What do you think is the most expensive currency in the world today?
Most believe that the British pound is the most expensive currency, however, as it turned out, this is not the case.
Especially for blog readers, we have compiled a list of the most powerful currencies in the world (as of January 13, 2019).
So, the most expensive currency in the world...
Currency code - KWD
1 KWD = 3.29USD
1 KWD = 220.603 RUB
Kuwaiti dinar - the most expensive currency in the world against the dollar and the Russian ruble.
Kuwait is a small country with huge wealth. The high value of its currency is explained by the significant export of petroleum products to the world market.
Currency code - BHD
1 BHD = 2.65 USD
1 BHD = 177.25 USD
The Bahraini dinar is the second most valuable currency in the world.
Bahrain is an island state in the Persian Gulf with a population of just over 1 million people. As in the first case, the main source of income for this country is the export of black gold.
Interestingly, the Bahraini dinar is pegged to the dollar, and for the past 14 years, its value against the dollar has not changed.
Currency code - OMR
1 OMR = 2.60USD
1 BHD = 177.25 USD
Oman is a country on the Arabian Peninsula. Due to its strategic location, it has a developed economy and high level life.
The Omani rial, like the Bahraini dinar, is pegged to the dollar.
Interestingly, the purchasing power of this currency is so high that the government has to issue paper bills denominations of 1/2 and 1/4 rial. In the picture above you can see 1/2 rial.
Currency code - JOD
1 JOD = 1.41 USD
1 JOD = 94.25 USD
It is rather difficult to explain the high value of the Jordanian dinar, since the country is not particularly developed economically and lacks important resources such as oil. However, 1 Jordanian dinar is worth about $1.41, making it one of the 10 most expensive currencies in the world.
Currency code - GBP
1 GBP = 1.26 USD
1 GBP = 85.25 USD
It is the British pound that everyone considers the most expensive currency in the world, but as it turns out, it is only in 5th place.
By the way, the British colonies issue their own banknotes, which are visually different from those issued by the Bank of England, but are quoted 1 to 1.
So, there are also: Scottish, Northern Irish, Manx, Jersey, Guernsey, Gibraltar pounds, as well as the St. Helena pound and the Falkland Islands pound.
It's funny, but native Britons are not always willing to accept "other" pounds as payment.
Currency code - KYD
1 KYD = 1.20 USD
1 KYD = 81.25 RUB
The Cayman Islands are one of the world's top tax havens. These islands have given power to hundreds of banks, hedge funds and insurance companies.
In particular, due to its leadership among tax havens, the Cayman Islands dollar is worth about US$1.22.
Currency code - EUR
1 EUR = 1.14 USD
1 EUR = 76.34 RUB
Even though the Euro has lost about 20% of its value over the past year, it is still one of the strongest currencies in the world.
Part of its strength comes from the fact that it is the official currency of 17 countries in Europe, including several economic heavyweights.
In addition, the Euro is the world's second reserve currency, covering 22.2% of all world savings (the dollar has 62.3%).
Currency code - CHF
1 CHF = 1.04 USD
1 CHF = 68.05 RUB
Switzerland is not only one of the richest countries in the world, but also one of the most stable. Her banking system known for its unshakable "Banking Secrecy".
In addition, their high-tech products are appreciated all over the world.
Pay attention to the original appearance of this banknote. It's the only currency I've seen that "looks" vertical.
Currency code - USD
1 USD = 1.00 USD
1 USD = 66.95 USD
Due to America's leadership on the world stage, its currency has achieved such a title as the "world reserve currency". In other words, you can pay with dollars anywhere in the world.
Currency code - CAD
1 CAD = 0.75 USD
1 CAD = 50.45 USD
The Canadian dollar is the fifth largest reserve currency in the world. It is often referred to as "loonie" after the bird depicted on the $1 coin.
Due to the dynamically changing economic and political situation in the world, it is difficult for a currency to remain in this ranking, so here is a list of currencies that have left the top ten in previous periods.
Currency code - AUD
1 AUD = 0.73 USD
1 AUD = 48.29 USD
Interestingly, the new series of Australian banknotes, as pictured above, will have a tactile feature (Braille) to help the visually impaired community determine the denomination of the bill.
Also in Australia, the fight against "cash" is carried out by reducing the share of cash payments when making small retail purchases.
Currency code - LYD
1 LYD = 0.72 USD
1 LYD = 47.44 RUB
The Libyan dinar has tokens called dirhams. Interestingly, one dinar is equal to 1000 dirhams, and not 100, as we used to think.
