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20 Highest Currency in the world 2021

Many people may feel that the United States Dollar has the highest currency monetary worth of all the world’s currencies. While the US dollar is the most widely used money on the planet, it is not the most powerful.

Highest Currency

The American Dollar has the highest currency monetary worth of all the world’s currencies, yet it is not the most valued currency.

In general, the performance of a currency is determined by comparing it to another currency that serves as a market benchmark, and in most circumstances, that currency is the US dollar.

While it is obvious that the US Dollar is a powerful and popular currency, as you can see from the table above, other currencies have greater values than the US Dollar. Yes, there are currencies that are more powerful than the US dollar.

Kuwait is the nation with the highest currency, and the Kuwait Dinar is the currency with the highest exchange rate, making it the most powerful currency in the world.

Here is the list of the 20 Highest Currency in the world from bottom to top.

20. Belize dollar

Belize dollar

The Belize dollar is the country’s official currency. To differentiate it from other dollar-denominated currencies, it is usually abbreviated with the dollar symbol $, or alternatively BZ$. One Belize dollar subdivided into 100 cents. The official exchange rate is 2 BZ$ = 1 US$.

Country: Belize

Official website: centralbank.org.bz

Symbol: $

Central bank: Central Bank of Belize

1 Belize Dollar= 0.50 USD Dollar

Currency Code: BZD

19. Aruban florin

Aruban florin

Aruba’s national currency is called the florin. It’s divided into 100 cents. In 1986, the florin was created to replace the Netherlands Antillean guilder on an equal footing. The Aruban florin is currently tied to the US dollar at a rate of 1.79 florins per dollar.

Country: Aruba

Official websitecbaruba.org

Symbol: ƒ

Central bank: Central Bank of Aruba

1 Aruban Florin = 0.56 USD Dollar

Currency Code: AWG

 18. Azerbaijani manat

azerbaijan manat

The manat is the currency of Azerbaijan. It is subdivided into 100 qəpik. The Azerbaijani manat symbol, ₼, was assigned to Unicode U+20BC in 2013. A lowercase m can be used as a substitute for the manat symbol.

Country: Azerbaijan

Official websitecbar.az

Central bankAzərbaycan Respublikası Mərkəzi Bankı

1 Azerbaijan manat = 0.59 USD Dollar

Currency Code: AZN

17. Bulgarian Lev

Bulgarian Lev

The Bulgarian Lev is the country’s official currency. The term “lev” means “lion” in ancient Bulgarian; in contemporary Bulgarian, the word “lion” is Luv. There are 100 stotinki in one Bulgaria lev. Stotinka is a Bulgarian word that meaning “a hundredth” and is derived from the French word “centime.”

Country: Bulgaria

Official website: bnb.bg

Symbol: Лв.

Central bank: Bulgarian National Bank

1 Bulgarian lev = 0.62 USD Dollar

Currency Code: BGN

16. New Zealand dollar

New Zealand dollar

The New Zealand dollar is the official currency and legal money of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and the Pitcairn Islands, all of which are British territories.

It is nearly generally abbreviated with the dollar symbol ($) inside New Zealand, with “NZ$” sometimes used to differentiate it from other dollar-denominated currencies. Because New Zealand is generally linked with the kiwi, and the one-dollar coin shows the indigenous bird on its back, it is sometimes referred to unofficially as the “Kiwi” or “Kiwi dollar” in currency trade.

The dollar was first introduced in 1967 and is split into 100 cents. There are ten denominations in total—five coins and five banknotes—with the 10-cent coin being the smallest. Lower denominations were formerly available, but owing to inflation and manufacturing costs, they were phased out.

Country: New Zeland

Official website: rbnz.govt.nz

Symbol: $

Central bank: Reserve Bank of New Zealand

1 New Zeland Dollar = 0.73 USD

Currency code = NZD

15. Singapore dollar

Singapore dollar

The official currency of Singapore is the Singapore dollar. It is subdivided into 100 cents. To differentiate it from other dollar-denominated currencies, it is generally abbreviated with the dollar symbol $ or S$. Singapore’s Monetary Authority is responsible for issuing Singapore dollar banknotes and coins.

