|
Getting your Trinity Audio player ready...
|
As they say, money makes the world go round, but not all money was created equal. Some currencies are much more valuable than others. If you want to learn about the top 10 highest currencies in the world, then let us tell you all about it. Prepare to be surprised!
You might have thought that the strongest and highest currency in the world would be the Euro,U.S. dollar, or even the British pound. However, all of these assumptions would be wrong. There are several currencies that blow these three out of the water. Let’s find out what they are!
№10. U.S. Dollar
To be fair, we were surprised to find out that dollar ended up in the last place on this list. Despite it having the highest demand among all the other world currencies, dollar is not even in the top three among the highest currencies. Taking into account how volatile its exchange rate is, it is not very surprising. As of right now, 1 U.S. Dollar (USD) goes for 360 Nigerian Naira (NGN).
№9. Swiss Franc
In case you do not know, Swiss Franc is used by the countries of Switzerland and Liechtenstein. You might often hear that some big businessmen have their money in the Swiss banks or in offshore accounts. Well, this is the currency they usually keep their money in. These days, one Swiss Franc (CHF) goes for 377 NGN (and some change).
№8. Cayman Islands Dollar
This currency was introduced back in 1972. It has a direct relation to the exchange rate of the USD, so when the American dollar’s value changes, the Cayman Islands dollar changes as well. Ever since 1974, the Caymanian dollar has cost 1.2 US dollars.Currently, one Cayman Islands Dollar (KYN) goes for approximately 432 NGN.
№7. Euro
Probably one of the most recognized currencies in the world, Euro is used in a lot of European countries (19 out of 28 member countries of the European Union use it). After the USD, it is 2nd most traded currency in the world. However, it does not make it the most valuable. As of today, one Euro (EUR) goes for approximately 443 NGN.
№6. British Pound
Even though the pound has had its ups and downs over the years, especially after the WWII, it has managed to bounce back,even stronger than ever. These days, it is among the top 10 most expensive world currencies, and it is in high demand, too! According to the latest exchange rate, one British Pound (GBP) goes for 505 NGN.
№5.Gibraltar Pound
If you have never heard of Gibraltar pound, we do not blame you. It is the national currency of a tiny country called Gibraltar, and it is used by around 30,000 people who live there. It usually has the same exchange rate as the British pound. However, just recently, it has managed to overshadow the GBP, even if only slightly. As of writing this, oneGibraltar Pound (GIP) goes for 507 NGN.
№4.Jordanian Dinar
The Jordanian dinar is officially used by the country of Jordan and unofficially used by the Palestinian territories of the West Bank. In 1950, it replaced the Palestine pound and has been one of the most successful currencies ever since. OneJordanian Dinar (JOD) goes for 507.4 NGN, which is just a tad more expensive that the GIP.
№3.Omani Rial
In third place, we have the national currency of Oman. Do not mistake the rial for real or even riyal, as none of those come even close in terms of value. The exchange rate for the rial is pegged to the USD, so one rial equals 2.6008 dollars. Now, if we are talking about naira, then One Omani Rial (OMR) goes for almost 937 NGN.
№2.Bahraini Dinar
The second most valued currency is the Bahraini dinar used by the people of Bahrain. It is fascinating that so many relatively small countries have such expensive currencies. As many other currencies, dinar is pegged with the USD, and 1 dollar is only 0.376 dinars. These days, oneBahraini Dinar(BHD) goes for 956 NGN.
№1.Kuwaiti Dinar
The leader among all the other currencies when it comes to value is the Kuwaiti dinar. It really comes as no surprise, as Kuwait is one of the wealthiest countries in the world. It is said that 1 in 17 people who live in Kuwait are millionaires! Can you imagine that? Granted, the country is not that big, but it is still very impressive. Right now, one Kuwaiti Dinar (KWD) goes for the whopping 1,200 NGN (and some change).
Did you know which currency was the most valued in the whole world? Were you able to learn something new from this article? We hope that it has helped you to find out a little bit more about the world and its many currencies.
