As the two most-traded currencies on the planet, the U.S. Dollar and Euro always rank highly. But they’re far from the most valuable out there right now. Hint: It usually helps if a country’s currency is backed by valuable oil reserves and a strict monetary policy.
Here’s a look at the most valuable currencies in the world:
Conversion rate: 0.79 USD – 0.67 EUR.
The value of the “loonie” is highly dependent on the price of global oil, thanks to Canada’s large reserves of crude oil and uranium supply.
Conversion rate: 0.87 EUR.
The U.S. Dollar is the most traded currency in the world. Almost 70 percent of banknotes are circulating outside the United States.
Conversion rate: 1.08 USD – 0.94 EUR.
The Swiss Franc is the national currency of both Switzerland and Lichtenstein. Switzerland’s strict monetary policy has helped increase the currency’s value throughout the European debt crisis and the US Dollar’s more liberal policies.
Conversion rate: 1.14 USD.
The Euro is the second-most traded currency in the world and the official currency for 19 European countries. While it was worth less than the US Dollar upon its introduction in 2000, it soon became more valuable and reached as high as $1.60 during the United States’ economic crisis in 2008.
Conversion rate: 1.22 USD – 1.07 EUR.
The Caribbean island’s status as a premier tax haven makes its dollar one of the strongest in the world.
Conversion rate: 1.35 USD – 1.18 EUR.
The British Pound Sterling is the highest-valued currency not based in the Middle East. It’s the national currency of England, Scotland, Wales and Northern Island.
Conversion rate: 1.41 USD – 1.23 EUR.
Jordan doesn’t have the oil resources of its well-heeled neighbors, but its government runs a tight ship on exchange rates, which keeps the value of its dinar high.
Conversion rate: 2.60 USD – 2.27 EUR.
The Omani Rial’s value is tied to oil production. The note has become so valuable that the government had to issue notes worth 1/4 and 1/2 a rial.
Conversion rate: 2.66 USD – 2.32 EUR.
As one of the world’s leading oil producers, Bahrain is also able to maintain one of the most valuable currencies. What’s a little strange is that Bahrain also accepts the Saudi riyal as legal tender. The current exchange rate between the two currencies is 9.95 riyal to one dinar.
Source : Ustoday