Top 10 Highest Currencies In the World 2020

Swiss bank notes

Top 10 Highest Currencies In the World 2020

Most people like us believe that the US dollar would be the highest currency in the World, but it’s not right, the highest currency value in the world is Kuwaiti Dinar which has a conversion rate of 1 KWD: 3.27 United States Dollar (USD). But In terms of Foreign Exchange Rate, the US dollar tops the position being the strongest currency in the World. According to our research, Kuwaiti Dinar is at the top position in our list of Top 10 Highest Currencies In the World 2020.

The “Highest Currency” is based on the high value of that currency and the high conversion rate of that currency and the “Strongest Currency” is based on a high exchange rate of that currency like USD has the highest exchange rate in the World.

We have researched and compiled a list based on “Highest Currency”.

 Let’s take a look at the Top 10 Highest Currencies In The World 2020.

10. Canadian Dollar ($0.75) Currency rate of August 2020

Canadian dollar Top 10 Highest Currencies In the World

Country: Canada

Currency Code: CAD

1 CAD: 0.75 United States Dollar (USD)

1 CAD: 56.01 Indian Rupees (INR)

The Canadian dollar (CAD) is the currency of Canada. The Canadian dollar is denoted with the dollar sign. It is sometimes denoted as CA$ or Can$ to distinguish it from dollar-denominated currencies. This currency is divided into 100 cents. According to our research, Canadian Dollar (CAD) is at the 10th position in the list of Top 10 Highest Currencies In The World 2020.

Why Canada has the highest currency value?

Canadian Dollar (CAD) has a high value because of many reasons like when the value of oil rises. The value of US dollars which Canada receives on each barrel of oil also gets high, contributing more to its revenue. When US dollars flow at a high rate into Canada relative to the supply of Canadian dollars, it results in an increase in the value of the Canadian dollar.


9. US Dollar Currency rate of August 2020

United States Dollar

Country: United States of America (USA)

Currency Code: USD

1 USD: 74.97 Indian Rupees (INR)

United States Dollar (USD) is the official currency of (USA) the United States of America. This Currency is divided into 100 cents or 1000 mills. The Act of Coinage created some decimal currencies like a dime, nickel, and penny coins. Also, the dollar, half a dollar, and quarter-dollar coins, all of which are still used in 2020. US Dollar to euros makes 1USD = 0.85 Euro.

Why the USA (United States of America) have the highest currency value?

United States Dollar (USD) has a high value because of its fundamental and technical factors, geopolitical risks, and market psychology. These all factors influence the value of USD currency in the World Market. According to our research, the USA holds a 9th position in the highest currency in the World. According to Foreign Exchange USD is at the top position in the World, which is the Strongest currency right now.


8. Swiss Franc ($1.10) Currency rate of August 2020

Swiss Franc Top 10 Highest Currencies In the World

Country: Switzerland

Currency Code: CHF

1 CHF: 1.10 United States Dollar (USD)

1 CHF: 82.16 Indian Rupees (INR)

The Swiss Franc is the legal tender and official Currency of Switzerland. Swiss Franc is also legal tender of in the Italian exclave of Campioned’Italia. Swiss Franc is one of the most stable currency according to some other countries. According to our research, Swiss Franc Currency holds 8th position in our list of Top 10 Highest Currencies In The World 2020.

Why Switzerland has the highest currency value?

Swiss Franc has a specialty that it is safest due to Switzerland’s renowned political stability and neutrality, as well as the robustness of its financial system and the banking system always remains very confidential. Most of the revenue of Switzerland’s currency is from the contribution of the highest export and the highest percentage of gross domestic product.


7. European Euro ($1.18) Currency rate of August 2020

Euro Top 10 Highest Currencies In the World

Country: 19 countries of Europe Union

Currency Code: EUR

1 EUR: 1.18 United States Dollar (USD)

1 EUR: 88.38 Indian Rupees (INR)

Euro is the official currency of 19 of 27 member countries of the European Union. This Currency is divided into 100 cents. Euro is the second-most and largest traded currency in the Foreign Exchange Market in the World after USD (United States Dollar). According to our research, the European Euro holds 7th position in our list of Top 10 Highest Currencies In The World 2020. Conversion rate euro to dollar makes 1EUR = 1.18 USD.

Why Europe have the highest currency value?

Euro Currency is the currency of 19 countries in total. Most revenue to the Euro is contributed by Germany i.e. 20.78% of revenue, France contributes 15.58% of revenue, the UK contributes 11.88% of revenue, Italy contributes 11.74% of revenue, Spain contributes 8.31 % of revenue, and so on.


6. Cayman Islands dollar ($1.20) Currency rate of August 2020

Cayman Islands Dollar

Country: Cayman Island

Currency Code: KYD

1 KYD: 1.30 United States Dollar (USD)

1 KYD: 89.74 Indian Rupees (INR)

The Cayman Islands Dollar is the currency of the British Overseas Territory Cayman Islands. It is denoted from $sign but to distinguish it from $-denominated currencies it is alternatively denoted as CI$. This Currency is sub-divided into 100 cents. According to our research, the Cayman Islands dollar holds 6th position in our list of Top 10 Highest Currency In The World 2020.

Why the Cayman Islands have the Highest Currency value?

