Euro – 1.1 American Dollars
- #5. British Pound – 1.22 American Dollars
- #4. Latvian Lats – 1.56 American Dollars
- #3. Omani Rial – 2.6 American Dollars
- #2. Bahraini Dinar – 2.65 American Dollars
- #1. Kuwaiti Dinar – 3.3 American Dollars
10 Most Valuable Currencies
Here’s a list of the top ten most valuable currencies in the world as of now, and how they measure up against the US dollar.
#10. Brunei Dollar – 0.72 American Dollars
This has been around since 1967, to be used by Singapore and Brunei. Its denominations include notes of 1, 5, 10, 50 and 100. Brunei isn’t as well known as Singapore, but it is a country in the Southeast of Asia, and despite it being a fairly small Sovereign State, it has quite the wealthy economy. This is primarily owing to the fact that Brunei is sitting on a lot of Oil, being the 4th largest producer of Oil in all of South East Asia, and we all know Oil is where the money’s at, right?
They also produce natural gas. Following the 1970s it has also been focused towards making a travel destination of itself, with the establishment of an International Royal Brunei Travels. One Bruneian Dollar is equal to .72 American Dollars approximately.
#9. Australian Dollar – 0.76 American Dollars.
This is a very well known country with a well-known currency which is also used in the nations of Kiribati, Tuvalu and Nauru. They are on of the wealthiest nations in the world, and their economy is reliant upon the banking industries, along with manufacturing and mining. They come in denominations of 1, 5, 10, 20 and 100.
In fact, their notes are also geared towards eco-friendliness and economy, seeing as how its one of the first currencies to be made of polymer, which makes it easily recyclable. 1 AUD equals roughly .76 American Dollars.
#8. Canadian Dollar – 0.76 American Dollars
The valuation of this currency is quite similar to that of the Australian Dollar, both roughly equalling .76 American Dollars. It’s officially used in Saint Pierre and Miquelon as well. This comes in the denominations of 5, 10, 20, 50, and 100. However, 100 is hardly used at all.
They introduced Polymer notes, following the lead of AUD, in 2011. They are the largest held reserve currencies in the world. This is owing, in large part because Canada has a history and reputation of Political and Economic stability. Their economy is largely reliant on the Scientific and Energy-based industries.
#7. Swiss Franc – 1.01 American Dollars
This currency has a valuation almost identical to that of the American Dollar. One Swiss franc equals approximately 1.01 USD. These notes come in the denominations of 10, 20, 50, 100, 200 and 1000.
They also make use of multicolored bank notes, different colors being used to denote different denominations — yellow, red, green, blue, brown and purple, respectively. They are also used in Switzerland, Liechtenstein and Campione d’Italia. They are one of the wealthiest nations in the world owing to their advanced technological sectors and the fact that they’re home to major global corporations like The Swatch Group and Nestle.
#6. Euro – 1.1 American Dollars
This is one of the most common currencies in the world used all through the Eurozone, which holds a bunch of countries like Austria, France, Germany, and Italy. They come in denominations of 5, 10, 20, 50, 100, 200 and 500, and each Euro is roughly equal to 1.1 USDs.
The euro mostly gains its strengths from the fact that the European Union countries have a close economic bond so that they are in a position to help each other out, but this can also double as their greatest weakness as it means that the whole currency must bear the brunt of a fallout from even one of their nations, which is why the Euro plummeted back in 2012 due to the Greek and Spanish financial Crisis.
#5. British Pound – 1.22 American Dollars
This is another one of the world’s most frequently used currencies and each pound is equal to approximately 1.22 USDs. The most commonly used denominations are 5, 10, 20 and 50, though they are available in many more.
It also holds the weight of history as the oldest currency still in use, being about 1200 years old, dating as far back as the Anglo-Saxon Britain. They are primarily used in the UK. Despite its rapid fall in recent years, it is still one of the most valuable currencies.
#4. Latvian Lats – 1.56 American Dollars
These started getting replaced in 2013 by the Euro, and while they are hardly in use now, their valuation per USD is about 0.6 LVL. They came in denominations of 5, 10, 20, 50 and 100 Lats. and they were subdivided into 100 santīmi.
They started coming into circulation in 1922, having replaced Latvian Rublis after their independence from Russia. The 500 Lats note occupied the position of world’s third most valuable banknote immediately after the $10,000 Singapore note and the 1,000 Swiss franc note.
#3. Omani Rial – 2.6 American Dollars
This is only used by a single country — Oman, and one Rial equals about 2.6 USDs now. They come in denominations of 1/2, 1, 5, 10, 20 and 50 Rials. They are subdivided into 1000 baisa. 5, 10, 25, 50 and 100 Baisas are in circulation now.
This currency was initiated in 1940, as a replacement for the Indian Rupee or the Gulf Rupee. The currency is quite stable, and its strength is owing to the rich Oil and Gas-based economy of Oman.
#2. Bahraini Dinar – 2.65 American Dollars
This is one of the exceptions in the top currencies of the world — most of which are reliant upon an Oil-based economy. Bahraini Dinar owes its value to Bahrain’s Banking, Financial and Tourist sectors.
It is also the fastest growing currency in the Arab world, and its denominations are 1/2, 1, 5, 10 and 20. Each BD equaling roughly 2.65 USDs and is the second most valuable currency. They are subdivided into 1000 fils and they come in denominations of 1, 5, 10, 25, 50 and 100.
#1. Kuwaiti Dinar – 3.3 American Dollars
Solely used by Kuwait, its currency is valued at 3.3 USDs per KWD and is the highest currency in the world. Introduced in 1960, they are found in denominations of 1/4, 1/2, 1, 5, 10, and 20 dinars. They are also subdivided into 1000 fils and comes in denominations of 5, 10, 20, 50 and 100. Till date around 6 series of Kuwait, dinar banknotes have been printed. The last series came to circulation in the year 2014.
Kuwait, as a nation, holds the fourth-highest per capita income in the world, mostly thanks to their vast oil reserves. They deal in major exports of both crude and refines petroleum oils.
These are some of the most valuable currencies in the world, that even though are not as big as the United States, is much stronger by its currency.
Hope you found this article on most valuable currencies informative and enriching. Don’t forget to leave your comments.