The Singapore dollar is a costly currency that is the 13th most traded on the foreign exchange market, contributing to around 1.8 percent of daily FX trading.

Country: Singapore

Official website: mas.gov.sg

Symbol: $, S$

Central bank: Monetary Authority of Singapore

1 Singapore dollar = 0.76 USD Dollar

Currency Code: SGD

14. Brunei dollar

Brunei dollar

Since 1967, the Sultanate of Brunei has used the Brunei dollar as its official currency. To differentiate it from other dollar-denominated currencies, it is usually abbreviated with the dollar symbol $, or alternatively B$. It is subdivided into 100 cents (English). Brunei Darussalam’s central bank, the Autoriti Monetari Brunei Darussalam, issues the Brunei dollar (Monetary Authority of Brunei Darussalam).

The Brunei dollar and the Singapore dollar are convertible at par, according to a 1967 Currency Interchangeability Agreement. As a result, the Brunei dollar is recognized as “customary tender” in Singapore, and the Singapore dollar is accepted in Brunei as well.

Country: Brunei

Official website: ambd.gov.bn

Symbol: B$

Central bank: Monetary Authority of Brunei Darussalam

1 Brunei dollar = 0.76 USD Dollar

Currency Code: BND

13. Australian dollar

Australian dollar

The Australian dollar is the official currency of Australia, as well as its overseas possessions of Christmas Island, Cocos Islands, and Norfolk Island. Kiribati, Nauru, and Tuvalu are three autonomous Pacific Island countries that utilize it as their official currency. In Australia, it is accepted as a legal currency.

It is nearly typically abbreviated with the dollar symbol ($) inside Australia, with A$ or AU$ being used sometimes to differentiate it from other dollar-denominated currencies. Prior to the sum, the $ sign appears. It’s broken down into 100 cents.

On 14 February 1966, the Australian dollar was launched to replace the pre-decimal Australian pound, at a conversion rate of A$2 = A£1. The Australian dollar was legal money in Papua New Guinea until December 31, 1975, when the Papua New Guinean kina replaced it, and in the Solomon Islands until 1977, when the Solomon Islands dollar replaced it.

Country: Australia

Official website: rba.gov.au

Symbol: $, A$, AUD

Central bank: Reserve Bank of Australia

1 Australian dollar = 0.77 USD Dollar

Currency Code: AUD

12. Canadian Dollar

Canada’s official currency is the Canadian dollar. To differentiate it from other dollar-denominated currencies, it is abbreviated with the dollar symbol $, or sometimes CA$, Can$, or C$. It is split into hundred cents of a dollar.

The dollar coin, and occasionally the unit of the currency itself, is referred to as the loonie by English-speaking Canadians and foreign exchange traders and analysts due to the picture of a loon on its back.

The Canadian dollar is the world’s fifth-most-held reserve currency, behind the US dollar, the euro, the yen, and the pound sterling, accounting for around 2% of all worldwide reserves.

Because of Canada’s relative economic soundness, the Canadian government’s strong sovereign position, and the country’s legal and political institutions’ stability, the Canadian dollar is favored among central banks.

Country: Canada

Official website: bankofcanada.ca

Symbol: $, C$, CAD, Can$

Central bank: Bank of Canada – Banque du Canada

1 Canadian dollar = 0.83 USD Dollar

Currency Code: CAD

11. Bermuda Dollar

The Bermudian dollar is the official currency of Bermuda, which is a British Overseas Territory. One Bermudian dollar divided into 100 cents.

The Bermudian dollar is tied to the United States dollar at a one-to-one ratio and is not generally traded outside of Bermuda. Both currencies are equally accepted in Bermuda.

Country: Bermuda

Official website: bma.bm

Symbol: $

Central bank: Bermuda Monetary Authority

1 Bermudian dollar = 1 USD Dollar

Currency Code: BSD

10. Bahamian dollar

Since 1966, The Bahamas has used the Bahamian Dollar as its official currency. To differentiate it from other dollar-denominated currencies, it is usually abbreviated with the dollar symbol $, or alternatively B$. It is broken down into 100 cents.

