Highest Currency in the World 2017 August Edition list is here. Which is the Highest currency in the world 2017 as on date? Currency market keeps fluctuating and though no one can exactly predict which currency will become more valuable and which one will not, everyone is interested to know which is the highest currency in the world.
BookMyForex.com, India’s No.1 Forex Exchange marketplace curates every month a list of highest currency in the world.
Here is the Highest currency in the world 2017- August Edition.
10. Highest Currency in the World 2017 Rank No. 10: United States Dollar ( USD )
The United States dollar (symbol: $; Currency code: USD) is also also abbreviated as USD or US$. It is referred to as the dollar, U.S. dollar, or American dollar and is the official currency of the United States. For practical purpose of ease, it is divided into 100 smaller cent (¢) units, but officially it can be divided into 1000 mills (₥).
The symbol $, usually written before the numerical amount, is used for the U.S. dollar (as well as for many other currencies).You may be surprised to know that the sign was the result of a late 18th-century evolution of the scribal abbreviation “ps” for the peso, the common name for the Spanish dollars that were in wide circulation in the New World from the 16th to the 19th centuries.
As on August 2017, in the Highest Currency in the world List, United states dollar ranks No. 10 because 64.08 Indian Rupees will give you Just 1 United states Dollar (USD)
9. Highest Currency in the World 2017 Rank No. 09: Swiss Franc.
The Swiss franc (Currency Symbol: Fr. or SFr. In German: Franken, in French and Romansh: franc, in Italian: franco; Currency code: CHF) is the currency and legal tender of Switzerland and Liechtenstein. Swiss Franc is also legal tender in the Italian exclave Campione d’Italia. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. Franc is in widely used daily in Germaexclave although it not considered a formally legal tender in the Germanexclave of Büsingen (the sole legal currency is the euro). You may be surprised to know that the Swiss franc is the only version of the franc still issued in Europe.
In the List of Highest Currency in the world 2017- August edition Swiss Franc ranks No. 9 because 67.02 Indian Rupees will give you just 1 Swiss Franc .
8. Highest Currency in the World 2017 Rank No. 8 The Euro
The Euro is the 2nd largest reserve currency in the world. It is as well the second most traded currency in the world after the United States dollar. As of January 2017, with more than €1,109,000,000,000 in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world. So much so that at one point it has surpassed the U.S. dollar. The name euro was officially came into use from 16 December 1995 in Madrid. The euro is divided into 100 cents (sometimes referred to as euro cents, especially when distinguishing them from other currencies, and referred to as such on the common side of all cent coins). In Community legislative acts the plural forms of euro and cent are spelled without the s, notwithstanding normal English usage.
In the List of Highest Currency in the world 2017- August edition Euro ranks No. 8 because 76.56 Indian Rupees will give you just 1 Euro.
7. Highest Currency in the World 2017 Rank No. 7 Cayman Islands Dollars
One currency which most of you may not have heard of is Cayman Islands dollar. The Cayman Islands is a British Overseas Territory that encompasses 3 islands in the western Caribbean Sea. The largest island is Grand Cayman, popular for its amazing beach resorts and varied scuba diving and snorkelling sites. When experts think about Deep-sea fishing excursions, they think about Cayman Brac also located here. Endangered iguanas to seabirds such as red-footed boobies are found in the smallest island named Little Cayman. Obviously all this attracts lot of tourist and this The Cayman Islands Dollar (currency shortened as KYD) is the currency of the Cayman Islands and is always in demand. It is abbreviated with the dollar sign $, or alternatively CI$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents.
In the List of Highest Currency in the world 2017- August edition Cayman Islands Dollars rank No. 7 because 77.91 Indian Rupees will give you just 1 Cayman Islands dollars. KYD.
