Currencies worth more than the U.S. Dollar

U.S. Dollar is the world’s reserve currency, and it still dominates the world’s trade. It is the official currency of United States and many other countries. According to the International Monetary Fund (IMF), central banks around the world hold 60% of their reserves in U.S. Dollars.

According to United Nations, there are more than 180 currencies as legal tender, but which currency holds the highest value. The value of a currency is determined by its demand and supply. In addition, the exchange rate of the currency against the US Dollar determines its strength in the forex market.

Here are some of the currencies which has more worth than the U.S. Dollar, i.e., when a US Dollar is exchanged, a lower amount of local currency is received:

Country	Capital	Currency	Conversion Rate
Kuwait	Kuwait City	Kuwaiti Dinar	$1= 0.30 KWD 1 KWD = $3.33
Bahrain	Manama	Bahraini Dinar	$1 = 0.4 BHD 1BHD =$2.5
Oman	Muscat	Omani Rial	$1 = 0.4 BHD 1BHD =$2.5
Jordan	Amman	Jordanian Dinar	$1 = 0.71 JOD 1 JOD =$1.41
Cayman Islands	George Town	Cayman Islands Dollar	$1 = 0.83 KYD 1 KYD =$1.20
Great Britain	London	British Pound Sterling	$1 = 0.84 p 1 £ =$1.19
Switzerland	Bern	Swiss Franc	$1= 0.94 CHF 1 CHF = 1.06 USD
European Union	Brussels (De Facto)	European Euro	$1= € 0.96
United States of America	Washington D.C.	US Dollar	€1 = 1.04 USD
Canada	Ottawa	Canadian Dollar	$1= 1.34 CAD 1 CAD= $0.74
Singapore	Singapore	Singapore Dollar	$1= 1.34 S$ 1 S$= $0.74
Brunei	Bandar Seri Begawan	Brunei Dollar	$1= 1.34 B$ 1 B$= $0.74
Australia	Canberra	Australian Dollar	$1= 1.45 AUS$ 1 AUS$= $0.68
New Zealand	Wellington	New Zealand Dollar	$1= 1.60 NZ$ 1 NZ$= $0.625
Azerbaijan	Baku	Azerbaijani Manat	$1 = 1.7 ₼ 1 ₼ = $0.59
Aruba	Orenjestad	Aruban Florin	$1= 1.84 f 1 f = $0.54
Bulgaria	Sofia	Bulgarian Lev	$1= 1.84  лв 1 лв = $0.54
Bosnia	Sarajevo	Bosnia and Herzegovina Convertible Mark	$1= 1.83 BAM 1 BAM = $0.54
Fiji	Suva	Fijian Dollar	$1= 2.17 FJD $ 1 FJD $= $0.46
Israel	Tel Aviv	Israeli Shekel	$1= 3.64 ILS 1 ILS= $0.27
Qatar	Doha	Qatari Riyal	$1= 3.64 QAR 1 QAR= $0.27
United Arab Emirates	Abu Dhabi	UAE Dirhams (AED)	$1= 3.67 AED 1 AED = $0.27

• Kuwaiti Dinar: Known as the expensive currency in the world. Kuwaiti Dinar (KWD), introduced in 1960 and initially one Kuwaiti dinar was equivalent to one Sterling Pound (approximately $2.25). Kuwait is a small nation with a population of 5 million people lying borders with Iraq and Saudi Arabia.

Kuwaiti Dinar is pegged to US Dollar in 2007 and not traded much in the Forex market (Foreign Exchange) making it extremely stable with very less range of fluctuations. The currency is subdivided into 1000 units and the Kuwaiti Central Bank issues 1/4, 1/2 Dinar, 1, 5, 10, 20 Dinars.

