10 highest valued currencies in the world

[Dunamisx]

So how do you think the strength of a country's currency help to boost economy of that country?

In my idea, I believe that if a country has a currency that is of high value, it will increase her value also in global exchange making it to have more excess in exchange compared to the country with less value rate. That is, if you want to have the high currency, you have to exchange more of your local currency for the higher currency and that strengthens  higher currency more while the lower or cheaper currency keep depreciating. Also it will help foster more international benefit and advantage in trade.  It will be cheaper for investors from strong currency to import goods and they have more products than what investors from lower rate currency would get when they are importing or exporting from higher currency country.

So I have brought list of 10 highest valued currencies in the world for now



So those their strength also reflect on their country's economy?

The strength of a country's economy will increase the strength it currency has, am surprised that despite the fact USD is the mainstream currency everyone of us uses, yet its ranked lowest from the table while other currency are getting more stronger than the united state Dollar, all these are centralized fiat, i wish there is a slot for where we can have to compare their values to that of bitcoin which is the head of them all.

[Sticky Bomb]

I can't really start pointing out lots of things but higher currency has its own disadvantage to an economy

Let me help you

• It lowers their chances to dominate exports since other countries would have to spend more of their own currency in order to buy their goods and this can lead to low demand of their products
• The high cost of goods in the country can make consumers to depend more on cheaper imported goods and this can weaken domestic producers
• Interest rates can be on the high side wiht respect to their currency and it would be a discouragement to startups seeking loans
• Tourism activities in such countries would be low since travelers would consider the country too expensive
• Investment possibilities may see a decline in the country since real estate investors would see that the properties are too expensive, reducing the possibility of Foreign Direct Investments

[Fortify]

So how do you think the strength of a country's currency help to boost economy of that country?

In my idea, I believe that if a country has a currency that is of high value, it will increase her value also in global exchange making it to have more excess in exchange compared to the country with less value rate. That is, if you want to have the high currency, you have to exchange more of your local currency for the higher currency and that strengthens  higher currency more while the lower or cheaper currency keep depreciating. Also it will help foster more international benefit and advantage in trade.  It will be cheaper for investors from strong currency to import goods and they have more products than what investors from lower rate currency would get when they are importing or exporting from higher currency country.

So I have brought list of 10 highest valued currencies in the world for now

So those their strength also reflect on their country's economy?

While it is interesting and curious to see, the strength of a currency doesn't mean an awful lot in the long run and this is specifically it's strength against the US dollar (the reserve currency of the world). You'll note that in the last 20 years the value of pound sterling has dropped from around 2 to 1, to 1.3 to 1 and while that has been a gradual decline there is room for much rapid declines too. There are advantages either way, again taking Pound Sterling as an example and what Trump has recently highlighted - the UK is one of the few countries that imports more from America than it exports, so it is actually at a bit of a trading disadvantage in one way. It is not producing enough of value in comparison and means that it has a weaker economy in general.

[STT]

It lowers their chances to dominate exports since other countries would have to spend more of their own currency in order to buy their goods and this can lead to low demand of their products

I've heard this discribed as the race to the bottom but its also the case that the population suffers from a constantly weak currency.  We have had successful economies with strong currencies before so why not now, why would trade be less for a quality operation highly valued it is a modern mystery for sure.

It does seem to be a gigantic irony true over decades that a stronger currency could ever be a curse but it appears true at first glance.   However the population themselves probably do benefit, discourages tourism is a listed reason there but not for the people with the strong currency and they can travel the world using less of their capital as all prices are cheaper so thats useful.  
  Its said that strong currency makes for harder exports from an economy and restricts its growth, due partly to the higher worth of those wages in that currency but also outside investment and other global flows of capital becoming lesser while being converted to a stronger currency.   I wonder if gold solves all that as it can be mined in most countries and with local costs to that mining so it might help equalize the opportunity to gain this purchasing power effect and puts countries on an even setting to better allow trade without misbalancing from this strong or weak effect.

[The Sceptical Chymist]

I've always known Kuwait to have the strongest current,y and I mean I've known this for over 10 years ago and it has always been so. What I do not understand is why. What exactly are they doing that has given their currency so much value and still maintains it?

Not sure if this is going to sounds silly, but perhaps it's the traders who engage in currency speculation who're responsible for that?  Kind of like asking the question "Why is gold over $3200/ounce?".  It isn't because there's suddenly enormous industrial demand or even increased demand by retail consumers; the paper gold traders are ultimately the ones who set the price.  

With currencies though, I assume there ought to be a logical reason why one is stronger vs. another, and by that I mean a real-life, economic reason--but markets sometimes don't operate in a rational manner (especially when there's money to be made, e.g., in times of high volatility and such).  And man, I'm surprised the USD isn't sinking to the bottom of a list like this at terminal velocity.  *Edit: I mean a list with more currencies than are shown here*

I imagine it'll get there eventually if all the money-printing doesn't stop, but I expected doomsday to have come by now.

[Alpha Marine]

I imagine it'll get there eventually if all the money-printing doesn't stop, but I expected doomsday to have come by now.

