20 Highest Currency in the world 2021
Cryptocurrency like Bitcoin is the highest currency value in the world. But if you think the national currency of any country then Kuwait is the nation with the highest currency value in the world. The Kuwait Dinar is the highest currency in the world with the highest exchange rate, making it the most powerful currency in the world. Many people may feel that the United States Dollar has the highest currency in the world. While the US dollar is the most widely used money on the planet, it is not the most powerful.
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.
Here is the list of the 20 Highest Currency in the world from top to buttom.
1. Kuwaiti Dinar
The Kuwaiti dinar is perhaps the world’s highest currency in the world, 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.
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
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-highest currency in the world, 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.
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
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 highest currency in the world.
1 Omani Rial = 2.60 USD Dollar
Currency Code: OMR
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 is 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 Euro, the Pound is the fourth highest currency in the world.
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
Central bank: Bank of England
1 Pound = 1.43 USD Dollar
Currency Code: GBP
5. Jordanian Dinar
Since 1950, Jordan has used the Jordanian dinar as its official currency. The dinar is subdivided into ten dirhams, one hundred qirshes, and one thousand plus. 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. the Jordanian dinar is the fifth-highest currency in the world.
Official website: cbj.gov.jo
Central bank: Central Bank of Jordan
1 Jordanian dinar = 1.41 USD Dollar
Currency Code: JOD
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. The Caymanian Dollar is the 6th highest currency in the world.
Country: Cayman Islands
Official website: cimoney.com.ky
Central bank: Cayman Islands Monetary Authority
1 Caymanian Dollar = 1.20 USD Dollar
Currency Code: KYD
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. The Euro is the 7th highest currency in the world.
Country: Europe Union
Official website: www.ecb.europa.eu
Central bank: European Central Bank
1 Euro = 1.22 USD Dollar
Currency Code: EUR
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
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. The US Dollar is the 9th highest currency in the world.
Country: The United States
Official website: www
Central bank: Federal Reserve
Symbol: $, US$, U$
1 USD Dollar = 1 USD Dollar
Currency Code: USD
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.
Official website: centralbankbahamas.com
Central bank: Central Bank of The Bahamas
1 Brunei dollar = 1 USD Dollar
Currency Code: BSD
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.
Official website: bma.bm
Central bank: Bermuda Monetary Authority
1 Bermudian dollar = 1 USD Dollar
Currency Code: BSD
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.
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
13. 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.
Official website: rba.gov.au
Symbol: $, A$, AUD
Central bank: Reserve Bank of Australia
1 Australian dollar = 0.77 USD Dollar
Currency Code: AUD
14. 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.
Official website: ambd.gov.bn
Central bank: Monetary Authority of Brunei Darussalam
1 Brunei dollar = 0.76 USD Dollar
Currency Code: BND
15. 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.
Official website: mas.gov.sg
Symbol: $, S$
Central bank: Monetary Authority of Singapore
1 Singapore dollar = 0.76 USD Dollar
Currency Code: SGD
16. 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
Central bank: Reserve Bank of New Zealand
1 New Zeland Dollar = 0.73 USD
Currency code = NZD
17. 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.”
Official website: bnb.bg
Central bank: Bulgarian National Bank
1 Bulgarian lev = 0.62 USD Dollar
Currency Code: BGN
18. Azerbaijani 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.
Official website: cbar.az
Central bank: Azərbaycan Respublikası Mərkəzi Bankı
1 Azerbaijan manat = 0.59 USD Dollar
Currency Code: AZN
19. 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.
Official website: cbaruba.org
Central bank: Central Bank of Aruba
1 Aruban Florin = 0.56 USD Dollar
Currency Code: AWG
20. 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 is subdivided into 100 cents. The official exchange rate is 2 BZ$ = 1 US$.
Official website: centralbank.org.bz
Central bank: Central Bank of Belize
1 Belize Dollar= 0.50 USD Dollar
Currency Code: BZD
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.