6. Highest Currency in the World 2017 Rank No. 6 Gibraltar Pound
Gibraltar is a British Overseas Territory located on the southern end of the Iberian Peninsula.Gibraltar has an area of 6.7 km2 (2.6 sq mi) and shares its northern border with Spain. The Rock of Gibraltar is the major landmark of the region and thats where the name of the place comes from. The Gibraltar pound (currency sign: £; banking code: GIP) is the currency of Gibraltar. Rated among highest currency in the world, it is exchangeable with the British pound sterling at par value. The central bank controlling the GIP, with responsibility of minting coins and printing notes, is the Government of Gibraltar. Interestingly, at the outbreak of World War I, Gibraltar was actually forced to issue banknotes to prevent paying out sterling or gold.
In the List of Highest Currency in the world 2017- August edition Gibraltar Pound rank No. 6 because 84.11 Indian Rupees will give you just 1 Gibraltar Pound. GIP.
5. Highest Currency in the World 2017 Rank No. 5 British Pound- GBP
The full official name pound sterling (plural: pounds sterling), is used mainly in formal contexts and also when it is necessary to distinguish the United Kingdom currency from other currencies with the same name. Otherwise the term pound is normally used. The currency name is sometimes abbreviated to just sterling, particularly in the wholesale financial markets, but not when referring to specific amounts. The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound.
In the List of Highest Currency in the world 2017- August edition British Pound rank No. 5 because 84.15 Indian Rupees will give you just 1 British Pound.
4. Highest Currency in the World 2017 Rank No. 4 Jordanian Dinar- JOD or JD
The Jordanian dinar (Arabic: دينار; code: JOD; unofficially abbreviated as JD) is the currency of Jordan. It is also widely used alongside the Israeli shekel in the West Bank. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fulus.After Jordan became an independent kingdom on 25 May 1946, the idea of issuing a national currency arose and led to the passing of the Provisional Act No. 35 of 1949. Under this Act, the Jordan Currency Board got formed, which became the sole authority entitled to issue Jordanian currency in the kingdom. The London-based entity consist of a president and four members.
In the List of Highest Currency in the world 2017- August edition JOD ranks No. 4 because 89.96 Indian Rupees will give you just 1 Jordanian dinar.
3. Highest Currency in the World 2017 Rank No. 3 Omani Rial
The rial (Arabic: ريال, ISO 4217 code OMR) is the currency of Oman. It is divided into 1000 baisa (also written baiza, بيسة). You may be surprised to know that before 1940, in Muscat and Oman, he Indian rupee and the Maria Theresa thaler (known locally as the rial) were the main currencies circulating in the coast and Thaler in the interior. Maria Theresa Thaler were valued at 230 paisa, with 64 paisa equal to the rupee.
In the List of Highest Currency in the world 2017- August edition OMR ranks No. 3 because 165.65 Indian Rupees will give you just 1 Omani Rial.
2. Highest Currency in the World 2017 Rank No. 2 The Bahrain Dinar. BHD
The dinar (Arabic: دينار Dīnār Baḥrēnī) (sign: .د.ب or BD; code: BHD) is the currency of Bahrain. It is divided into 1000 fils (فلس). The name dinarderives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is abbreviated .د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils.
In the List of Highest Currency in the world 2017- August edition BHD ranks No. 2 because 169.61 Indian Rupees will give you just 1 Bahrain Rial.
1. Highest Currency in the World 2017 Rank No. 1 The Kuwati Dinar
The Kuwaiti dinar (Arabic: دينار, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. The Kuwaiti dinar is the world’s highest-valued currency unit.
It was in the year 1960 when Kuwaiti Dinar got introduced. The Highest Currency in the World , Kuwati Dinar was introduced to replace the Gulf rupee, equal to the Indian rupee. Initially equivalent to one pound sterling the rupee was at 1 shilling 6 pence, so the resulting conversion rate applied was 13 1⁄3 Rupees to the dinar. Things changed when in 1990,Iraq invaded Kuwait and the Iraqi dinar replaced the Kuwaiti dinar as the currency, then large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar got restored as the country’s currency and a new banknote series were introduced, allowing the previous notes, including those stolen, to be demonetised.
So In the List of Highest Currency in the world 2017- August edition KWD ranks as the Highest Currency in the world , highest currency No. 1 because you have to pay 212.31 Indian rupees to get 1 Kuwaiti Dinar.
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