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It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

The Swiss franc is pretty strong, compared to most other currencies atm, as it's purchasing power is pretty stable against the other big currencies.
Someone I know works for a financial firm in Zurich, and he's very happy to be paid in CHF.

Yeah it's definitely not the USD

It is tied to the Euro now.  Central bank policy.  CHF strength is history.

Yuan

If you define "strong fiat" by: a low public (http://en.wikipedia.org/wiki/List_of_countries_by_public_debt), external (http://en.wikipedia.org/wiki/List_of_countries_by_external_debt), private and commerial debt, you'll end up with a "third-world" looking list.

If you define "strong fiat" by: used by a lot of people, it will be the USD.

Obviously, both methods fail. We might consider a fiat currency as strong if it has a stable percentage of money growth, which ideally should be 0.

EURO is the most strongest currency i would and if you are asking about the worth in conversion then its kuwati riyal( correct me if iam wrong) which cost somewhat around 3.55usd per riyal.  :)

I mean as far as purchasing power goes, If you wanted to cash out some Bitcoin what would be the best currency to cash out in?

PBOC is inflating it massively.  Declining even against USD now.

Any currency managed by a central bank tends to zero.  All the currencies are now managed by central banks.  They will all go to zero. 
If you want to save via currency markets, save by capitalizing a swap with positive carry.

Or just put all of your money into Bitcoin?

as probably every currency can be manipulated by Rothschild family then there isn't any which can be the strongest one...

The Swiss franc is currently pegged to the Euro, but if things get really bad/worse in Greece again it will be interesting to keep an eye on how the EU tries to keep it all together.

Norwegian Krone. Not kidding.

http://www.newsinenglish.no/2012/02/07/norways-currency-stronger-than-ever/

Fiat currencies are meant/designed to be inflated and spent, so you might just want to cash out in whatever currency that is accepted locally, because you are going to spend it ;)

The Norwegian krone set another record last year in terms of sheer strength, compared to other foreign currencies. That makes Norway even more expensive than normal for visitors from abroad and poses problems for Norwegian exporters, while Norwegian residents themselves can save thousands on overseas shopping trips and holidays.



Thanks for the link.
Is Norway 'uber-socialist' like Sweden?

Yes, they are bat shit insane, but they have lots of natural resources.

No paper money will survive the current hyperinflation, you might have government surviving it if they have a budget surplus and they manage things well but otherwise things are going to go to hell for most people.

+1 for Norway, just about any government with natural resources at its disposal and a budget surplus will have a strong currency, but paper money itself is going to vanish, I think you could also add Russia to the list as well for that reason but fiat currencies in general are being propped up, as quite a few people have said on this forum, they've been propped up with guns.

China is still doing well and knows how to manage an economy but again, paper money is going to fail them, especially since they've bought up so many U.S bonds.

Euro as always, even if it fall, there is many banks that want it high and nice, much more then USD.

CHF is down for very long time now.

Krone is interesting. I never even took a look on it, but for sure it should stay stable.

Yuan is yuan, too heavily controlled by state. Even citizens of issuing state don't want to use it.

is that GBP?
sounds very expensive to buy it

Interesting, I wasn't aware of this. Thanks for the info.

Euro atm is very strong.

$AUD!

RBA is one of the central banks which is conducting a coordinated devaluation of their currencies.  RBA is even depreciating next to the USD, which is losing value faster than any time since the time when Nixon closed the gold window.

The appearance of strength in a currency is meaningless when it is compared to other fiat currencies which are also being devalued aggressively.  Look at commodity prices valued in the currency in question if you want to know whether it is appreciating or depreciating.  If it buys less stuff now than before, then it is depreciating.  But remember to adjust for the commodity cycle, which is rather long.

IMHO comparing FIAT currencies looking for a champion is like looking at suiciders in freefall off a bridge - and checking which ones are a few feet behind the others.
Technically, the trailers die later and may be a better bet compared to the others ahead - but their share the same fate.

The only thing that seems to differ is the point on the time/decay curve they're on.