I doubt it'll come anytime soon. I understand the dollar might not be such an international currency forever, but for now and any time soon, it will continue to be one of the strongest currencies.
The US have successfully made the dollar always in demand. When they carry out international trade, it creates demand; when other countries carry out international trade, it creates demand for the dollar. So it's going to be difficult for a currency like that to just crash all of a sudden. Despite the "de-dollarisation" campaign, the dollar is still strong.

A lot of countries have dollar reserves. The dollar is the most reserve currency. It will be very difficult for a currency like that to have a doomsday. It may come, but it may be as a result of something else, like what happened in 2008. I don't see the dollar simply crashing on its own.

[Farhan99]

The exchange rate of a currency has nothing to do with its value. The euro and dollar are included at the bottom of the OP's list, which are the only ones of value on this list. In general, at the moment, only these two currencies and the yuan are really valuable. Value in this case means relevance, for example, for government reserves, for international trade, etc.

In addition to the exchange rate, there is also such a thing as purchasing power. For example, the dollar in the United States has much less purchasing power than the same dollar in some poorer country. This is due to the different standard of living in different countries.

Exchange rate of major currencies like Dollar or Euro play a significant role in determining their real world value expecially the poorer countries. The nominal exchange rate tells us how much we can get in exchange of he major currencies for example one USD is equal to 1.08 euro and it doesn't reflect that money can buy in different countries. In countries where cost of living is lower these strong currencies have purchasing power for example 10USD could might barely cover lunch but in countries like Bangladesh and Uganda it can provide several meals. This is called Purchasing Power Parity which adjust cost in different countries and gives a clear picture of global economic inequality.

[Lida93]

The Internet has deceived so many people today. Why will the lists of highest valued currency be like this? Who knows about Kuwaiti Dinar except it has the highest price. The strongest currency is obviously dollar and followed by Euro. I do not believe in all these internet but I believe in how people are using coins and also saving it. US dollar and Euro is far stronger than all these currencies.

You're wrong. Popular does not mean strongest. They have better economies than the likes of Kuwait, but that doesn't mean they have stronger currencies. There's no ned to even argue, you can try converting both currencies and see for yourself.
As of right now 10 South Korean won is equal to 1 Ghana Cedi. Even the Nigeria naira is stronger than the South Korea won but that South Korea still have better economies than both these countries.

I've always known Kuwait to have the strongest current,y and I mean I've known this for over 10 years ago and it has always been so. What I do not understand is why. What exactly are they doing that has given their currency so much value and still maintains it?

You people are wrong including the articles that I am seeing online. More people use United States dollars and Euro. More people are using the both to trade more. More countries are using are using both currencies as one of their reserves. People from some countries are using both currencies including Pounds Sterling as hedge against inflation. Which of these currencies above are used for that. You people have been deceived.

Why is Russia, China and Iran are looking for Dedollarization. Why not looking for the Kuwaitdinarizarion. Those people are using price to deceive you people. Price does not mean anything. So any currency that has price higher than dollar will be at the top of dollar. That is completely wrong.

Alpha Marine made some sense in his argument here which is what it is if we have to compare the value of USD to the Kuwait Dinar in the market. But unfortunately the Kuwait Dinar seems not to be popular and mostly used globally for some obvious reasons.

The US is a world power with great economical influence, they control the IMF, WTO, and by that, almost every country in the world do wants to have cordial political and economic relations with them, Kuwait lacks all of these compared. And this amongst other things drives almost every country to hold the USD as reserve, giving it the global recognition it enjoys more than the Kuwait Dinar which seems to be higher in value than it.

[hafiztalha]

Alpha Marine made some sense in his argument here which is what it is if we have to compare the value of USD to the Kuwait Dinar in the market. But unfortunately the Kuwait Dinar seems not to be popular and mostly used globally for some obvious reasons.

The US is a world power with great economical influence, they control the IMF, WTO, and by that, almost every country in the world do wants to have cordial political and economic relations with them, Kuwait lacks all of these compared. And this amongst other things drives almost every country to hold the USD as reserve, giving it the global recognition it enjoys more than the Kuwait Dinar which seems to be higher in value than it.

Value of currency matters because many currencies are beating with other currencies. Governments are doing struggle to make economy strong of country but USA is dictator because it want to destroy all other countries economically and they want USA at top because most of the countries need money to run .  There are people countries like china and Japan and these are economically good countries and these could make their currency as a International currency but USA destroyed the Japan but falling atomic bomb on the two cities of Japan .Many countries are facing problems to make their economy strong and Indian economy is also strong but they are not present in that list but that is progressive country.

[kotajikikox]

Alpha Marine made some sense in his argument here which is what it is if we have to compare the value of USD to the Kuwait Dinar in the market. But unfortunately the Kuwait Dinar seems not to be popular and mostly used globally for some obvious reasons.

The US is a world power with great economical influence, they control the IMF, WTO, and by that, almost every country in the world do wants to have cordial political and economic relations with them, Kuwait lacks all of these compared. And this amongst other things drives almost every country to hold the USD as reserve, giving it the global recognition it enjoys more than the Kuwait Dinar which seems to be higher in value than it.

