It is a common knowledge that value of currencies around the world change on a regular basis. Some currencies are considered stronger than many others. There are countries where the highest currency is not more than 20 while there are many others where the currency’s lowest value starts from 10000 and beyond.
One must know the values of the highest currencies in the world as this proves very helpful in multiple scenarios. When it comes to travel and tourism to any other country, it sounds simpler and easier to convert the local currency to the one that has the highest global value and then convert it to the local currency of the country where you are travelling. This assures profitable exchange rate compared to when you do so with your own country’s currency. Most of the travellers visiting Thailand, Singapore, Malaysia and similar countries from India follow this rule where they convert INR to Dollar and then get it exchanged with local currency of that particular country.
Many people believe that Dollar and Pound are the strongest currencies in the world and have great influence over the other currencies. This is not true though as there are several currencies whose conversion rates are way higher than Dollar and Pound.
List of Highest Currencies in the World
The below list will give you an idea about the top highest currency value in the world and which exchange rate will be the most profitable.
||Highest Currency in the World
||In INR (in Feb 2019)
||The United States Dollar
||Cayman Island Dollar
10. The United States Dollar
Despite being in high demand when it comes to conversion, US Dollar stands far behind in the list of strongest currencies in the world. Right now, value of 1 Dollar is equal to 71 INR and the rate keeps oscillating regularly. Dollar is a common standard currency among international businesses especially those who don’t belong to the gulf countries.
9. Swiss Franc
Swiss Franc or CHF is the national currency of Switzerland and Liechtenstein. Being one of the strongest currencies in the world, Swiss Franc is commonly used in the bank deposits where the money is transferred to offshore accounts. This is the only currency in the world that is unaffected by inflation.
8. Cayman Island Dollar
Cayman Island Dollar is indicated by KYD symbol and is included in the highest currency in the world list. The value of one KYD is equal to 85 INR. Cayman Island Dollar is also one of the newest currencies in the world and is in circulation from 1972.
Another new currency in the world, Euro is the primary currency of European Union. Since a number of countries are a part of this union, it works in a majority of countries of Europe. Also, it is counted in the list of the highest currency in the world in 2018 and 2019. The value of 1 Euro is equal to 80.16 INR.
6. Gibraltar Pound
Gibraltar Pound is always mentioned on the same level with British pounds. Being in circulation since 1934, it is one of the strongest currencies in the world with trade value similar to USD. The value of 1 GIP is equal to 91.21 INR.
5. British Pound
Just like Gibraltar Pound, The British Pound holds a strong value among most of the currencies in the world. Pound is regularly used in International trade operations. Apart from United Kingdom, British Pound is also the local currency of Ireland. Its value is equal to Gibraltar Pound but is more commonly used in trade and international business.
4. Jordanian Dinar
Commonly mentioned as JOD, Jordanian Dinar is one of the strongest currencies in the world. 1 JOD is equal to 100 INR and very common among the traders who are working in the oil industry. Compared to many other currencies, JOD came in circulation in 1949 and soon outperformed many other strong currencies.
3. Omani Rial
Another strong currency from the Middle East, the Omani Rial is the third. 1 OMR value is equal to 184 INR which makes the exchange rate very profitable among the expats living and working there. Before 1940, Oman used to have INR as its local currency which was soon replaced by a better stronger currency.
2. Bahraini Dinar
Bahraini Dinar or BHD is the local currency of Bahrain. Being the second strongest currency in the world, it offers a lot of advantages to the Indians living here as expats. The value of 1 BHD is equal to 193.60 INR. Just like Oman, INR used to be the official currency of this country which was replaced with local banknote in 1959.
1. Kuwaiti Dinar, Highest Currency in the World
Kuwaiti Dinar holds the reputation of being the strongest currency in the world. Abbreviated to KWD, Kuwaiti Dinar is commonly used in oil based transactions in Middle East. KWD has the highest currency in the world against Indian rupee as 1 Kuwaiti Dinar is equal to 240 INR. It is also interesting to note that there is one 1 millionaire among 20 citizens of Kuwait. This is remarkable considering that Kuwait’s population is only 3.1 million. No wonder KWD has been so strong.