The Cayman Islands have the strongest Currency because of significant oil exports into the global market. Somewhat, 80-85% of the revenue of the Cayman Islands is generated from the Oil industry. One more reason for having a high currency rate is because of the low unemployment rate.


5. Pound Sterling ($1.30) Currency rate of August 2020

Pound Sterling Top 10 Highest Currencies In the World

Country: United Kingdom (UK)

Currency Code: GBP

1 GBP: 1.30 United States Dollar (USD)

1 GBP: 97.79 Indian Rupees (INR)

Pound Sterling is the official currency of the UK (United Kingdom), British Crown dependency Jersey, Guernsey, and the Isle of Man. Also, the Gibraltar, South Georgia, and the South Sandwich Islands, the British Antarctic Territory. The Pound Currency is sub-divided into 100 pence.

Why the UK have the Highest Currency value?

Pound Sterling holds 4th position in the most traded currency in the Foreign Exchange Market, after the United States Dollar (USD), the Euro, and the Japanese Yen. The main reasons for Pound Sterling Currency getting stronger than other countries is due to a combination of high-interest rates, tighter fiscal policy, and a safer perception of a country’s economic stability.


4. Jordanian Dinar ($1.41) Currency rate of August 2020

Jordanian Dinar

Country: Jordan

Currency Code: JOD

1 JOD: 1.41 United States Dollar (USD)

1 JOD: 105.74 Indian Rupees (INR)

The Jordanian Dinar is the currency of Jordan. The Dinar Currency is divided into 10 dirhams, 100 qirshes (also called piastres), or 1000 fils. The JOD currency is pegged into US dollars. Jordan is an Arab Nation. Jordanian Dinar is used widely along with Israeli Shekel (the currency of Israel) in the West Bank. According to our research, Jordanian Dinar holds 4th position in our list of Top 10 Highest Currency In The World.

Why Jordan has the Highest Currency value?

The Exchange Rate of Jordanian Dinar rose in 1 year by 23 percent (%) against Euro (EUR), and 13 percent (%) against Pound Sterling (GBP). The Jordanian Dinar is very strong, not only because of the large scale of exports and strong national economy but also because it has been pegged to the United States Dollar for the last 20 years.


3. Oman Rial ($2.60) Currency rate of August 2020

Omani Rial Top 10 Highest Currencies In the World

Country: Oman

Currency Code: OMR

1 OMR: 2.60 United States Dollar (USD)

1 OMR: 194.76 Indian Rupees (INR)

The Omani Rial is the currency of Oman. This Currency is divided into 1000 baisa (200 Baisa = 1 Rial). Oman is situated on the southeastern coast of the Arab Peninsula in Western Asia. According to our research, Omani Rial holds 2nd position in our list of Top 10 Highest Currency In The World 2020.

Why Oman has the Highest Currency value?

Omani Currency is high because it is divided into 1000 baisa, as most countries usually divide their currencies into 100 units. As we all know, Oil is valued in USD, so Oman receives a lot of revenue in the form of USD and Oman holds money for maintaining its highest Currency value.


2. Bahrain Dinar ($2.65) Currency rate of August 2020

Bahraini Dinar

Country: Bahrain

Currency Code: BHD

1BHD: 2.65 United States Dollar (USD)

1BHD:  198.47 Indian Rupees (INR)

The Bahraini Dinar is the Currency of Arab Country Bahrain. This Currency is sub-divided into 1000 fils(It is sub-division of currency used in many Arab Countries). The Currency of Bahrain is usually represented with three decimal places denoting the fils. The dinar name is derived from the Roman denarius. According to our research, Bahrain Dinar is one of the Most Expensive currencies in the World.

Why Bahrain have the Highest Currency value?

Bahrain Country has a low population of over 1 million only, so high income from Oil, and less cost is needed to maintain the country. Also, Bahrain generates the largest source of income from the exports of “Black Gold”.


1. Kuwaiti Dinar ($3.27) Currency rate of August 2020

Kuwaiti Dinar
عشر دينار كويتي

Country: Kuwait

Currency Code: KWD

1KWD: 3.27 United States Dollar (USD)

1KWD:  245.26 Indian Rupees (INR)

The Kuwaiti Dinar is the Currency of Western Asian Country Kuwait. The Currency is sub-divided into 1000 fils (It is sub-division of currency used in many Arab Countries like Kuwait, Bahrain, and Iraq). The dinar name is derived from the Roman denarius. Kuwait is a country full of millionaires and the wealth which is created from petroleum-based Economy as well as it is at the top position in financial service for GCC countries. These industries combine and make the highest value of KWD (Kuwaiti Dinar). According to our research, Kuwaiti Dinar is the Strongest currency and Highest valued currency in the World.

Why Kuwait have the Highest Currency value?

Kuwait has the highest Currency Value because this country has oil-rich Economy stability. The most popular Exchange Rate of Kuwait is INR (Indian Rupees) to KWD (Kuwait Dinar) rate. The reason for being the popular currency pair is that the Indian community of ex-pat is very strong in Kuwait. Also, while the currency value of many other countries keeps falling sometimes, but Kuwait Dinar keeps growing adding value to the currency.

These are the Top 10 Highest Currencies In the World in August 2020

READ : Top 10 GDP Ranking Countries In The World 2020 

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