Currency is one of the many signs which shows the growth of a country’s economy. A lot of things depends on the strength of currency of a country. Let us discuss the top 10 strongest currencies in the world as of April 2017.
US Dollar is the being used as the standard currency to compare the strength of each one listed here. Take a look at 10 of the strongest currencies in the world.
Top 10 Strongest Currencies In The World 2017
1. Kuwaiti Dinar – 3.28 USD
The first one is the Kuwaiti Dinar which is the currency of state of Kuwait denoted as KWD. It is one of the richest countries, and the value of one dinar is equal to 3.28 US dollars. Kuwait is a small nation but due to the returns on the trade of oil and gas, it is considered as one of the richest countries, and thus it has a strong currency value.
2. Bahrain dinar – 2.65 USD
The Bahrain dinar is another strong currency in the world which is official currency of Kingdom of Bahrain. One Bahrain dinar is equivalent to 2.65 US dollars. The most valued note of a Bahrain dinar is Twenty Dinars. The country has enough reserves of oil, and thus it has a strong economy and currency.
3. Omani Riyal – 2.6 USD
Omani Riyal denoted as OMR is the currency of Sultanate of Oman. One Oman Riyal is equal to 2.60 US dollars. The highest denomination note is 50 OMR. Oil is the economic backbone of Oman. This adds to the economic development. Moreover, they are the major exporter of coconuts, dates, wheat, bananas, fish, etc. which makes them strong thus making Riyal as one of the strongest currencies in the world 2017.
4. Latvian Lat -1.61 USD
The Latvian lat is the currency of Latvia and is denoted as LVL. One LVL equals to 1.61 US dollars. The highest note is 500 LVL, but this is rarely used.
5. Falkland Island Pound – 1.25 USD
Falkland Islands pound is the currency of the British overseas territory i.e. the Falkland Island. One Falkland Island pound is equal to 1.25 US dollars, and the highest denomination note is 50.
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6. British Pound – 1.25 USD
British pound sterling is the currency of United Kingdom, South Sandwich Islands, Isle of Man, etc. it is one of the oldest currencies in the world and one GBP is equal to 1.25 US dollars. The highest denomination note is 50 pounds.
7. Jordanian Dinar – 1.41 USD
Jordanian Dinar is the currency of Hashemite of Jordan and is equal to 1.41 US dollars.
8. Island Dollar – 1.22 USD
The island’s dollar is the currency of Cayman Islands. It is known as KYD and is equal to 1.22 US dollars. The highest denomination note is 100 KYD.
9. European Union Euro
The European Union euro is known as EUR, and it is the currency of 19 European nations. It is equal to 1.07 US dollars, and the highest currency note available is 500 EUR.
10. The Swiss Franc
The Swiss franc is known denoted as CHF and is the currency of Swiss Confederation i.e. Switzerland. 1 CHF is equal to 1 US dollars.
These 10 are strongest currencies in the world as of April 2017. The strength of a currency is one of the many indications of a country’s economy.