The world's highest valued currencies

Kuwaiti Dinar

One Kuwaiti dinar is worth $3.26, making it the world's highest valued currency.

Kuwait is a wealthy country, mainly an oil exporter to the world, located between Saudi Arabia and Iraq. Kuwait also has the largest oil reserves in the world.

The resilience and stability of the dinar is underpinned by the Kuwaiti government’s policies to encourage private sector development, diversify the economy and reduce dependence on oil revenues. Kuwait also has large foreign exchange reserves, providing a safety net against external economic shocks and ensuring the stability of the dinar’s exchange rate.

Bahraini Dinar

The Bahraini dinar is the second most valuable currency in the world, worth $2.65 per Bahraini dinar. Similar to Kuwait, the majority of Bahrain's income comes from oil and gas exports.

Omani Rial

Each Omani Rial is worth $2.60. Oman is located near the tip of the Arabian Peninsula, between Yemen and the United Arab Emirates. Like its wealthy neighbors, Oman is a major exporter of natural gas and oil.

Jordanian Dinar

The Jordanian Dinar is worth 1.41 USD. Jordan is a largely landlocked Middle Eastern country. The Jordanian Dinar exchange rate remained stable throughout the first two decades of the 21st century, which became a factor in attracting US investment to Jordan.

Pound

One British pound is worth $1.28. According to the World Bank, the UK ranks 6th among all countries in terms of GDP. It is also one of the most traded currencies globally.

Gibraltar Pound

One Gibraltar pound is worth $1.28. Located at the southernmost point of Spain, Gibraltar holds official British territory status.

The official currency of Gibraltar, the GIP, is issued by the Government of Gibraltar and regulated by the Gibraltar Monetary Authority.

Cayman Islands Dollar

One Cayman Islands dollar is worth 1.20 US dollars. Located in the Caribbean, the Cayman Islands is a British colony that serves as an offshore financial center.

Swiss Franc

One Swiss franc is worth $1.15. Given Switzerland's political stability, the Swiss franc is considered a safe haven and is the official legal tender of both Switzerland and Liechtenstein.

Euro

One euro is worth $1.10. It is the official currency of the eurozone, which includes 20 of the 27 member states of the European Union.

USD

Since its inception in the 1700s, the US dollar (USD) has been accepted as legal tender in the United States. It is by far the most widely traded currency in the world.

The US dollar is also used to price many commodities including copper, gold and oil. It is the world's largest reserve currency, meaning central banks hold the majority of it.

TH (according to VTC News)

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