Using our measurement, the Kuwaiti dinar (pictured above) is the strongest currency in the world, with 1 dinar buying US $3.25. It remains one of the strongest and widely used currencies in the world, and its exchange rate against the dollar is known as the cable. The Swiss Franc is the eighth-strongest currency in the world, as is also one of the most stable, with a historically low inflation rate. Switzerland’s inflation rate is currently 3.3%, which is close to the highest it has been for 30 years.
Euro (1 EUR = 1.09 USD)
The Bahraini dinar is the second-strongest currency in the world, with 1 dinar buying 2.65 dollars (or $1 equals 0.38 Bahraini dinar). The Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar). States generally have a monopoly on the issuing of currency, although some states share currencies with other states. For the purposes of this list, only currencies that are legal tender, including those used in actual commerce or issued for commemorative purposes, are considered “circulating currencies”. Our commitment to transparency means you’ll never be caught off-guard by hidden fees or poor airport exchange rates. Exchanging with us could give you roughly £37 extra for every £1000 exchanged compared to traditional banks, putting more money in your pocket.
The top 10 strongest currencies in the world (
Iconic cities like Dubai and Abu Dhabi attract millions of visitors and significant foreign investments, keeping the Dirham steady. The Bahamian Dollar (BSD) is the official currency of the Bahamas, a nation composed of more than 700 islands in the Caribbean. The Aruban Florin (AWG) is the official currency of Aruba, a small Caribbean island and constituent country of the Kingdom of the Netherlands. Bermuda’s economy is heavily reliant on international business, particularly in insurance and reinsurance, as well dowmarkets as tourism.
Singapore is a global financial hub known for its rich cultural diversity. Festivals like Chinese New Year and Deepavali are widely celebrated in this vibrant city-state. The Monetary Authority of Singapore (MAS) employs a unique approach to managing the currency, using a managed float system to ensure stability and avoid extreme fluctuations. This careful oversight, combined with Singapore’s strong fundamentals, keeps the Singapore Dollar consistently strong.
Its strength stems from the UK’s significant financial services sector, political stability, and robust economic policies. The U.S. dollar is also the largest reserve currency in the world (the currency most held by central banks) and is used to price many commodities, including oil, gold, and copper. Dukascopy’s platform gives you access to a wide range of currency pairs, including some of the strongest currencies we’ve discussed.
Top 10 Highest Currencies in the World in 2025
The economic activity in Jordan has been slowing however, and the currency may see a drop in a few years to come. Oil (the commodity responsible for the strength of the top four currencies) since the 1970s, has been bought and sold in dollars. Due to the USA’s economic (and military) dominance, and the wide availability of dollars, oil is bought and sold in dollars almost exclusively – a monopoly that has been maintained by the US.
- Currencies hold a central place in the global economy, representing the strength and stability of their respective countries.
- This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company.
- It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance.
- Remember, the value of a currency is not just in its exchange rate but in the doors it opens to new experiences, opportunities, and understandings.
- This includes implementing monetary policy, maintaining price stability and supervising banks and the financial sector in Switzerland.
Additionally, remittances from Jordanians working abroad and foreign investments are crucial in bolstering the Dinar. Last, we have the US dollar (USD) – the world’s 10th strongest currency. You might be surprised not to see the dollar higher up the list, as it is by far the most traded currency on the planet. The dollar is used to price commodities, and it’s also one of the world’s largest reserve currencies. The Omani rial (OMR) is another of the world’s strongest currencies, again thanks to exports of oil and gas. However, the government in Oman is working on lessening the country’s dependence on oil markets.
Top 5 OMR strength factors:
This site does not include all companies or products available within the market. Download the Xe app or visit Xe.com to start your first transfer today.Curious about the top 10 weakest currencies in the world? Dollar Index¹, which works to measure the dollar’s value against a selection of other currencies, reached an all-time high of 164.72². Insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX business. The Saudi Arabian currency Riyal can be used in Bahrain, but BHD is not legal tender in Saudi Arabia. The Jordanian Dinar has been the central currency of Jordan since 1950 when it replaced the Palestinian Pound, and to this day is still pegged to the US dollar.
Other types of currency, like the Kuwaiti Dinar (KWD), Bahraini Dinar (BHD), or Omani Rial (OMR), are considered strong due to their high exchange rates relative to the USD. The pound sterling (£) or GBP is theofficial currency of the United Kingdom. After the US dollar, the Euro, and the Japanese yen, sterling isthe fourth most traded currency in the foreign exchange markets. The poundsterling also holds the record for being the oldest currency still in use. Jordanian dinar (JOD), Jordan’s official currency, and the Israeli shekel were used by the West Bank. One of the primary reasons for the high value of this currency is its fixed exchange rates.
- A strong currency can make a country an expensive tourist destination, potentially reducing tourism revenue.
- Iran’s currency struggles are due to severe economic sanctions, high inflation, and political instability.
- Nathalie combines analytical thinking with a passion for writing to make complex financial topics accessible and engaging for readers.
- The Iranian rial is often considered the weakest or lowest currency in the world.
- Located in the western Caribbean, the Cayman Islands are a tourist destination.
- Oil is the main contributor to the value of the Jordanian Dinar, but it is also because of tight government policy that is strict on exchange rates.
- While the pound may have experienced volatility over the last few years, it remains one of the most popularly traded currencies.
Honourable mentions: Strongest currencies 11-25
The Euro ranks seventh in our list of the strongest currencies with a conversion rate https://www.forex-reviews.org/ of 1.042 against one dollar. Saudi Arabia’s economic strength is built on its oil reserves, as it is the largest exporter of crude oil globally. The wealth generated by this industry has allowed the kingdom to maintain a robust currency. The strength of the US Dollar is supported by the US Federal Reserve’s monetary policy and the country’s vast, diverse economy. The US Dollar dominates global trade and finance, with over 60% of foreign reserves held in USD by central banks. It is supported by thepower of the United States in the international political landscape.
This legacy of stability and global trust ensures that the British Pound remains one of the strongest currencies despite economic pressures in 2025. With low inflation and solid foreign reserves, they’ve created a strong foundation that keeps the Kuwaiti Dinar firmly at the top of the global currency rankings. The strongest currency in the world means that it has Best semiconductor stock the highest buying power among all other currencies. The country’s economy primarily relies on oil exports because it has one of the world’s largest reserves.
