Top 10 Highest Currencies In The World In 2022
Almost every country has its own currency. The U.S. Dollar is an important international reserve currency. However, USD is not the highest currency in the world. So, what are the top 10 highest currencies in the world? Let’s discover!
Top 10 highest currencies in the world
Kuwaiti Dinar (KWD)
Kuwaiti Dinar (KWD) is the highest currency in the world. The Kuwaiti dinar is the strongest circulating currency as of 23 May 2022, with one Kuwaiti dinar equaling 10.67 US dollars. KWD is strong because Kuwait has a stable economy.
Bahraini Dinar (BHD)
Bahraini Dinar (BHD) is the second-highest currency in the world, with one Bahraini Dinar equal to 2.65 US dollars. The Bahraini economy is heavily reliant on the export of petroleum products.
Omani Rial (OMR)
Omani Rial (OMR) is the third-highest currency in the world, with one Omani Rial equal to 2.60 US dollars. The purchasing power of the Omani Rial is insanely high because of its oil-rich territory.
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Jordanian Dinar (JOD)
Jordanian Dinar (JOD) is 1.41 times higher than the United States Dollar. One Jordanian Dinar is equal to 1.41 US dollars. It is the fourth highest currency in the world. According to experts, the Jordanian Dinar has a high value because the government keeps fixed exchange rates for the currency.
British Pound Sterling (GBP)
One British Pound Sterling (GBP) is equal to 1.26 United States Dollars. It is the fifth-highest currency in the world. It is also the best currency in entire Europe in 2022. The key driver of the strong pound is interest rates.
Cayman Islands Dollar (KYD)
The Cayman Islands Dollar (KYD) is the sixth highest currency in the world. One Cayman Islands Dollar (KYD) is equal to 1.20 United States Dollars. It is the only currency in the highest currency list in Caribbean countries. The currency is higher because the Cayman Islands are tax havens in the world.
European Euro (EUR)
European Euro (EUR) is the seventh highest currency in the world. The Euro is by far the 2nd most reserved currency in the world after the United States dollar. One Euro equals 1.07 United States Dollars. The Euro currency is the second most traded currency in the world in the forex market.
Swiss Franc (CHF)
Switzerland has a stable and flourishing economy. One Swiss Franc (CHF) equals 1.03 United States Dollars. Switzerland is also the third richest landlocked country in the world.
US Dollar (USD)
The US Dollar (USD) is the official currency of the United States of America. It is the ninth highest currency in the world. It is the most used, reserved, and traded currency in the world. The US Dollar is often termed the “Global Currency” worldwide.
Canadian dollar (CAD)
The Canadian dollar (CAD) is the tenth highest currency in the world. One Canadian Dollar equals 0.78 United States Dollars. It is the fifth-largest reserved currency and the sixth most traded currency in the world.
This is the list of the top 10 highest currencies in the world. What do you think about these currencies? Share your answer in the comment section below.