Here we will talk about top 10 most expensive currencies in the world. We all know that every country has its currency. Every currency in this world has different rate and exchange rate as well. There are many currencies in this world in which some are more expensive, and some are cheap. Whenever someone talks about money, the only thing that came into the mind is dollar no other money. A currency is money nothing else which is used to do transactions with purchasing something. In past, when a money was not much common at that time barter system was used in which goods were given in return for goods. Everything is changed now, and no transaction is done without money. Some countries are very rich in the world because of their strong economy, and that is the reason their money is very expensive as well. These currencies are also very important in a trade as countries have to pay money to their countries for their goods. In this article, we will specifically talk about top 10 most expensive currencies in the world.
The following are top 10 most expensive currencies in the world:
10. Swiss Franc:
It is the official money of Switzerland. Switzerland is very famous place all over the globe especially in terms of tourists who also use their money when they visit this place. It is also used in places like Campione D’Italia but not officially used there. This money is revolving in the whole Europe. It was estimated that its value is more than US dollar. It has language is written on it which is used in Switzerland that is Latin.
9. Cayman Islands Dollar:
It is the official money of Cayman Islands, and its code is KYD. It is only used on this island nowhere else in the whole global market. The abbreviation used for this money is C/$ in order to make it different from all other dollar currencies. In this place, there is no proper taxation, and it also has its financial center as well. It is considered as one of the most valuable money in the whole globe. It is not much famous in the world as it is only used in this specific area not in any other place in the world.
8. Hong Kong Dollar:
It is the official money and the only used currency in Hong Kong. It is also considered as one of the graded currency in 2014. The dollar of Hong Kong is then divided into about 100 cents. It also has its specific character used on this dollar that makes it different from all other currencies and dollars as well. It is well known and famous all over the world only because it is used in Hong Kong.
7. Canadian Dollar:
Canada is very famous all over the globe. It is the official money of Canada which has almost 5.3% share in the daily transactions all over the world. In past, other different currencies were used in Canada but then they developed their money and is now used all over Canada. In some recent years, their currency is not getting stronger which raised it exchange rate and made economical conditions of their country more favorable and strong. The most important thing about Canada is that it has an 11th biggest economy in the whole globe.
6. The Japanese Yen:
Japan is very successful country and very strong as well. It has their money called Japanese Yen which is used in their country. It is estimated that almost 20% of monetary transactions in the Forex market are done by this currency. The word yen means that “Round Object” in Japanese language. But the pronunciation of this word is done according to English. It was done because English people were the most and frequent visitors to Japan so it will be easy for them. On their money, some words are also written in their language that is some historical words.
5. UK Pound Sterling:
Everyone knows about London and in this country there is the royal government. The pound sterling is commonly called the only pound. It is the official currency of UK. The one pound of this currency is divided into 100 pence. It is very expensive currency so people visiting this country must have the large amount with them to enjoy in this country. On their currency notes, it has the picture of their royal queen that is running from many years.
4. The Australian Dollar:
Australia is a very famous country in terms of beautiful views and also for a strong economy as well. It has the same $ sign used for it, but they also use A$ like this to make it more unique from all other dollar currencies in the world. According to 2011, it was considered as the 5th highly graded currency in the world as it has about 7.6% share in the daily transactions in the world. This currency is commonly called Aussie in the world.
3. The U.S Dollars:
USA is very famous all over the world. Almost 85% of the total transactions in the foreign exchange market are done in this currency. US Dollar is known as the currency of the world. USA has a very strong economy and can be called world strongest economy with the biggest bank in the world. Their dollar is used all over the world in different transactions. USA dollar is also the most used currency in the whole world and very popular as well.
2. Bahraini Dinar:
Bahrain is very famous and successful country in terms of employment opportunities. It is also very famous in the globe because of its high value of a currency. It is one of the most valuable currencies in the world. It is the main reason people from all over the globe go there for jobs. They know they will earn well for their hard work given to their work. It is also considered as a most liberal country in the globe. On their currency, they have the picture of their royal Arabs from many years.
1. Kuwaiti Dinar:
Kuwaiti Dinar is the official currency of Kuwait. It is considered as the highest value currency in the world. This country is very rich because of their oil reserves, and they are exporting them all over the world. As Kuwait has the most valuable currency in the world even then mostly people are still choosing USA as their destination and wanted to work there. Kuwaiti Dinar is become a number one most expensive currency in the world.
List of Most Expensive Currencies in the World:
| Sr.No. | Names |
|---|---|
| 1 | Kuwaiti Dinar |
| 2 | Bahraini Dinar |
| 3 | The U.S Dollar |
| 4 | The Australian Dollar |
| 5 | UK Pound Sterling |
| 6 | The Japanese Yen |
| 7 | Canadian Dollar |
| 8 | Hong Kong Dollar |
| 9 | Cayman Islands Dollar |
| 10 | Swiss Franc |
Conclusion:
We conclude that currencies are very important for every country, and every country has their currencies. All these currencies are the main component of the economy of the country, and strong currency make the country more strong. Some currencies are more valuable but are less famous in the whole world, but some are more expensive. We hope by reading this article you will be able to know about top 10 most expensive currencies in the world.