Currency code - AZN
1 AZN = 0.59 USD
1 AZN = 39.25 RUB
Seeing the Azerbaijani manat on this list is, of course, surprising, but the currency of this Middle Eastern country is only slightly cheaper than the US dollar.
But lest you think, the local economy is actually quite strong and its unemployment rate is low.
It is known that the currencies of not very successful states tend to depreciate. However, when the economy is doing well, we are unlikely to see the opposite effect.
Indeed, in practice, there were practically no cases when the value of the currency constantly increased. The reasons may be different, but basically, the state itself does not benefit from the constant strengthening of the currency, because. the population begins to actively save money instead of spending it.
Thus, the high cost of the currency only indicates that the inflationary processes in the country are under control.
In the context of this article, one should also mention Japan and its one of the strongest economies in the world. At the same time, the value of the Japanese yen is very small, $1 = ¥109.77.
Information about the highest value of currencies can hardly be used by investors to make any decisions. investment decisions. In this case, it is better to consider the most stable currencies.
By the way, did you know that you cannot use images of banknotes without the inscription "SPECIMEN"? Learn to obey the laws, comrades!
Switzerland is not so easy to find on the map, but the currency of this country is the most powerful in the world. At the beginning of February 2006, 1 Swiss franc cost 21.9 rubles, and ten years later it rose to 73.74 rubles, having strengthened by 236.7%. This currency is in great demand among wealthy people. No wonder all Swiss banks are considered the most reliable in the world.
However, market analysts tend to believe that the Swiss franc is highly overvalued. In January 2015, the local Central Bank canceled the peg to the euro - and in 10 minutes the currency rose by 20-30%. A strong franc hurts the local economy, as locally produced goods have become expensive for foreign consumers. The authorities want to weaken their currency, but so far they are not very successful.
In second place was the Chinese yuan. Until July 2005, this currency was pegged to the US dollar, but last years the local government has embarked on a controlled devaluation of the yuan in order to increase economic growth. Despite all the weakening, the yuan has risen in price against the ruble by 228.1% in ten years. From October 1, 2016, the yuan will become the world's reserve currency. Russian banks already offer deposits in yuan, which can earn up to 4.25% per annum.
The Israeli shekel became the third most reliable. This currency has strengthened against the ruble by 215.9% over ten years. The shekel exchange rate is floating, but stable - for ten years it has slightly fallen in price against the dollar.
The American currency was only in seventh place. The dollar exchange rate against the ruble has appreciated by 169.6% since 2006. The Thai baht (+195.7%), the Brunei dollar (205.9%), the Singaporean dollar (+206.1%) and the Bolivian boliviano (+211.17%) were ahead (+211.17%), the existence of which many of the Russians do not even know knew.
Top 10 most powerful currencies in the world
| № | Currency | Cost as of February 1, 2006, rub. | Cost as of February 1, 2016, rub. | Growth against the ruble over 10 years |
| 1 | Swiss frank |
21,9 | 73,74 | 236,71% |
| 2 | CNY  |
3,48 | 11,42 | 228,16% |
| 3 | Israeli shekel  |
6,02 | 19,02 | 215,95% |
| 4 | bolivian boliviano  |
3,49 | 10,86 | 211,17% |
| 5 | Singapore dollar  |
17,3 | 52,97 | 206,18% |
| 6 | Brunei dollar  |
17,3 | 52,92 | 205,90% |
| 7 | Thai baht  |
0,71 | 2,1 | 195,77% |
| 8 | U.S. dollar  |
28,13 | 75,84 | 169,61% |
| 9 | Japanese yen  |
0,23 | 0,62 | 169,57% |
| 10 | United Arab Emirates Dirham  |
7,65 | 20,55 | 168,63% |
The most expensive currency was the Kuwaiti dinar, which on February 1, 2016 was sold on the stock exchange at 247 rubles. 89 kopecks per unit. However, its growth to Russian currency amounted to 157.5% (18th place). The euro gained 140.6% in ten years (25th place), and the British pound - 115.72% (32nd place).
Dollar check
If the dollar is used as the initial currency, then among the top ten leaders, the Chinese yuan will take the first place, which has strengthened against the dollar by 24.8%. The Swiss franc came in second with 20.3%. Third, as in the main study, was the Israeli shekel, which added 14.8%. It is also confirmed that the Thai currency was stronger than the US - it rose by 8.7%.
Why is the ruble always weakening?
The national currency is a mirror of the solvency and development of the economy, says Sergey Alin, Deputy Director of the Analytical Department of IK "Okay Broker". According to him, the ruble is highly dependent on the cost of oil. The solution to the problem can only be the diversification of the economy and the improvement of the investment climate.