CHF is a strong player in the death race, but infected with the same cancer. Still, looks better running than the others, even despite that fixed Euro peg concrete ball attached to its leg.
(since 80% of swiss revenue comes from the finance sector, the next cycle of financial instability just around the corner can quickly change all that, however)

IMHO only the next iteration of currencies (after the next reset that usually occurs roughly every ~70-80 years and which currently is overdue) might have some decades of relative stability. Depends on how the reset occurs, though (might not go peaceful, mass redistribution of wealth never really does). Will be quite a ride to say the least.

The Chinese are very actively preparing the Yuan/Renmimbi for the next cycle (AFAIK the only nation who openly does it) - but who knows if they are really capable to manage it as they plan to. They gobble up every ton of gold they can get their hands on and openly advised their population to do the same.
Some other nations at least attempt to repatriate their abroad gold holdings which were in complete hibernation for over 50 years, which is a clear sign of them preparing as well, just in a more covert way.
The US seems happy with frantically trying to keep foreign gold holdings or invading other nations to *cough* "take theirs into safer custody". Other than that they're just preparing by transforming domestic law enforment into a full-scale riot-control military, getting ten thousands of drones for 24/7 domestic surveillance, massively boosting their intelligence apparatus and hastily completing internment camps on US soil scheduled to be operated by the US army (which tells me they expect their transition to be a pure sh*tstorm).

Might just be the Euro for the next few years... ;)

Actually the strongest fiat currency is indeed the US dollar, the de facto reserve currency of the world.  If it was not the strongest, it would buy a lot less than it does now.  This is well known to economists.

TonyT

That's a myth, even when AUD was at its peak in the last 4 years or so the cost of living was skyrocketing at a hyper rate, inflation was rampant in Australia yet the Analysts and experts kept claiming how strong the AUD is, ignoring the fact purchasing power of AUD is very poor.

Just because a currency may appear strong against other currencies doesn't mean its a strong and stable one.

True measure of a stable currency imo is its purchasing power and v low inflation rate.

What good does it do for a person if his local currency goes up in value against other currencies but food and living prices go up every week. That scenario only benefits forex speculators

But if the USD goes away then what will the government replace it with? Maybe another fiat currency backed by the gold reserves? Or maybe a fiat currency backed by a crypto algorythm like bitcoin?

Or maybe better yet we adopt the venus project mindset and switch to a resource based economy with no money at all.

There's not much of a difference between the euro and usd. They fluctuate in rather predictable patterns against each other (1.2 to 1.5 range for years now).

I think that GBP is the strongest as well as USD!
Actually it's YE$, the three most powerful fiat in the world but not is seems like GBP is less volatile and have a real power

You ask this on a Bitcoin forum?

If the USD fails, it is probably a failure for the global fiat project.  It seems likely to spell a practical end to sovereign fiat currency.  After the Weimar explosion, Marks were backed by gold, out of political necessity.  No one would use fiat again without exchangability. It seems very unlikely there would be a fractional gold currency after a fiat failure.  It also seems unlikely to be helpful to the US economy to issue a full-reserve paper currency, given the volume of offshore claims.  And as for hard currency, what gold?  The gold leased out through JPM?  The German gold we won't return?  The gold we sold to China?

A dollar hyperinflation will end in either a centralized or a decentralized global crypto currency system.  There is a decentralized one in place which works, albeit it needs work to scale up. 

I don't think the USD will go away... It'll simply hyperinflate at some point. All it takes is other nations leaving the agreed script & dump US debt on the market, the FED can only absorb so much within a timeframe; plus, the US dollar circle jerk would then be 100% complete and the farce obvious to anyone, leading to further deteriorating trust in it.
Before that point is reached, as I stated above, the US has detailled plans to "contain" the issue of unsatisfied citizens affected by it.
Against non-compiling nations, the US military or CIA always gave some "motivation" (think Iraq, which started selling oil for Euros instead of the US Dollar; or Lybia, which planned to launch an african union currency using a gold-backed Dinar. Where he can afford it, Uncle Sam really acts pissy in those cases and puts a quick stop to that.)

After all, I can hardly imagine the US accepting a Chinese yuan or international Renmimbi as domestic currency, although it (and others) will likely be used on the black markets.
Think Zimbabwe, Belarus or Venezuela, these are good and recent/current examples of how things can work out in the endgame.

