Note: The 2019 list is available here with some rate changes and position changes.
When you think of the highest currencies in the world, you would think of the US Dollar or British Pound or Euro. But you are in for a surprise. The most expensive currencies of 2019 are none of the mentioned ones. And they don’t always belong to the wealthiest nations of the world. The ‘Highest Currency’ is based on the high value of them when exchanged with INR. US Dollar may not be the highest currency in the world but it is most traded and strongest currency in the world.
BookMyForex analyzed the data on sites such as xe(dot)com and Google to compile a list of the highest valued currencies of the world. When it comes to the highest currency in the world, these currencies gave the US Dollar – which is the most traded currency of the world – a run for its money. All exchange rates are as on 8th August 2019.
10: United States Dollar: USD
The US Dollar is the currency of the United States of America. The most popular United States Dollar exchange rate is the USD to EUR rate. Surprisingly at the bottom of the list even though it is the most traded currency in the world. Over the last few years, USD value has depreciated but the strength hasn’t.
USD is valued at 71.50 in Indian Rupees.
The Swiss Franc or CHF is the currency of Switzerland and Liechtenstein. The most popular Switzerland Franc exchange rate is the EUR to CHF rate. Switzerland’s famously secretive banking sector made the national currency a safe haven for international capital. The country pegged the franc to the euro when it joined the currency union, opting for a dual system rather than choosing to abolish the franc.
One CHF or Swiss Franc will buy you 72.68 Indian Rupees.
The euro or EUR is the official currency of the eurozone, which consists of 19 of the 28 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. As of January 2017, with more than 1,109,000,000,000 Euro in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.S. dollar at one point
One Euro will buy you 79.35 INR.
7: Gibraltar Pound- GIP
The Gibraltar pound is the currency of Gibraltar. It is pegged to – and exchangeable with – the British pound sterling at par value. The central bank controlling the GIP, with the responsibility of minting coins and printing notes, is the Government of Gibraltar. The most popular Gibraltar Pound exchange rate is the EUR to GIP rate.
One GIP is equal to 86.96 in Indian Rupees
6: British Pound (GBP)- Fifth Highest Currency Value in the World
The pound sterling (£) or GBP is the currency of Great Britain. It is also the official currency of Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The most popular United Kingdom Pound exchange rate is the EUR to GBP rate. Sterling is the fourth most-traded currency in the foreign exchange market, after the United States Dollar, the Euro, and the Japanese Yen.
5: Caymanian Dollar-KYD
The Cayman Islands Dollar is the currency of the Cayman Islands. The most popular Cayman Islands Dollar exchange rate is the USD to KYD rate
Currently, the value of KYD makes it the 7th- highest currency in the world. One KYD is equal to 87.15 in Indian Rupees
4: Jordanian Dinar- JOD
The Jordanian dinar is the currency of Jordan. West Bank used Jordanian Donar and the Israeli shekel as well. The most popular Jordan Dinar exchange rate is the JOD to EUR rate.
1 Jordanian Dinar is approximately equal to 100.78 in INR
3. Omani Rial (OMR)- Third Highest Currency Value in the world
The rial or OMR is the currency of Oman. Before 1940, Oman used INR as its official currency and this is why the most popular Rial exchange rate is INR to OMR Rate.
2. Bahraini Dinar (BHD) – Second Highest Currency Value in the world
Photo credit: treasuryvault.com
The dinar or BHD is the currency of Bahrain. The most popular Bahrain Dinar exchange rate is the INR to BHD rate. The currency code for Dinars is BHD, and the currency symbol is BD. Indians are the largest expat group in Bahrain and that explains the reason for INR to BHD popularity. Bahrain attracts expats from all over the globe because of being the second-highest Currency in the world.
1. Kuwaiti Dinar (KWD)- Highest Currency Value in the World
The highest currency in the world is none other than Kuwaiti Dinar or KWD. The currency code for Dinars is KWD. The most popular Kuwait Dinar exchange rate is the INR to KWD rate. Indian expat community is very strong in Kuwait, hence the reason for being a popular currency pair. Kuwaiti Dinar has been the highest currency in the world for a while now because of the oil-rich country’s economic stability.
One KWD will buy you 235.04 INR. Buy, Sell or Check KWD to INR here
Read more: Top 10 Currencies of The World