Conversions: 1 KWD = $3.33 or $1 = 0.30 KWD

• Bahraini Dinar: Bahraini Dinar (BHD) is the second strongest currency in the world and in GCC (Gulf Cooperation Council). Bahraini Dinar is pegged to US Dollar, it is subdivided into 1000 units (Fils). Bahraini Central Bank issues 1/2, 1, 5-, 10- and 20-dinar bills

Conversions: 1 BHD = $2.6 or $1 = BHDS 0.4

• Omani Rial: It is the official currency of Oman, also known as OMR. Another expensive from the GCC (Gulf Cooperation Council), it is subdivided by 1000 Baisa just like Kuwaiti and Bahraini Dinar. Often, a 100 Baisa is mistaken for 100 Omani Rial. The Omani Central bank issues only 100 Baisa, 1/2, 1, 5, 10, 20 and 50 rials.

The Omani Rial was pegged to US Dollar from 1973 to 1986 at I Omani Rial = $2.86. Later, the rate was changed to 1 Omani Rial = $2.6 on 1986. Presently, this is the 3rd most valuable currency after Kuwaiti Dinar and Bahraini Dinar.

Conversion: $1= 0.4 Omani Rial or 1 Omani Rial = $2.6

• Jordanian Pound: The official currency of Jordan, another currency from the Middle East. Jordanian Pound was introduced in 1949 and replaced the Palestinian Pound. The Jordanian Pound is pegged to the US Dollar, and this has helped it to be one of the strongest currencies in the world despite of Jordan’s economy. The Dinar is also subdivided by 1000 fulus, the central bank issues 1,5,10,20 and 50 Dinar bills.

Conversion: $1= 0.71 Jordanian Pound or 1 Jordanian Pound = $1.41

• Cayman Islands Dollar: Official currency of Cayman Islands, Cayman Islands Dollar (KYD) was introduced in 1972 and has a fixed exchange rate 1 KYD = $1.2. Cayman Islands is known as a Tax haven and an ideal spot for international corporations. This means the country imposes very low taxes or no taxes at all. The country doesn’t impose corporate tax, direct tax, income tax, residents’ tax, property tax, payroll tax, withholding tax, sales tax, foreign exchange restrictions and capital gains tax. In addition, transfers are exempt from taxation which includes transfers on death.

Currency bills are denominated into $1, $5, $10, $25, $40, $50, and $100.

Conversion: $1= 0.83 Cayman Islands Dollar or 1 Cayman Islands Dollar = $1.20

• British Pound Sterling: One of the oldest currencies in the world, British Pound is the official currency of England, Wales, Scotland and Northern Ireland, in addition to the crown dependencies: Jersey, Guernsey and the Isle of Man. It is the fourth most traded currency after US Dollar, Euro and Japanese Yen. Currency bills are denominated into £5, £10, £20 and £50.

Conversion: $1= 0.84 p or 1 British Pound = $1.19

• Swiss Franc: The official and legal tender of Switzerland and Liechtenstein, Switzerland is one of the richest countries in the world and has one of the strongest and most stable currencies in the world. Swiss Franc is sixth most traded currency in the world after US Dollar, Canadian Dollar, British Pound, Euro and Japanese Yen, also one of the least affected currencies during inflation.

Switzerland’s banking industry is known for its secretive monetary policy and low debt levels making it an ideal choice for investors to trade and store in Francs. Swiss Francs are in 10, 20, 50, 100, 200 and 1000 Francs.

Conversion: $1= 0.94 CHF or 1 CHF = 1.06 USD

• Euro: Official currency of 20 European countries with developed economies. Euro is the second most traded currency after US Dollar; therefore, it has strengthened over the years. These are the countries where Euro is the official currency:
  • Austria
  • Belgium
  • Croatia
  • Cyprus
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Portugal
  • Slovakia
  • Slovenia
  • Spain

Euro is the second reserve currency after US Dollar, 62% of world savings are in US Dollar and 21% of savings are in Euro. About 25 countries have pegged their currencies to Euro at a fixed rate. The frequently used Euro bills: €5, €10, €20, €50 and €100, €200 and €500.

Conversion: $1= € 0.96 or €1 = 1.04 USD