Jun 06

10 Most Valuable currencies of the world

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June 6, 2011

This list is ranked as per their value against Dollar. Most valuable currency doesn’t necessarily mean that the currency is better investment option or that it represents a better economic health of a nation.

10. Cayman Islands Dollar

1KYD= 1.21 USD

With no direct taxation, the islands thrive as an offshore financial center, with hundreds of banks, insurers and mutual funds. One Cayman Islands Dollar equals $1.21 US.

9. Jordanian Dinar

1 JOD=1.4118 USD

Jordan may lack water and crude oil but the Mideast kingdom has one thing going for it – a strong currency.

8. Euro

1 Euro= 1.482 USD

Officially introduced in 1999, the multinational Euro didn’t begin changing hands until January 2001. After a rocky start, the Euro has gained on the dollar for years.

7. UK Pound Sterling

1 GBP=2.068 USD

This holiday season, it seems now more than ever, citizens of the UK are taking advantage of their favorable exchange rate and coming to the US, where for them everything is half-off.

6. Latvian Lats

1 LVL= 2.135 USD

One Lats is currently worth $2.135 US. The country, about the size of West Virginia, has entered the process to phase out the Lat in favor of the Euro, which is expected to be the official currency around 2012.

5. Cyproit Pound

1 CYP= 2.53 USD

With the small island nation relying heavily on tourism, one wonders whether people would more willingly loosen their wallets if it wasn’t the home of the world’s fifth most valuable currency

4. Omani Rial

1 OMR = 2.60 USD

Oman, a country on the east coast of Africa, has had its currency exchange rate pegged to the dollar at a rate of 1 OMR = $2.60 US since 1986. With that pegged relationship holding firm, seems as though the Rial’s fate remains tied to the fate of the dollar.

3. Bahraini Dinar

1 BHD= 2.66 USD

A small island nation, approximately 3.5 times the size of Washington DC, Bahrain is geographically central in relation to its Persian Gulf neighbors. Its industry relies on petroleum production and refining, as well as financial services and construction. With an exchange rate to the US dollar at around $2.66 for one Bahraini Dinar, it’s the third most valuable currency in the world. It’s also expected to be relatively steady, as it was officially pegged to the dollar in 2001.

2. Maltese Lira

1 MTL=3.50 USD

The small island country, which is approximately twice the size of Washington DC, is home to the second most valuable currency, but not for much longer.

1. Kuwaiti Dinar

1 KWD= 3.65 USD

In an area slightly smaller than New Jersey, lies the home of the world’s most valuable currency. Kuwait has been involved in talks this year with five other Gulf Arab monarchies to form a single currency. The Kuwait currency is currently pegged to the dollar.

Tags: Currencies, Dinar, dollar, Euro, exchange rates, Most Valuable currencies, Pound

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10 comments

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sunil

March 21, 2012 at 12:16 am (UTC 1) Link to this comment

hi,

i am sunil from india. can you send me mail if their is any change in curruncy.
and also which one is the top 10 or 05.
thanks a lot
sunil
M.a.Rawoof

April 4, 2012 at 1:22 pm (UTC 1) Link to this comment

hi,
i am rawoof from india can you send me mail or mbl msg if their change in currency
& also which one is the top 5 to 10
thanks a lot mobile no;9951771728
Rawoof
Sammy

May 24, 2012 at 3:53 pm (UTC 1) Link to this comment

Actually, the Kuwaiti Dinar is not pegged to the US Dollar. It’s pegged to an undisclosed basket of currencies/commodities which people speculate includes the US Dollar, Japanese Yen, Pound Sterling, Euro, the price of oil and the price of gold.
Edward

June 18, 2012 at 8:07 pm (UTC 1) Link to this comment

Oman isn’t on the east coast of Africa, it’s on the Arabian peninsula…
Uchelsea

July 18, 2012 at 12:39 pm (UTC 1) Link to this comment

Hi, i am Uchelsea from Nigeria, i want to know if there is any latest update in currency, thanks
prashant

August 24, 2012 at 11:47 am (UTC 1) Link to this comment

want to knw the top 10 valued currency
trol

November 16, 2012 at 6:33 am (UTC 1) Link to this comment

Go Omani Rial!!!!!!!!!!!!!!
moranus

November 19, 2012 at 6:19 am (UTC 1) Link to this comment

are there any updates in currency rates ?
tumenta ernest

December 1, 2012 at 4:53 pm (UTC 1) Link to this comment

want to know them with reference to CFAfranc
JANAK

December 14, 2012 at 3:20 pm (UTC 1) Link to this comment

HI,
I AM JANAK ,I WANT KNOW ABOUT HIGEST CURRENY IN WHICH COUNTRY

Economic Data Sources

Here is a list of free economic and financial data. The list contains data released from private bodies as well as Government sources. We will keep on updating the list as we get new data sources.

1. Economagic

Contains data on US, Japanese, Australian, ECB, Libor data in various currencies.

2. American Economic Association

Website include US Macro and Regional Data, World and Non-USA Data, Finance and Financial Markets, Journal Data and Program Archives.

3. Economic and Social Data Service (ESDS)

ESDS is a UK data service which provides link to host of economic and social data covering many areas. Service requires University Login to access the data.

4.Offstats

Contains link to many statistical data around the world.

5. UK National Statistic

You can access all data of major publications like Economic & Labour Market Review (ELMR), the Blue Book, the Pink Book, Financial Statistics, etc.

6. Bank of England

It contains interactive database. Contains monetary, banking and financial database. This includes the monthly publication, Bankstats.

7. The Treasury

Another source of UK economic data and Tools about latest economic indicators.

8. European Central Bank

Contains Statistical data about European banking and monetary system.

9. European Economy

Database containing details of economic developments in Europe.

10. OECD

Data on national Accounts, Finance, Agriculture, Development, International Trade, Labour, Prices, Public Management and Short-term Economic Statistics of OECD nations and more.

11. IMF

For data according to the countries click above link. There are many other ways in which you can access the data on main IMF website.

12. IMF Publications

Very important publications are the World Economic Outlook,Global Financial Stability Report and Annual Report.

13.IMF trade and finance stats

The complete set of IMF Direction of Trade Statistics and IMF International Financial Statistics are available free via the Economic and Social Data Service, which requires using you university/college username and password (you will have to register first: details are given on the site)

14. WTO international trade statistics

There are two main parts to the site. The first is a searchable database for various time series data. These include data on merchandise and commercial services trade.

15.UNCTAD Statistics

You can access customisable international trade, finance, commodity price and various other international statistics free of charge.

FUN, Interactive and knowledgeable

16.NationMaster

17. GAPMINDER

18. CIA World Factbook

19. Index Mundi

US DATA

20. Federal Reserve Economic DATA

Economic data for the whole of the USA, updated daily from the Federal Reserve Bank of St. Louis.

21. UK House Prices

This gives quarterly movements in national house prices since 1952.

22. The UK government's Debt Management Office

This UK government site has, amongst other things, market data on Gilt markets, Treasury Bill markets and the EU Emissions Trading Scheme (ETS) market.

23. The London Metal Exchange

You can download Excel spreadsheets of prices, stocks and traded volumes for each month of the current year for each metal.

24. World Crude Oil Prices

25.Electricity, Coal, Gas, Nuclear Power and Oil

This is a US government site, but it gives international as well as US data.

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