Top 20 Most Strongest Currencies-2021

Posted a month ago

by shakiez893

Having a good knowledge about the strongest currencies in the world will help you to strategize you market especially if you do foreign trades

Countries with strong currencies determine the economy of the entire world they take advantage of the less powerful and produce more to export to them and also lend them money 

How are Strong Currencies Determined 

Strong currencies are determined by supply, demand, inflation, utility and reserve, other factors that determine a strong currency is the rate of international and local trades on the currency 

Economic activities  like importation and exportation are great factors that also make a currency strong, on the other hand a country's currency value may deflate if it has low productivity and borrows from the top world economies

This list is based on equivalence of  US-Dollar ($) to the rate of exchange for each of the currencies 

List of the strongest currencies in the world  

  1. Kuwaiti Dinar – (1 KWD = $3.29 )
  2. Bahraini Dinar – (1 BHD = $2.65)
  3. Omani Rial – (1 OMR = $2.60)
  4. Jordanian Dinar – (1 JOD = $1.41)
  5. Pound Stirling – (1 GBP = $1.26)
  6. Gibraltar Pound – (1 GIP = $1.23)
  7. Cayman Islands Dollar – (1 KYD = $1.20)
  8. Euro – (1 EURO = $1.10 )
  9. Swiss Franc – (1 CHF = $1.01)
  10. US Dollar USD ($)
  11. Brunei Dollar – (1 BND = $0.96)
  12. Canadian Dollar – (1 CAD = $0.75)
  13. Australian Dollar – (1 AUD =$0.72)
  14. Libyan Dinar – ( 1 LYD = $0.72)
  15. Singapore Dollar – (1SGD= $0.74)
  16. New Zealand Dollar –(1NZD=$0.68)
  17. Fijian Dollar –(1FJD = $0.47)
  18. Brazillian Real Currency – (1BRL=$0.27 )
  19. Israel New Shekel – (1ILS=$0.27)
  20. Turkish Lira – (1TRY= $0.18)

As an investor, i always encourage that you should explore your investment opportunities in countries with strong currencies

Comments ( 0 )

No comments yet