Top Rated Currencies -Top 10 Rated Currencies In The World
After the immerse impact of covid-19 on the world, it’s quite safe to say most countries survived but not their economy. A massive hit was recorded and stocks have taken an indefinite dive downwards many investors and buyers are susceptible to risk thus becoming disinclined, the idea of sitting tight became progressive.
But it’s quite shocking to still discover amidst this economic turbulence and financial crisis some countries still managed to stay at the top maintaining the rank of the world’s strongest currency.
When it comes to stuff like this, of course, your mind would race to the US dollar($), because it sounds natural appropriate for the world most powerful country to possess the world strongest country but the case isn’t like that on this one.
When things like this are considered it’s mostly the oil trading countries that easily become number one or at least make it to the top ten. This is decided based on how high the currency becomes after being exchanged with the Indian rupee(INR) the official currency of India.
The top highest/strongest currencies in the world are listed below in a particularly definite order from bottom to top.
10. The US Dollar (USD)
like I earlier pointed out, it’s not the most powerful country the possesses the highest currency. The USD is considered the world most traded currency, and the world’s primary reserve is customarily strong because of the voluminous number of buyers.
It can be found in different places with the inclusion of the world bank, and the very purpose of It been held by both central and commercial banks is for the purpose of international transactions. A single dollar squares about 73.63 Indian Rupees.
9. Swiss Franc (CHF)
The Swiss Franc or CHF is the currency of Switzerland and Liechtenstein. Switzerland is considered as one of the world’s most peaceful, serene, and stable locales, its sound monetary policies, as well as low debt levels, have made the Swiss Franc bag a position in the list of highest currencies worldwide.
The most popular Switzerland exchange rate is from the EUR to CHR, 1 CHF is equivalent to 81.86 Indian Rupees.
8. Cayman Island Dollar (KYD)
Cayman Island has one of the strongest currency, it is a tax harbourage and possibly among the five grand offshore financial centres in the world, the Cayman island is one of Britain’s territorial district and can be located in the Caribbean, it provides offshore banking license with a number of insurance companies. 1 KYD is of equivalence to 88.18 Indian Rupees.
7. EURO (EUR)
This is the official currency of 19 of the 28 member countries in the European Union, it is the world’s second-biggest reserve currency. It’s no surprise that Euro is on this list and this is mainly because the EU is an abode to some of the world’s most economically buoyant countries. 1 Euro is approximately equivalent to 88.91 Indian Rupees.
6. Gibraltar Pound (GIP)
The Gibraltar pound is the official currency of Gibraltar. All notes and coins of the Gibraltar pound are printed and endorsed by the government of Gibraltar. One GIP is equal to 98.36 Indian Rupees.
5. The British Pound/Pound Sterlings (GBP)
The pound sterling is the official currency of the UK and many of its abroad territories a reliance with respect to countries. It is the fourth most traded currency after the United States Dollar, the Euro, and Japanese Yen, and it is the oldest autarchic currency in the world, it was first used in the yard 1489 in the united kingdom. 1 GBP is of equality with 98.78 Indian Rupees.
4. Jordanian Dinar (JOD)
The official currency of Jordan, am the Arabic nation on the bank of the river Jordan, unlike most wealthy Arabic nation this one doesn’t indulge in oil trading but still have one of the strongest currency and how is this possible?
Simply because the strength of the Jordanian Dinar has been attached to the US Dollar for over 20 years, but despite its strength as the world’s 4th strongest currency, it can only be used in nowhere other than Jordan. 1 JOD is equivalent to 103.72 Indian Rupees.
3. Omani Rial (OMR)
This is the official currency of Oman, and it is the third-ranking highest currency in the world. Before 1940, Oman used Indian Rupees (INR) as its currency and this is why the most prevalent Rial exchange rate is in INR to OMR, Oman is one of the biggest oil-exporting countries, the purchasing power of this currency is so huge that the Omani authoritative body had to issue 1/4 and 1/2 for banknotes. 1 OMR is equivalent to 191.25 Indian Rupees.
2. Bahraini Dinar (BHD)
The Bahraini Dinar is the official currency of Bahraini. Bahraini is a native to the Persian Gulf Island state, having a minute population of 1 million people, they earn their income from the export of petroleum resources. 1 Bahraini Dinar is equivalent to 195.32 Indian Rupees.
1. Kuwaiti Dinar (KWD)
The Strongest/Highest currency in the world is the Kuwaiti Dinar which is the official currency of Kuwait. Kuwait is located at the tip of the Persian Gulf, between Iraq and Saudi Arabia, despite its small size its wealth can be attributed to its significant exports of petroleum products to the global market, quite a large percentage of this country’s revenue comes from oil exportation. 1 Kuwaiti Dinar is of equality to 241.43 Indian Rupees.