Sign in
Download Opera News App

Economy&Finance

 

Investing

 

Foreign exchange

Top 10 Strongest Currencies in the World

The 10 Strongest Currencies In The World

Everyone likes to get the most out of their money, on the dollar. Now lets put together a list of some of the worlds strongest currencies, so you can think about getting a little extra buying power when travelling abroad.If you think Pound Sterling or the US Dollars is the strongest currency in the world, then please think again!These are the 10 strongest currencies in the world 

US Dollar ($1= Gh 5.77)

US Dollar is the official currency of the United States and its territories per the Coinage Act of 1792. The Coinage Act of 1792 created a decimal currency by creating the dime, nickel, and penny coins, as well as the dollar, half dollar, and quarter dollar coins, all of which are still minted in 2021.Depending on your currency, it’s not the best time to convert some of your cash into dollars, however, it’s well worth keeping an eye on how it performs, as it doesn’t look like it’s going anywhere soon!

Swiss Franc – (Fr1 = Gh 6.36)

The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia. Switzerland is one of the wealthiest countries in the world and has a solid track record in banking and finance. Having some of the world's strictest monetary policies and lowest debt levels has drawn many investors to view the Swiss Franc as a “Safe Bet”, choosing to store some of their wealth in the official currency of Switzerland. The Swiss National Bank issues banknotes and the federal mint Swissmint issued coins. For being the sixth most traded currency in the world, the Swiss Franc is expected to retain its value in the foreseeable future!

Cayman Islands Dollar – ($1 = Gh 6.93)

The next strongest currency in the world is the Cayman Islands Dollar. The Cayman Islands Dollar is the currency of the Cayman Islands. It is abbreviated with the dollar sign $, or alternatively CI$ to distinguish it from other dollar-denominated currencies.The Cayman Islands are well known for being one of the worlds best tax havens. They provide banking licenses for a number of the worlds biggest banks, hedge funds and insurance companies. 

Euro – (€1 = Gh 6.96)

The euro (€) is the official currency of 19 of the 27 member states of the European Union. This group of states is known as the eurozone or euro area and includes about 343 million citizens as of 2019. It holds the title as the second world reserve currency and is the official currency of 19 of the 28 member countries in the EU. The currency first began virtually, in the form of traveller cheques and electronic bank transfers, and physical notes and coins appeared a few years later in 2002. 

Gibraltar Pound – (1 GIP = Gh 8.03)

The Gibraltar pound is the currency of Gibraltar. It is pegged to and exchangeable with the British pound sterling at par value. As well as being used on its own, it’s also able to be exchanged with the British Pound at par value and, aesthetically, looks very similar.Coins and banknotes of the Gibraltar pound are minted or printed by the Government of Gibraltar.

Pound Sterling – (£1 =Gh 8.04)

The next strongest currency on our list of the strongest currencies in the world is the Pound Sterling. The pound sterling known in some contexts simply as the pound or sterling, is the official currency of the United Kingdom. It is often perceived as being the strongest currency in the world, however, that’s not the case, as it falls short to four Arabian currencies. The "pound sterling" is the oldest currency in continuous use.

Jordanian Dinar – (1 JD = Gh 8.15)

The Jordanian Dinar (د.ا )has been the currency of Jordan since 1950. It is pegged to the US dollar. This has helped it to become one of the strongest currencies in the world. The Central Bank of Jordan commenced operations in 1964 and became the sole issuer of Jordanian currency, in place of the Jordan Currency Board. The Jordanian dinar is also widely used alongside the Israeli shekel in the West Bank.

Omani Rial – (1 OMR = Gh 15.00)

The third strongest currency is the Omani Rial ( ر.ع.) is the currency of Oman.The Central Bank of Oman buys U.S. dollars at 0.384 Omani rial, and sells U.S. dollars at 0.385 Omani rial. It is the third-highest-valued currency unit in the world after the Kuwaiti dinar and the Bahraini dinar. The purchasing power of this currency is so high, that the government has to introduce 1/4 and 1/2 Rial banknotes.

Bahraini Dinar – (1 BHD = Gh 15.32) 

In second place, is the Bahraini Dinar ( د.ب or BD) is the currency of Bahrain. It is divided into 1000 files (فلس). The Bahraini dinar is abbreviated د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the files. Bahrain is a PersianGulf Island State, populated by just over 1 million people. Most of the expats in Bahrain are Indian, which makes the BHD to INR the most common. 

Kuwaiti Dinar – (1 KWD= Gh19.17)

The Kuwaiti Dinar ( دينار كويتي‎) is the currency of Kuwait. It is subdivided into 1,000 fils. As of September 2019, the Kuwaiti Dinar is the world's highest-valued currency unit per face value. It was first introduced in 1961 after gaining its independence from the United Kingdom and has since gone on to become the most valuable currency in the world. Kuwait is located on the tip of the Persian Gulf, between Iraq and Saudi Arabia, Kuwait’s wealth can be attributed to its heavy exports of oil to a global market. 

Try looking for opportunities in the countries with the strongest currencies and see what business opportunities there might be. At least your money will go a lot further in the countries with the strongest currencies.

Content created and supplied by: 12esther34 (via Opera News )

Coinage Act US Dollar United States

COMMENTS

Load app to read more comments