"The US dollar may be the most traded currency on the planet, underpinning global markets and international trade, but that dominance does not necessarily make it the leading currency in circulation. When measured against the British pound, some of the world's most valuable currencies come from relatively small nations, while others have been weakened to the point where £1 can buy tens of thousands, or even more than a million units."
"Kuwaiti dinar (KWD) - the world's top-performing currency, with one dinar worth around £2.42, while £1 buys just 0.41 KWD. Bahraini dinar (BHD) - valued at approximately £1.98 per dinar, with £1 buying 0.50 BHD. Omani rial (OMR) - one rial is worth about £1.93, while £1 buys 0.52 OMR. Jordanian dinar (JOD) - trading at roughly £1.05 per dinar, meaning £1 buys 0.95 JOD."
Measured against the British pound, certain small-nation currencies hold the highest nominal values, led by the Kuwaiti dinar, Bahraini dinar, Omani rial and Jordanian dinar. The Kuwaiti dinar trades near £2.42, with £1 buying 0.41 KWD. Several other strong currencies include the Swiss franc, Cayman Islands dollar, euro and US dollar at lower nominal values versus sterling. At the trailing end, heavily devalued currencies like the Iranian rial and Lebanese pound require tens of thousands to over a million units per £1. The ranking highlights contrasts between safe-haven, pegged and severely weakened fiat currencies worldwide.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]