But China is the only country getting away with bypassing the US Dollar (lost count, they got like 20+ nations which agreed trading using their local currencies in favor of the US Dollar, the chinese economic dominance, military and nuclear arsenal were the key factors that allowed them doing that).

Perhaps I assume too much.  I don't see the government replacing fiat with Bitcoin either.  I see the market replacing fiat with Bitcoin.

CHF

without pegging it to the EUR at 0.83 CHF/EUR (which led to a huge real estate bubble), it would be 2 CHF/EUR or more and certainly over 2 CHF/USD

One way or another, the US finds a place to export their inflation to. The people at the Federal Reserve and US Treasury must really cheer economic collapses, natural disasters and foreign wars (whether they're provoked by or involving the US or not). Because the IMF or World Bank will always turn up at the wreckage, with a loan offer that nobody can refuse. Banksters is about right.

If you look at the strongest currencies, they're the one from the oil rich middle eastern countries:
http://www.foxnews24x7.com/2013/04/10-most-expensive-currency-in-world.html

This is probably true but given the fact that technology is always improving soon gas powered cars will become a thing of the past and when that happens those oil rich countries are going to be poor as dirt with absolutely nothing of value to export.

Pretty much any way you slice it fiat paper money backed by nothing is not going to last forever.

Why would you just not buy gold (or something else precious) with it? If you exchange it for a currency you would get a taxable cap gain. Purchasing gold would not trigger a cap gain -- at least not a traceable one.

Purchasing power after inflation has been decreasing for quite some time
Federal Reserve and Fractional Reserves are not very helpful either
http://thumbnails.visually.netdna-cdn.com/purchasing-power-of-the-us-dollar-1913-to-2013_517962b78ea3c_w1500.jpg

EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.

USD as it is widely spread and I think there is no country that doesn't accept USD.
Also I think that UK pounds are less volatile so it's strong fiat currency

Hey,

This new book might be an interesting read: http://www.economist.com/news/finance-and-economics/21598651-new-book-examines-worlds-love-hate-relationship-dollar-once-and

Author makes the case that there is really no alternative to the US dollar just yet (of course he doesn't discuss virtual currencies  ;))

Yunus

Well, the Euro runs an actual inflation (not the fake government stats) anywhere between 3% and 5%, well beyond their 2% target, alongside a 0.25% central bank interest rate.
So in a sense, it shares exactly the same fate like the USD and similar currencies.

As the ECB usually goes into offensive mode near ~1.35$/Euro and into overdrive printing at about 1.37$/Euro, they just debase enough to keep pace with all the other main suicidal FIAT currencies.

All it takes for the Euro to nosedive would be some of the bigger PIIGS run into inabilities to pay their debt, which is as certain as the amen in a church. So far, Super Mario's "extend & pretend" policy of empty words & promises worked more or less. Still, nothing but kicking the can down the road. And we're not even talking all the Euro-denominated unfunded liabilities...
As soon as some real stress hits the Euro, one nation will leave it, many will soon follow.

Seeing Germany at the "core of stability" in the Euro area (collateral lender and backstop of last resort), note that Deutsche Bank is levered like 1:65 already and is one of the most dangerous (failprone) banks on the planet. Our german insurers already ran into serious trouble due to ZIRP and are (as we speak) cutting back on their customer payouts for the very first time in many decades. Similar financial institutions are likely to follow, including pension funds.

Nothing is fixed in Europe, we're just a few years further back on the timeline as more troubled nations. But we're on exactly the same track. Most older Germans view the Euro as the political Monopoly paper it really is, plus they remember the Deutsche Mark (and miss it) too well. Most people of Europe never wanted the Euro, it was put in place by the bankers using their unelected talking heads in Brussels.

In short : it cannot survive.

PS.
The way I see it, most of the FIAT planet had its first encounter with the debt-black-hole in 2008. The only reason TPTB still exist and operate were their central banks going into overdrive on all engines to avoid crossing the event horizon.
However, this merely brought us into an elliptic orbit around that black hole and it won't let go. Right now (as we speak), after a period of seemingly calm flight, we're already headed right back into it, possibly making the next pass already this year. And with every iteration, the stress on the whole corrupt, debt-overloaded system will increase, until it simply breaks apart in a great, colorful show of cascading structural failures.
It's mathematically unavoidable if all the nations stay their course - being owned by their central banks, that's what they're programmed to do, keeping the sheeple calm right until impact.

