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.

Source: Statista

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:

CountryCapitalCurrencyConversion Rate
KuwaitKuwait CityKuwaiti Dinar$1= 0.30 KWD
1 KWD = $3.33

BahrainManamaBahraini Dinar$1 = 0.4 BHD
1BHD =$2.5

Oman MuscatOmani Rial$1 = 0.4 BHD
1BHD =$2.5
JordanAmmanJordanian Dinar$1 = 0.71 JOD
1 JOD =$1.41
Cayman Islands George TownCayman Islands Dollar$1 = 0.83 KYD
1 KYD =$1.20
Great BritainLondonBritish Pound Sterling$1 = 0.84 p
1 £ =$1.19
SwitzerlandBernSwiss Franc$1= 0.94 CHF
1 CHF = 1.06 USD
European UnionBrussels (De Facto)European Euro$1= 0.96
United States of AmericaWashington D.C.US Dollar1 = 1.04 USD
CanadaOttawaCanadian Dollar$1= 1.34 CAD
1 CAD= $0.74
SingaporeSingaporeSingapore Dollar$1= 1.34 S$
1 S$= $0.74
BruneiBandar Seri Begawan
Brunei Dollar
$1= 1.34 B$
1 B$= $0.74
AustraliaCanberraAustralian Dollar$1= 1.45 AUS$
1 AUS$= $0.68
New ZealandWellingtonNew Zealand Dollar$1= 1.60 NZ$
1 NZ$= $0.625
AzerbaijanBakuAzerbaijani Manat$1 = 1.7 ₼
1 ₼ = $0.59
ArubaOrenjestadAruban Florin$1= 1.84 f
1 f = $0.54
BulgariaSofiaBulgarian Lev$1= 1.84  лв
1 лв = $0.54
BosniaSarajevoBosnia and Herzegovina Convertible Mark$1= 1.83 BAM
1 BAM = $0.54
FijiSuvaFijian Dollar$1= 2.17 FJD $
1 FJD $= $0.46
IsraelTel AvivIsraeli Shekel$1= 3.64 ILS
1 ILS= $0.27
QatarDohaQatari Riyal$1= 3.64 QAR
1 QAR= $0.27
United Arab EmiratesAbu DhabiUAE Dirhams (AED)$1= 3.67 AED
1 AED = $0.27
Top Expensive Currencies of the World
  • 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.
Omani 100 Baisa.

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

Omani Rial
  • 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

Jordanian Pound
  • 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

Cayman Islands Dollar
  • 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

Swiss Franc
  • 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



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