What is the strongest fiat currency in the world today?

[Predatorian]

Euro atm is very strong.

[btctrada]

$AUD!

[aminorex]

$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.

[aminorex]

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.

[FalconFly]

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).

[Sindelar1938]

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

[TonyT]

Yeah it's definitely not the USD

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

[GigaCoin]

$AUD!

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

[skilo]

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).

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.

[Dalmar]

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).

[madsquirrel]

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

[aminorex]

But if the USD goes away then what will the government replace it with?

You ask this on a Bitcoin forum?

Maybe another fiat currency backed by the gold reserves?

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. 

[skilo]

But if the USD goes away then what will the government replace it with?

You ask this on a Bitcoin forum?

I don't see the government replacing fiat with Bitcoin so whats with that smart ass remark? 

[FalconFly]

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.

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).

[aminorex]

But if the USD goes away then what will the government replace it with?

You ask this on a Bitcoin forum?

I don't see the government replacing fiat with Bitcoin so whats with that smart ass remark?  

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

[leopard2]

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

[Carlton Banks]

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.)

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.

[verdun2003]

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

[skilo]

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.

[cysive]

Yuan

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.

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.