“The ruble is basically weakening against other currencies due to high inflation. It is a consequence of the outstripping growth of tariffs. natural monopolies, expectations of the population and falling prices for raw materials, primarily for energy carriers,” says Natalya Levina, Deputy Chairman of the Board.
Invest wisely
Sergey Alin argues that investments in foreign currency in order to protect savings for the next 10 years will definitely pay off. The expert recalls that after the 1998 crisis, the dollar rose in price from 6 to 21 rubles, and today it has already approached 80 rubles.
If the situation on the market is heating up to the limit, then it is logical to keep part of the funds not in a bank, but in a “paper” form, the expert advises.
“No one knows what will happen in the world on the horizon of 10 years. For example, a sharp drop in oil prices to $27 per barrel was not predicted by any profile analyst. To protect your savings, you need to diversify your portfolio by investing in US dollars, rubles, highly liquid stocks and gold,” warns Natalia Levina.
The head of the analytical center Sravni.ru Vadim Tikhonov also recommends diversifying risks by investing in several assets. Relying only on dollars is risky, as the US currency has periods of growth and weakening. Each such cycle lasts about 15 years, the expert recalls.
Where to buy rare types of currency?
Many exotic currencies can be purchased at Russian banks. For example, this applies to Swiss francs, yuan, Japanese yen, Israeli shekels, etc. “The main thing is to buy currency in a real representative office of the bank, and not in an incomprehensible exchanger at a metro station or in a tent, etc. Better take your time and compare by choosing the most profitable proposition. Of course, if you are going to buy currency for the long term, then chasing a difference of several tens of kopecks is not necessary,” advises Sergey Alin from IK “Okay Broker”.
The ideal option is to place your savings in 2-3 types of foreign currencies.
For those who need larger amounts, it is more profitable to go shopping in a country where the necessary currency is in circulation. For example, Thai baht is more logical to buy in Thailand, and dirhams in the UAE. In this case, you will first have to buy for rubles american dollars. If you go somewhere with rubles, then the losses on the exchange rate will be significant.
Experts do not recommend buying euros if you are not a frequent visitor to the eurozone - the countries of the European Union are experiencing an economic crisis. It is better to bet on the Singapore dollar, yuan and Swiss franc.
Today most of European countries belongs to the euro area. Thus, as of 2014, 18 of the 28 European Member States have the euro as their official currency.
The European Union and the Eurozone differ in the number of participating countries.
Treatment control, establishment interest rates and other aspects monetary policy eurozones are administered by the European Central Bank. The bank is headquartered in Frankfurt am Main and is managed by the largest national banks Europe. The European System of Central Banks includes the main banks of Spain, Italy, Greece, France, Belgium, the Bundesbank and the Luxembourg Monetary Institute.
As noted above, in 18 states of the European Union the euro is in circulation. List of EU member states with their own currency: Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Luxembourg, as well as Malta, the Netherlands, Portugal, Slovakia, Slovenia, Finland, France and Estonia.
List of European EU member states that have not adopted the euro as a payment unit.
Western European countries such as Iceland, Norway and Switzerland are not part of the European Union.Today, European countries include:
Bulgaria - Bulgarian Lev (BGN). The rate is approximately 1:2, that is, 1 euro can be exchanged for 2 leva.
United Kingdom - Pound Sterling (British Pound, GBP). The exchange rate against the euro is floating. For example, 100 euros can be exchanged for approximately 83-84 British pounds.
Hungary - Hungarian forint (HUF). Exchange rate set to foreign currencies floating.
Denmark - Danish krone (DKK). The euro is pegged to the kroon at a ratio of 7.46038:1.
Lithuania - (it is planned to introduce the euro from 2015) - Lithuanian litas (LTL). The exchange rate of the litas against the euro is 3.4528:1.
Poland - Polish zloty (PLN). Exchange rate to the euro at a ratio of 4.193:1.
Romania - Romanian leu (RON). The ratio of the leu to the euro is 4.497:1.
Croatia - Croatian kuna (HRK). The ratio of Kuna to Euro is 7.663:1.
Czech Republic - Czech Koruna (CZK). The crown to euro ratio is 27.45:1.
Sweden - Swedish krona (SEK). The exchange rate of the monetary unit to the euro is 8.841:1.
The main currencies of the world include seven currencies of the leading world powers. All of them entered this group due to their liquidity and influence in the financial world. It is in these currencies that the conclusion of the majority international contracts.
