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#08

worlds strongest currencies

by Merch C.

While the UN recognizes 180 currencies used in 195 countries, a currency's popularity doesn't determine its value. Currency strength is based on its purchasing power when exchanged.

The strength of a currency depends on how much you can buy with it and how much of other currencies you can get in exchange. To figure out if a currency is the most valuable, you need to look at things like supply and demand, inflation, economic growth, central bank policies, and overall economic stability.

These are the top 10 strongest currencies in the world as of 10 January 2025 :

1. Kuwaiti Dinar (KWD)

Official currency in 1 country (Kuwait)
The Kuwaiti Dinar (KWD) is the world's most valuable currency. Kuwait's strong economy, based on large oil reserves and no taxes, keeps its value high.

2. Bahraini Dinar (BHD)

Official currency in 1 country (Bahrain)
The Bahraini Dinar (BHD) is the official currency of Bahrain. It is pegged to the US Dollar and is used exclusively within Bahrain.

3. Omani Rial (OMR)

Official currency in 1 country (Oman)
Oman uses the Omani Rial (OMR). Oman's economy relies heavily on oil, and its currency, pegged to the US dollar, is one of the world's most valuable.

4. Jordanian Dinar (JOD)

Official currency in 1 country (Jordan)
Jordan's currency, the Jordanian Dinar (JOD), is very strong. It's the 4th strongest currency in the world because Jordan has a stable economy and its government controls the value of its money.

5. Gibraltar Pound (GIP)

Official currency in 1 country (Gibraltar)
The Gibraltar Pound (GIP), pegged to the British pound, is the currency of Gibraltar, a British territory reliant on tourism and e-gaming. It's considered one of the world's strongest currencies.

6. British Pound (GBP)

Official currency in 1 country (Great Britain)
The British Pound (GBP) is a major currency used in the UK and other places. As the world's sixth strongest, it plays a big role in global finance, helped by London's financial importance and Britain's trade.

7. Cayman Islands Dollar (KYD)

Official currency in 1 country (Cayman Islands)
The Cayman Islands Dollar (KYD) is the official currency. While it's the 7th strongest currency by some measures, it's actually the 5th most valuable worldwide. They switched to the KYD in 1972, having previously used the Jamaican Dollar.

8. Swiss Franc (CHF)

Official currency in 3 countries
The Swiss Franc is the currency of Switzerland and Liechtenstein. Switzerland is a very wealthy country with a stable economy.

9. Euro (EUR)

Official currency in 20 member states of European Union
The Euro is the official currency for 19 countries in the European Union. It's a major global currency, ranking 9th in strength and being the 2nd most traded worldwide.

10. United States Dollar (USD)

Official currency in 11 countries
The US Dollar (USD) is the most traded currency in the world and the main reserve currency. However, it's only the 10th strongest currency.

Currency values reflect a country's economic and political strength, influenced by factors like growth, stability, resources, and global demand. This list demonstrates global economic ties and the importance of trade.

Reference : https://www.forbesindia.com/article/explainers/highest-valued-currencies-world/85581/1

Posted 15 February 2025