Since years, those who were able to count 1+1 and had enough braincells and ability to prepare, were and are actively doing so.

Of all the FX majors, I think NOK is strongest.  Short EUR against NOK.

Neither was I, delightful info there.

Thinking about it I will say the Chinese
They have a nice stockpile of gold missing gold and a lot of resource inputs that back up the currency
The Chinese are also in a position to tentatively bring a gold standard and become the worlds reserve currency of the US and has accumulated a few bitcoins  so they have a lot of potential.

Definitely the Euro

Except for the fact that the Eur/Nok has risen from 7.40 to 8.40 over the last year. That tells me the Euro is much stronger:

http://finance.yahoo.com/echarts?s=EURNOK%3DX+Interactive#symbol=;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;

Very good post!

Yes, everybody who is in Europe and has their eyes open can see that we are on exactly the same part. But I'm happy we are not printing full-speed at the moment, one becomes modest over time...

How long do you think it will take to fall apart?

If the US or Chinese economy tanks, it will take the world economy with it, so we probably won't have to wait that long... it's all linked...

Can you tell me if Europe is even printing anything at the moment and if yes, how they do it? I'm not clear about that.

Even with it's immense problems, the euro has outperformed the dollar dramatically.

Europe still has real industry and is the leading producer of high value goods. As an example Emilia Romagna in Italy out produces NYC by multiples despite having 1/2 the population.

It is impossible for the ECB to fight against a strengthening euro against USD, they would have to close down half of German industry. The eurozone as a whole has generally balanced trade. Imports ~ Exports

American dollar has caught a bid namely from the shale oil and gas.

There is no strong fiat currency, they generally fluctuate amongst themselves in a given range.

Paper fiat will gain value over the next few years, as bad debts continuing wrecking bank balance sheets. Hyperinflation as most on here are convinced of, is next to impossible in a credit driven monetary system.

Strong is too much of a vague word to describe currency.  The Swiss Franc if it wasn't peg would be one of the strongest in the world but far that is somewhat easily trades.  Norway and Kuwait also have very strong currencies but are thinly traded (relatively).  Yuan is pegged and manipulated too much.  Euro will fail at some point, too much difference in economies between southern and northern Europe.  The USD is the most widely used and is backed by the highest GDP that isn't pegged to anything.  So which is strongest?! :)

That tells you it WAS stronger, not that it IS stronger.

Hahaha the Euro?  You have got to be kidding me.  Europe isn't a ponzi scheme?  That's why they let in serial defaulters like Greece, Italy, etc.?  They're called PIIGS for a reason and countries like Germany have to constantly bail them out in order to keep the Euro from collapsing.  What is it 17+ sovereign nations with totally different laws under one currency?  Yeah there's some real strength there  ::)

The Kuwaiti Dinar (not Riyal) is the worlds highest valued fiat currency unit. However, it is pegged to the US dollar.

In fact, a large mcdonalds fish fillet meal is 1.45 KWD, (Kuwaiti Dinar)

Source: I live in Kuwait above a McDonalds

The Euro

there is no obvious answer to this question because there is no one strongest fiat currency in the world

Why do you think that?

I totally agree with you, and I want to thank you for explaining my point clearer. Maybe I should have said that in my opinion the EUR is the strongest of the WEAK currencies.
at the end it's all about who wins the current currency war, or who may the first to grow a brain.

Like the USA has the same laws in al states and China isn't devided with seperate rulings in different regions :(.

USD might still be the most overvalued currency there is so you could say it's the "strongest" even though it lost a lot over the recent years.

The fact that all big fiats are being mishandled hides the relative fall of them all. Say the EUR wouldn't have been mishandled to such an extreme, it would have been worth at least a couple of dollars now.

Would have to say the Swiss Franc

Since it is pegged to the Euro, how can it be stronger than the Euro?

What is meant by strongest?

If you could hold only one fiat currency, which one would it be? To me that'd be USD, cause it is the most widely used and accepted.

Almost all portfolios are over-exposed to USD, in the MPT sense.