Instruction
U.S. dollar. The United States dollar became the single American currency in 1861, but its birthday is July 6, 1785, when it was officially registered by the Continental Congress. Today the dollar is one of the main currencies of the world. More than half of the world's gold reserves are stored in US dollars, and the trend has not changed for more than a decade. Confidence in the dollar began to gradually decline, starting in 2008, when the United States economy began to undergo one crisis after another, and the national currency began to appreciate against the currencies of other countries. Nevertheless, the dollar is still the universal international currency, and most transactions in international business are carried out with its participation. AT central banks In other countries, the dollar occupies about 60% of the reserves, which is more than a trillion dollars.
Euro. The Euro is the official currency of the European Union and national currency 16 countries in the Eurozone. In 1995, the EU adopted the official name of the currency, but only in 1999, the euro took the position of the national currency of eleven countries in the field of electronic transfers. Euro paper banknotes appeared only in 2002. Since then, the currency has been rapidly gaining momentum in the international financial community, and today it is one of the three major currencies in the world. Despite the strong support of European countries, the euro is subject to negative influence economic crises some states that are part of the Eurozone. Despite such problems, the euro still retains the status of a strong reserve currency, which is developing dynamically and occupies key positions in the international financial market.
Japanese yen. The Japanese yen is the third most important reserve currency. This currency has been the most stable currency for many decades, the exchange rate of which has very slight fluctuations. The yen has been issued since 1910, but it received international status only in 1953. Today, although the yen is inferior to the euro and the dollar in the reserve ratio of Central banks, it is still one of the most popular currencies for international settlements.
GBP. This currency is the national currency of England and ranks fourth in the world in terms of sales and exchange. The currency was first issued in 1694, and in the 18th and 19th centuries, the pound sterling held a leading position among the reserve currencies of the world, but in 2006 it was already in third place. Today, the pound sterling is involved in 50% of transactions in the market and 14% - in the world. The exchange rate is influenced by oil prices in the UK, as well as data on the labor market in the country.
This list contains currencies from almost all countries, as well as obsolete currencies of the EU countries, which currently use the euro currency.
Or monetary units, as they are called otherwise, for convenience, they are collected in a list, divided into parts of the world and arranged alphabetically. All on one page.
And by the way, some European countries did not immediately agree to the common European currency, but after some time. For example, the Slovak krone switched to the euro only in 2008, and the country of Lithuania abandoned its litas literally in January 2015. And some countries do not change their currency to this day.
Austria - euro (until 2002 - shilling).
Albania - lek.
Andorra - euro (until 2002 - peseta).
Belarus (Belarus) - Belarusian ruble.
Belgium - euro (until 2002 - franc).
Bulgaria is a lion.
Bosnia and Herzegovina is a convertible mark.
Great Britain - pound sterling.
Hungary - forint.
Germany - euro (until 2002 - mark).
Holland - cm. Netherlands.
Greece - euro (until 2002 –
drachma).
Denmark - krone.
Ireland - euro (until 2002 - pound).
Iceland - krone.
Spain - euro (until 2002 - peseta).
Italy - euro (until 2002 - lira).
Cyprus - euro (until 2008 - pound).
Kosovo - euro (until 2002 - dinar, mark).
Latvia - euro (until 2013 - lats).
Lithuania - euro (until 2015 - litas).
Liechtenstein - franc.
Luxembourg - euro (until 2002 - franc).
Macedonia - dinar.
Malta - euro (until 2008 - lira).
Moldova (Moldova) – lei.
Monaco - euro (until 2002 - franc).
Netherlands - euro (until 2002 - guilder).
Norway - krone.
Poland is złoty.
Portugal - euro (until 2002 - escudo).
Russia - ruble.
Romania - leu.
San Marino - euro (until 2002 - lira).
Serbia is a dinar.
Slovakia - euro (until 2008 - krone).
Slovenia - euro (until 2007 - tolar).
Ukraine - hryvnia.
Finland - euro (until 2002 –
brand).
France - euro (until 2002 –
franc).
Croatia - kuna.
Montenegro - euro (until 2002 - dinar).
Czech Republic - crown.
Switzerland - franc.
Sweden - crown.
Estonia - euro (until 2010 –
crown).
Abkhazia - Russian ruble.
Azerbaijan - manat.
Armenia - dram.
Afghanistan - Afghani.
Bangladesh is like that.
Bahrain is a dinar.
Burma - cm. Myanmar.
Brunei - dollar.
Bhutan is ngultrum.
East Timor - US dollar.
Vietnam - dong.
Georgia - lari.
Israel is the new shekel.
India is the rupee.
Indonesia is the rupiah.
Jordan - dinar.