Value of currency matters because many currencies are beating with other currencies. Governments are doing struggle to make economy strong of country but USA is dictator because it want to destroy all other countries economically and they want USA at top because most of the countries need money to run . 

To be fair, probably all countries would want to come out on top economically. They want to be the best in the world. They just don’t actually have the power to do it. USA may be a little more powerful but I don’t think they can overturn all countries. There are also other powerful countries out there that they can’t surpass.

[Lida93]

Alpha Marine made some sense in his argument here which is what it is if we have to compare the value of USD to the Kuwait Dinar in the market. But unfortunately the Kuwait Dinar seems not to be popular and mostly used globally for some obvious reasons.

The US is a world power with great economical influence, they control the IMF, WTO, and by that, almost every country in the world do wants to have cordial political and economic relations with them, Kuwait lacks all of these compared. And this amongst other things drives almost every country to hold the USD as reserve, giving it the global recognition it enjoys more than the Kuwait Dinar which seems to be higher in value than it.

Value of currency matters because many currencies are beating with other currencies. Governments are doing struggle to make economy strong of country but USA is dictator because it want to destroy all other countries economically and they want USA at top because most of the countries need money to run . 

To be fair, probably all countries would want to come out on top economically. They want to be the best in the world. They just don’t actually have the power to do it. USA may be a little more powerful but I don’t think they can overturn all countries. There are also other powerful countries out there that they can’t surpass.

Us still remains the number 1 superpower nation when listing powerful nations of the world. I think part of what earned them that position is as a result of the strength of their economy from hic does reflects in their currency value which many countries in the world continue to hold as reserve. Perhaps this is why we have a lot of geopolitical and economic conflicts going on between between US and those other nations like China in particular. Because they want to have a first hand place in the globe politically and economically .

[YOSHIE]

So how do you think the strength of a country's currency help to boost economy of that country?

As far as I know the strength of one currency lies and is very influential on the country's own economy, for example Dinar Kuwait (KWD) as you say, it is true but their currency is strong because it lies in their economic stability over The basis of oil exports, but if their oil reserves run out certainly dominating the Kuwait economy can collapse, it has happened to Venezuelan.

The situation can also occur in other currencies such as OMR, BHD, Jod and so on, in contrast to the dollar, for me in terms of the global economy the strongest currency today is the dollar, even though it is exchanged in a distance from the currency KWD and others, are not easy to shake, for example such as the formation of BRICS, but the strongest dollars are globally.

[SophiaJohn1]

From my experience observing global markets, I believe a strong currency reflects a country’s economic stability and builds confidence among investors. High-value currencies make trade and imports cheaper, attract more foreign investment, and give citizens greater purchasing power internationally. I’ve noticed that countries with stronger currencies tend to draw more business, while those with weaker currencies often face higher costs and inflation. I recently read an article https://valiantceo.com/5-most-common-mistakes-new-forex-traders-still-make/about the strongest currencies, and it gave me even more insight into the current global scenario.

[DiMarxist]

So how do you think the strength of a country's currency help to boost economy of that country?

As far as I know the strength of one currency lies and is very influential on the country's own economy, for example Dinar Kuwait (KWD) as you say, it is true but their currency is strong because it lies in their economic stability over The basis of oil exports, but if their oil reserves run out certainly dominating the Kuwait economy can collapse, it has happened to Venezuelan.

The situation can also occur in other currencies such as OMR, BHD, Jod and so on, in contrast to the dollar, for me in terms of the global economy the strongest currency today is the dollar, even though it is exchanged in a distance from the currency KWD and others, are not easy to shake, for example such as the formation of BRICS, but the strongest dollars are globally.

i agree with your comment, the strength of a country currency is actually relate to the economic fundamentals of its country, and while currencies like the Kuwaiti Dinar KDR are strong in value, due to oil backed economy, and they heavily rely or this source, once the pillar weakens, so does the currency. The US Dollar, on the other hand, remains stable and always in the top height currency not just because of its value, but because of its widespread use in international trade, and mostly for developing countries.
I would say it's not actually just about how  a currency is valued, but how it helps the economic system of it's country.

[Cheema02]

The Internet has deceived so many people today. Why will the lists of highest valued currency be like this? Who knows about Kuwaiti Dinar except it has the highest price. The strongest currency is obviously dollar and followed by Euro. I do not believe in all these internet but I believe in how people are using coins and also saving it. US dollar and Euro is far stronger than all these currencies.

I think Internet hasn't decieved anyone but their is a difference between both the strenght and currency value. No dough Kuwaiti dinar has more value than These Dollars and euros but if the discuss strength Dollar and euros dominate. One Dinar equals to around 2 or 3 dollars because of its currency value but dollars dominate the worldwide trade and business. Today's world is dealing in US dollars in any international market and trading. These currencies has more importance than Dinar in the financial system and people trade, invest and save all around the world. So kuwaiti dinar may be top listed in the values based on exchange rates but the strenght is in Dollars and euros.