The Bahamas became the first nation to establish a legal digital currency on October 20, 2020, when the Sand Dollar was introduced as an alternative to the standard Bahamian dollar.

Country: Bahamas

Official website: centralbankbahamas.com

Symbol: B$

Central bank: Central Bank of The Bahamas

1 Brunei dollar = 1 USD Dollar

Currency Code: BSD

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9. United States Dollar

The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar to distinguish it from other dollar-denominated currencies; also known as the dollar, U.S. dollar, American dollar, or colloquial buck) is the official currency of the United States and its territories, as established by the Coinage Act of 1792. One dollar is subdivided into 100 cents or into 1000 mills for accounting and tax reasons. The Coinage Act of 1792 established decimal money by introducing the dime, nickel, and penny coins, as well as the dollar, half a dollar, and quarter-dollar coins, all of which are still in use in 2021.

Country: The United States

Official website: www.federalreserve.gov

Central bank: Federal Reserve

Symbol: $, US$, U$‎

1 USD Dollar = 1 USD Dollar

Currency Code: USD

8. Swiss Franc

Switzerland and Liechtenstein use the Swiss franc as their official currency and legal money. The Italian exclave of Campione d’Italia also recognizes it as legal currency. The Swiss National Bank provides banknotes, whereas the Swissmint, the federal mint, produces coins.

Country: Switzerland and Liechtenstein

Official website: snb.ch

Symbol: CHf, Fr., SFr.

Central bank: Swiss National Bank

1 Swiss franc = 1.1 USD Dollar

Currency Code: USD

7. Euro

19 of the European Union’s out of 27 member states use the euro as their official currency. The eurozone, sometimes known as the euro region, is a collection of countries with around 343 million residents as of 2019. After the US dollar, the euro, which is split into 100 cents, is the second-largest and most traded currency in the foreign exchange market.

The currency is also used by the European Union’s institutions, four European microstates that are not EU members, the British Overseas Territories of Akrotiri and Dhekelia, and Montenegro and Kosovo independently. A handful of EU member countries’ special territories also use the euro as their currency outside of Europe. Furthermore, nearly 200 million individuals utilize euro-denominated currencies across the globe.

Country: Europe Union

Official website: www.ecb.europa.eu

Symbol: €

Central bank: European Central Bank

1 Euro = 1.22 USD Dollar

Currency Code: EUR

6. Caymanian Dollar

The Cayman Islands are a group of islands located in the Caribbean. The Cayman Islands use the Caymanian Dollar as their official currency. To differentiate it from other dollar-denominated currencies, it is abbreviated with the dollar symbol $, or alternatively, CI$. One Caymanian Dollar divided into 100 cents.

Country: Cayman Islands

Official website: cimoney.com.ky

Symbol: $

Central bank: Cayman Islands Monetary Authority

1 Caymanian Dollar = 1.20 USD Dollar

Currency Code: KYD

5. Jordanian Dinar

Since 1950, Jordan has used the Jordanian dinar as its official currency. The dinar is subdivided into ten dirhams, one hundred qirsh, and one thousand fulus. It has a fixed exchange rate with the United States dollar. In 1964, the Jordan Currency Board was replaced by the Central Bank of Jordan, which became the only issuer of Jordanian currency.

Country: Jordan

Official website: cbj.gov.jo

Symbol: د.ا

Central bank: Central Bank of Jordan

1 Jordanian dinar = 1.41 USD Dollar

Currency Code: JOD

4. Pound Sterling

The pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha in certain settings. One pound divided into 100 pence (singular: penny, abbreviated: p). The “pound sterling” is the world’s oldest continuously used currency. There are currencies named the pound in other countries that do not utilize sterling.