Uh yeah Federal laws apply to all states, stupid.

yuan

its been suppressed by china to own the export market

once they lift the suppression, yuan will increase in value

If they ever make a gold standard which they may be able to build the financial system to do so then we will have an interesting time seeing if it becomes the next reserve currency post US dollar
Or one of a basket depending on what countries the others trade with

CHF and HKD of course

yuan could be if china wanted to

I think Kuwaiti dinar is the most valuable currency when we are talking about purchasing power and its stability. Moreover its stronger than USD and Euro which are most often considered as strongest currencies on global level.1 Kuwaiti dinar is equal to almost $3.5 so you can think its power.

The US Dollars is still number one fiat in the world and EUR/USD is still the most tradable forex we have today,
Hopefully Bitcoin will grow more and we can achieve it if we fix some of the major hindrance we all experiencing up to this day
But nonetheless BTC/USD is the most tradable instrument we have today

Having the highest value doesn’t make it the strongest currency in the world. I believe the strongest currency in the world is the US dollar, followed Pounds Sterling and Euro. And for those commenting that the Chinese Yuan can become the strongest if it wants to, you will all have to think twice.

I would not necessarily say that the USD is the strongest currency, it frequently gets printed in excess for political reasons. I would say that the Euro is a more seriously managed fiat at this point.

As far as i know the strongest and highest value of fiat currency in the world today is the pound money,because when we convert it to my own phil currency  its mostly cost 1pound to 68php.but the most popular currency that we mostly used is the us dollar,especially in cryptocurrency world.USD  is the famous fiat currency that we always used and found  in trading platform site when we doing a trading investment and not other currencies name we found especially in transacting bitcoin or altcoins only the USD name we always seen.

Although people thought that USD and Euro are highest and strongest currencies but if we talk about purchasing power then kuwaiti dinar of kuwait is the strongest currency which is almost equal to $3.5 so you can imagine it's strength. But most used currency still is USD which makes it more popular and ahead of other currencies.

Yes its the kuwaiti dinar of kuwait that first comes in my mind only by then followed by euro and usd.But most people talk often about usd and its more importance compared to all fiat currencies.Maybe usd is the most popular fiat currency and that kuwaiti dinar is not so familiar with the mass even if he top the most purchasing power from all of the fiat currencies from different countries.

By my research, it seems to me that Kuwaiti dinar is the highest valued currency in the world today. Why? First of all, it is a fixed rate currency, so it maintains its high value without being directly affected by market supply/demand. It is the central bank which has decided to peg the Dinar to the US dollar. Kuwait has nearly 10% of the world's oil reserves. Petroleum accounts for nearly half of GDP and it also accounts for 95% of export revenues and government income. Kuwait has a well-developed banking system (that can actually maintain this fixed rate).

The strength of the FIAT currency all depends on the Capital assets which the particular government is holding against their having Liabilities. USD is having the almost 13 billion of DEBTS and still, you can say that USD is the strongest FIAT currency because of HIGH PERCENTAGE OF FOREIGN TRADE.

Yes you have heard it right it is the FOREIGN TRADE percentage which will tell the truth behind the countries Economy and the currency market whether who is ruling the market and who is having the high strength. USD is having almost 90% of foreign trade and the next comes EUR and the third spot goes to GBP, and then japanese YEN, swiss franc CHF, CAD(canadian dollar), AUD(Australian dollar) respectively. Hope it helps you.

US dollar will always be the most strongest fiar currency only because the US and the federal reserve have an incontrollable power at the moment, that is the reason of why almost all the governments and reserves are based on US dollar + their own gold.

The current highest currency is the Kuwaiti currency, which is DINAR
which is short with the name KWD
1KWD equivalent to 3.31 USD

The strongest fiat currency in the world today will be Kuwaiti Dinar if  we will base it in foreign exchange,  since  1 KWD = $3.33 as of  now
But, if we base it in acceptance, the strongest and popular is the USD, since it is accepted for most international transactions throughout the world.

I would say that the United States Dollar is the strongest fiat currency, without any doubt. It is considered as the world reserve currency, and most of the international trade is conducted using this particular currency.

Dude you'rr talking about the value, the strongest still is the dollar and would probably remain so for a long time. Currencies base their in usd and a usd crash would most likely cause pandemonium on not only the us but the global market. And i think the dinar that has the higest value is the bahrain dinar not the kuwaiti