According to Bestdiplomats, the strongest currencies were examined, taking into account the amount of foreign cash obtained per US dollar. The ranking of the world's most valuable currencies is based on information from Open Exchange, the unit that provides conversion rates.
Kuwaiti Dinar
One Kuwaiti dinar is worth 3,26 USD, making it the world's most valuable currency.
Kuwait is a wealthy country, mainly an exporter of oil to the world, located between Saudi Arabia and Iraq. Kuwait is also the country with the world's largest oil reserves.
Kuwaiti dinar. (Photo: Getty)
The resilience and stability of the Dinar is underpinned by the Kuwaiti Government's policies that encourage the development of the private sector, diversify the economy and reduce dependence on foreign income. oil. Kuwait also has large foreign exchange reserves, which provide a safety net against external economic shocks and ensure the stability of the dinar exchange rate.
Bahraini Dinar
The Bahraini dinar is the second most valuable currency in the world, worth 2,65 USD 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 USD. Oman is located near the tip of the Arabian Peninsula, between Yemen and the United Arab Emirates. Oman is a major exporter of gas and oil, like its other wealthy neighbors.
Jordanian Dinar
Jordanian dinar equals 1,41 USD. Jordan is a largely landlocked Middle Eastern country. The exchange rate of the Jordanian Dinar currency remained stable throughout the first two decades of the 2st century, which has become a factor in attracting American investments to Jordan.
GBP
(Image: Getty)
One British pound is worth 1,28 USD. 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 USD. Located at the southernmost point of Spain, Gibraltar holds official British territory status.
Gibraltar's official currency, the GIP, is issued by the Government of Gibraltar and managed 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, serving as an offshore financial center.
Swiss Franc
One Swiss franc is worth 1,15 USD. Given Switzerland's political stability, the Swiss franc is considered a safe haven and the official legal tender of both Switzerland and Liechtenstein.
Euro
One euro is worth 1,10 USD. It is the official currency of the eurozone, which includes 20 of the 27 member states of the European Union.
USD
Since its emergence in the 1700s, the United States dollar (USD) has been accepted as legal tender in America. It is by far the most traded currency worldwide.
(Image: Getty)
In addition, the USD 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.