After the United States dollar, the euro, and the Japanese yen, sterling is the fourth most traded currency in the foreign exchange market. It is part of the basket of currencies that determines the value of IMF special drawing rights, together with those three currencies plus the Chinese yuan. Sterling is also the fourth most-held reserve currency in worldwide reserves as of September 30, 2019.

Country: United Kingdom

Official website: www.bankofengland.co.uk

Symbol: £

Central bank: Bank of England

1 Pound = 1.43 USD Dollar

Currency Code: GBP

3. Omani Rial

After political changes in 1973, the Omani Rial was adopted as the country’s official currency, replacing the rial Saidi (not Saudi riyal). The Omani rial is divided into 1000 baisa units.

The rial was tied to the US dollar from 1973 to 1986, with 1 Omani rial equaling US$2.895. In 1986, the exchange rate was modified to 1 Omani rial = US$2.6008, which equates to around US$1 = 0.384497 rial. The Central Bank of Oman buys and sells US dollars for 0.384 Omani rials and 0.385 Omani rials, respectively.

After the Kuwaiti dinar and the Bahraini dinar, it is the third most valuable monetary unit in the world.

Country: Oman

Official website: cbo-oman.org
Symbol: ر.ع.
Central bank: Central Bank of Oman

1 Omani Rial = 2.60 USD Dollar

Currency Code: OMR

2. Bahraini Dinar

The Bahraini dinar (Arabic: دينار‎ Dīnār Baḥrēnī) is the country’s official currency. It’s subdivided into 1000 fils (فلس). The Bahraini dinar is abbreviated as د.ب (Arabic) or BD (Latin). The fils are often expressed with three decimal places.

The word dinar comes from the Latin word denarius, which means “denarius” in English.

As of May 2021, the Bahraini dinar is the second most valuable circulating currency, with one Bahraini dinar equaling 2.65 US dollars, behind only the Kuwaiti dinar, which is worth 3.32 US dollars.

The dinar was formally tied to the International Monetary Fund’s special drawing rights in December 1980. (SDRs). In actuality, it is set fixed-rate exchange at $1 USD = 0.376 BHD, equating to around 1 BHD = $2.65957 USD and, as a result, almost 10 Saudi Arabian riyals. Saudi riyals are accepted in Bahrain at all points of sale, with the exception of the Saudi 500 riyal note, which is exclusively accepted at big supermarkets, airports, and electronic stores.

Country: Bahrain

Official website: cbb.gov.bh

Symbol: .د.ب, BD

Central bank: Central Bank of Bahrain

1 Bahraini dinar = 2.66 USD Dollar

Currency Code: BHD

1. Kuwaiti Dinar

The Kuwaiti dinar is perhaps the world’s most valuable currency, having the greatest dollar conversion rates. It was adopted into Kuwait’s legal system in 1960 as a substitute for the Gulf rupee. The Kuwaiti dinar was pegged to the British pound sterling in its early years.

During the invasion of Iraq in 1990, the Kuwaiti dinar was quickly replaced as the official currency by the Iraqi dinar, and vast numbers of banknote denominations were taken by the invading country’s military. Following the freedom, it was revived, and a new currency series was released for the first time.

Kuwait’s currency is known as the Kuwaiti dinar. It’s divided into 1,000 fils. The Kuwaiti dinar is the strongest circulating currency as of May 2021, with one Kuwaiti dinar equaling 3.32 United States dollars, barely ahead of the Bahraini dinar, which has a value of 2.65 United States dollars.

Country: Kuwait

Official website: cbk.gov.kw

Symbol: KD, د.ك

Central bank: Central Bank of Kuwait

1 Kuwaiti dinar = 3.32 USD Dollar

Currency Code: BHD

Conclusion

The value of the currency is changed every day. So above value depend on the market value of that day’s currency exchange. Sone country has fixed-rate exchange values like Oman, Bahrain, and Kuwait.

Imports and exports, inflation, employment, interest rates, growth rate, trade deficit, equity market performance, foreign exchange reserves, macroeconomic policies, foreign investment inflows, banking capital, commodity prices, and geopolitical conditions are all factors that influence the value of a currency.

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