Kuwaiti Dinar
The Kuwaiti Dinar is the world’s most valuable currency, with an estimated value of $3.29 per Dinar. Kuwait’s stable economy and significant oil exports into the global market, which account for nearly 95 percent of the country’s revenue, explain such a high value.
According to estimates, its territory contains approximately 9% of the world’s oil reserves. Petroleum production is the simplest and thus the cheapest in comparison to other countries.
1 Kuwaiti Dinar = 3.29 US Dollar
1 Kuwaiti Dinar = 252.86 Indian Rupee
Bahraini Dinar
The Bahraini Dinar is the world’s second most valuable currency, with a conversion rate of $2.65 per Dinar. It is pegged to the US dollar and has had a stable exchange rate against it since 1987.
Bahrain is an island state in the Persian Gulf with a population of slightly more than one million people. As with Kuwait, its primary source of revenue is global gas and petroleum exports.
1 Baharaini Dinar = 2.65 US Dollar
1 Baharaini Dinar = 203.83 Indian Rupee
Omani Rial
With a conversion rate of 2.60 USD to one Rial – nearly double the value of the British Pound – the Omani Rial rounds out the top three most expensive currencies in the world. Since 1973, this currency has been pegged to the US dollar.
1 Omani Rial = 2.60 US Dollar
1 Omani Rial =199.73 Indian Rupee
Jordanian Dinar
Initially, the Jordanian Dinar was pegged to the US Dollar at a higher value. The country has managed to keep this peg for the last 20 years. As a result, the Dinar now ranks fourth on the list of the most expensive currencies.
1 Jordanian Dinar = 1.41 US Dollar
1 Jordanian Dinar = 108.33 Indian Rupee
British Pound
Most people believe that the British Pound has the highest monetary value of any currency. However, this is not the case. Its exchange rate against the US dollar places GBP in fifth place among the world’s most valuable currencies. Pound Sterling is the official currency of England, Scotland, Wales, and Northern Ireland, as well as the crown dependencies of Guernsey, Jersey, and the Isle of Man.
1 Pound Sterling = 1.31 US Dollar
1 Pound Sterling = 100.88 Indian Rupee
Gibraltar Pound
The Gibraltar Pound is pegged at par to the British Sterling Pound. The currency is used in Gibraltar and is issued by the Gibraltar Government.
1 Gibraltar Pound = 1.32 US Dollar
1 Gibraltar Pound = 101.64 Indian Rupee
Cayman Island Dollar
The Cayman Islands Dollar is the only Caribbean currency in the top ten. The reason for this is that this self-governing British territory is one of the best tax havens in the world, as well as one of the five largest offshore financial centres. Hundreds of banks, hedge funds, and insurance companies are licenced in the country.
1 Cayman Islands Dollar = 1.20 US Dollar
1 Cayman Islands Dollar = 92.11 Indian Rupee
European Euro
The Euro has strengthened over time, allowing it to maintain a strong position among the world’s most powerful currencies. Its value is explained in part by the fact that it is the official currency of 19 European countries, including several economically developed ones.
Today, the EUR is the world’s second reserve currency, accounting for 25% of total global savings.
1 Euro = 1.09 US Dollar
1 Euro = 83.58 Indian Rupee
Swiss Franc
The Swiss franc is one of the world’s strongest and most stable currencies. It is the world’s sixth most traded currency and the only one immune to inflation. However, this is not surprising given that Switzerland is not only one of the wealthiest countries in the world, but also one of the most stable. Switzerland has a strict monetary policy and low debt levels, making the Swiss Franc a safe bet for investors trading or storing currency.
1 Swiss Franc = 1.08 US Dollar
1 Swiss Franc = 83.06 Indian Rupee
US Dollars
The US Dollar is currently the most traded currency in the forex market. Because of the United States’ economic leadership, it has been designated as the primary “World Reserve Currency.” It is the most popular and accounts for more than 85 percent of all daily forex trades. All of this adds up to make the US Dollar one of the most expensive world currencies.
1 US Dollar = 76.91 Indian Rupee