Iraq is a dinar.
Iran - rial.
Yemen - rial.
Kazakhstan - tenge.
Cambodia - riel, dollar.
Qatar - rial.
Kyrgyzstan - som.
China - yuan.
Korea is out.
Kuwait is a dinar.
Laos - kip.
Lebanon - pound.
Malaysia - ringgit.
Maldives - rufiyaa.
Mongolia is tugrik.
Myanmar - kyat.
Nepal is the rupee.
United United Arab Emirates(UAE) - dirham.
Oman - rial.
Pakistan is the rupee.
Saudi Arabia - rial.
Singapore - dollar.
Syria - pound.
Tajikistan - somoni.
Thailand - baht.
Turkmenistan - manat.
Turkey - lira.
Uzbekistan - sum.
Philippines - Peso.
Sri Lanka - rupee.
South Ossetia - Russian ruble.
Japan - yen.
Anguilla - US dollar.
Antigua and Barbuda - East Caribbean dollar.
Argentina - Peso.
Aruba - florin.
Bahamas - dollar.
Barbados - dollar.
Belize - dollar.
Bermuda - dollar.
Bolivia - Boliviano.
Brazil - real.
Venezuela is a bolivar.
Virgin Islands - US dollar.
Haiti is gourde.
Guyana - dollar.
Guadeloupe - euro.
Guatemala - Quetzal.
Guiana (French) - franc.
Honduras is a lempira.
Grenada - East Caribbean dollar.
Dominica - East Caribbean dollar.
Dominican Republic- pesos.
Cayman Islands - dollar.
Canada - dollar.
Colombia is a peso.
Costa Rica - colon.
Cuba is a peso.
Mexico is the peso.
Montserrat - dollar.
Nicaragua - cordoba.
Panama - balboa, US dollar.
Paraguay - Guarani.
Peru is the new salt.
Puerto Rico - US dollar.
Saba is the US dollar.
El Salvador - US dollar (until 2001 - colón).
Saint Pierre and Miquelon - euro (until 2002 - franc).
Saint Vincent and the Grenadines - East Caribbean dollar.
Saint Kitts and Nevis - East Caribbean dollar.
Saint Lucia - East Caribbean dollar.
Sint Maarten is a guilder.
Sint Eustatius - US dollar.
United States of America (USA) - dollar.
Suriname - Suriname.
Turks and Caicos - US dollar.
Trinidad and Tobago - dollar.
Uruguay is a peso.
Falkland Islands - pound.
Chile is a peso.
Ecuador - sucre, US dollar.
Jamaica - dollar.
Algeria is a dinar.
Angola - Kwanza.
Benin - CFA franc.
Botswana - pula.
Burkina Faso - CFA franc.
Burundi - franc.
Gabon - CFA Franc.
The Gambia is a Dalasi.
Ghana - sit down.
Guinea - franc.
Guinea-Bissau - CFA franc.
Democratic Republic of the Congo - franc.
Djibouti - franc.
Egypt - pound.
Zambia is a kwacha.
Zimbabwe - US dollar.
Cape Verde - Escudo.
Cameroon - CFA franc.
Kenya is a shilling.
Congo - CFA franc.
Côte d'Ivoire - CFA franc.
Lesotho - loti.
Liberia - dollar.
Libya is a dinar.
Mauritius - Rupee.
Mauritania - ouguiya.
Madagascar - ariary.
Malawi is a kwacha.
Mali - CFA franc.
Morocco is a dirham.
Mozambique is metical.
Namibia - dollar.
Niger is a CFA franc.
Nigeria - Naira.
Reunion - euro.
Rwanda - franc.
Sao Tome and Principe is good.
Swaziland - lilangeni.
Seychelles - Rupee.
Senegal - CFA franc.
Somalia - shilling.
Sudan - pound.
Sierra Leone - Leone.
Tanzania - shilling.
Togo - CFA franc.
Tunisia is a dinar.
Uganda - shilling.
Central African Republic - CFA franc.
Chad - CFA franc.
Equatorial Guinea - CFA franc.
Eritrea - nakfa.
Ethiopia - Birr.
Republic of South Africa - Rand.
South Sudan - pound.
Australia - dollar.
Vanuatu - vatu.
Kiribati - Australian dollar.
Marshall Islands - US dollar.
Micronesia - US dollar.
Nauru - Australian dollar.
New Zealand dollar.
Palau is the US dollar.
Papua New Guinea - kina.
Samoa is tala.
Solomon Islands - dollar.
Tonga - paanga.
Tuvalu - Australian dollar.
Fiji - dollar.
