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The highest-valued currency unit is the currency in
which a single unit buys the highest number of any given other currency
or the largest amount of a given good. Most commonly the calculation is
made against a major reserve currency such as the euro (EUR), the pound
sterling (GBP) or the United States dollar (USD).
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Swiss Franc – 1 CHF = $1.10
The currency and legal tender of Switzerland and Liechtenstein. The
Swiss franc is the only version of the franc still issued in Europe. The
Swiss National Bank issues banknotes and the federal mint Swissmint
issues coins. |
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Cayman Islands Dollar – 1 KYD = $1.22
With no direct taxation, the islands thrive as an offshore financial
center, with hundreds of banks, insurers and mutual funds. |
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Azerbaijani Manat – 1 Manat = $1.27
A former Soviet state embroiled in internal conflict after its
independence from the Soviet Union, Azerbaijan’s future looks bright
because of its large oil reserves and growing interaction with Western
economies. |
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European Union Euro – 1 EUR = $1.35
The euro is the second largest reserve currency as well as the second
most traded currency in the world after the United States dollar. As of
February 2012, with more than €890 billion in circulation, the euro has
the highest combined value of banknotes and coins in circulation in the
world, having surpassed the US dollar. |
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Jordanian Dinar – 1 JOD = $1.41
Jordan may lack water and crude oil but the Mideast kingdom has one
thing going for it — a strong currency.
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UK Pound Sterling – 1 GBP = $1.60
Sterling is the fourth most traded currency in the foreign exchange
market, after the US dollar, the euro and the Japanese yen.
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Latvian Lats – 1 LVL = $1.92
Latvia has entered the process to phase out the Lat in favor of the
Euro, which is expected to be the official currency around 2012.
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Omani Rial – 1 OMR = $2.60
Oman, a country on the east coast of Africa, has the third
highest-valued currency units in the world.
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Bahraini Dinar – 1 BHD = $2.652
Bahrain industry relies on petroleum production and refining, as well as
financial services and construction. With an exchange rate to the US
dollar at around $2.66 for one Bahraini Dinar, it’s the second most
valuable currency in the world.
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Kuwaiti Dinar – 1 KWD = $3.54
Kuwaiti currency is the most valuable currencies in the Word. The Kuwait
currency is currently pegged to the dollar. 1 KWD = $3.512.
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