what else? what makes the Earth move? money or currencies, of course. & people who have money.
each country has their own currency, their own value.there are also some standard currencies such as USD (United State Dollar), GBP (Pound Sterling) & EUR (Euro) which are frequently & commonly used in foreign exchange market.
but there are many other currencies which are more valuable than the dollar, pound or euro.
this list was released in February 2014 & is ranked against the US dollar. it’s the most updated list you can get from the internet right now.
shall we get started with the most expensive currency in the world? we dare you do stay until the end & see which one is the most expensive currency in the world.
I say let the fun begin & start with the most expensive currency in the world! see which one is number one! I’m sure it will surprise you!
10. Switzerland franc (1 Franc = 1.12 USD)
Switzerland is one of the richest countries in the world, & in 2004 it had the world’s largest economy by nominal GDP, placing itself on the 19th position. of course it has to be in our top, not only because it’s one of the wealthiest countries but also the 36th largest one by purchasing power parity.
it’s also the 20th largest exporter despite its size, it’s the best example that size doesn’t matter when it comes to wealthiest.
with the capital at Berne & the official currency known as Franc, as a country Switzerland is one of the most powerful countries in Europe. it has the highest European rating in the Index of Economic Freedom in 2010 & it is also the one providing large coverage through public services.
9. Cayman Islands Dollar (1 KYD = 1.21 USD)
these islands have no direct taxation, due to that reason the islands are included onto our most expensive currency in the world.
the Cayman Islands thrive of offshore financial centers with hundreds of banks, insurers & mutual funds.
the equivalent of one Cayman Islands Dollar is $1.22 USD (before 1972 the official currency used in Cayman Islands was Jamaican dollar, but it was replaced).
but if you are on vacation & the only money you have on you are US dollars, you can use them to buy whatever you need because on the islands, the US dollar is accepted as legal currency.
so, do you want to take your US money to the Cayman Islands? I’m sure they will be glad to have you there.
Cayman Islands Dollar
8. Azerbaijan Manat (1 Manat = 1.28 USD)
did you know that Azerbaijan is a member of the IMF (International Monetary Fund)? yes, the country is a member since 1991 & became one important piece of the puzzle after gaining its independence.
like the IMF wasn’t enough, Azerbaijan is also a member of the World Bank, the European Bank for Reconstruction & Development, the Islamic Development Bank & the Asian Development Bank.
the official currency on Azerbaijan is the Azerbaijan Manat, their banking system consists of the Central Bank of Azerbaijan, commercial banks & non-credit organizations.
if you have no idea where Azerbaijan is located I can gladly help you there, Azerbaijan in the Caucasus region located at the crossroads of Western Asia & Eastern Europe.
7. European Euro (1 EUR = 1.37 USD)
introduced after 1999, but the Euro didn’t “fight” with the big guys until January 2001. after that, everything went smooth & Euro gained power in front of the dollar.
the euro is the official currency for 17 countries in all Europe. yes, countries like Germany, Belgium, Finland, France, Greece, Italy, Netherlands, Portugal & Spain have Euro as their official currency.
with all that being said & done, Euro is the second largest reserve currency & the most traded one in the world.
have you ever seen a Euro? have you ever been in one of these countries?
6. Jordanian Dinar (1 JOD =1.41 USD)
Jordan is known for its lack of resources, such as water & crude oil. but it is also known that Jordan has a strong 8 powerful currency.
this is their official currency from 1927 to 1950 due the Palestine Currency Board orders, the Palestine pound was instated in both Palestine & Trans-Jordan Emirate; well that’s what Wikipedia says.
but you may wonder how the Jordanian Dinar became their official currency, right? it’s simple, when Jordan became independent in 1946, the country wanted to have its own currency & Jordanian Dinar made its way to the official currency.
have you ever visited Jordan? did you get the chance to hold their currency?
5. UK Pound Sterling (1 GBP = 1.64 USD)
UK is maybe one of the most popular & famous countries in the world. we are sure that you heard ar least once of it.
but what about its currency? do you know what’s the official currency in the United Kingdom?
if your answer is “No.” to that question, my friend you lived under a big rock in the last few years.
the official currency in the UK is the Pound Sterling, which in the USA you can get for 1 GBP, $1, 64 USD.
so, if you are a UK citizen (or not) you can go to USA and exchange some pounds, cause as you can see it’s a great opportunity.
is there a reason why you shouldn’t?
UK Pound Sterling
4. Latvian Lats (1 LVL= 1.97 USD)
Latvian Lats is the official currency in Latvia, a country in the Baltic region of Northern Europe.
haven’t heard of it? maybe you’ve heard of its neighbors: Estonian people, Lithuanians, Russians & the people from Belarus & also a maritime neighbor called Sweden.
Latvian currency is in our list because it’s currently worth $1.97 & is one of the most expensive currencies in the world.
in a country about the size of West Virginia you wouldn’t think that Latvian Lats is such a powerful currency & it has entered the process to phase out the Lat in favor of the Euro.
it sure was expected to beat Euro & be the official currency around 2012, seems like Latvian Lats are not as powerful as they seem.
the people from Latvia will be happy to have you there, so what do you say, do you want to visit the beautiful country?
3. Omani Rial (1 OMR = 2.60 USD)
not many people have heard of this country, but now that you know make sure you visit and see the currency with your own hands, but mostly you can touch it hehe.
the Arab state in southwest Asia on the southeast coast of Arabian Peninsula is also called the Sultanate of Oman and their official currency is Omani Rial.
their official currency is now in our list of the most expensive currencies in the world and if you were to sell/buy one you’ll spend/get around 2.60 USD. pretty nice deal, isn’t it?
due its strategically important position at the beginning of the Persian Gulf, its currency exchange rate to the dollar is at the rate of 1 OMR= $2.60 US since 1986.
because of their relationship (the one between the Dollar & the Omani Rial), Rial’s fate remains tied to the fate of the dollar.
2. Bahrain Dinar (1 BHD= 2.65 USD)
it’s a small island with one of the most powerful currency in the entire world. this island proves that size doesn’t matter & puts itself on number two on our top with a rate of 1BHD= 2.65 USD.
it’s smaller than Washington DC but it’s richer than them because most of their industry relies on petroleum production & refining. other than the petrol which is the most important for them, the island also has great financial services & construction industry.
so if you want to invest your money in a nice island with great financial resources, now you have the chance. if you think this one is nothing in addition to the next place in our top!
1. Kuwaiti Dinar (1 KWD= 3.54 USD)
& the number one most expensive currency is the Kuwaiti Dinar as the world most valuable currency.
smaller than New Jersey, this country is one of the richest countries in the world in 2014. it has an average GDP of 43,700 making this country a prosper one in the Middle East Asia.
it has been involved in talks recently with five other Gulf Arab monarchies to form a single currency. do you think it is possible? would they succeed?