Top 10 Highest-valued Currencies in the World, USD the Weakest on the List

TEMPO.CO, Jakarta - In the global economic stage, some currencies are higher-valued or stronger than others. Economic, political, and social factors are some of the contributing factors to the gap between currencies. Amid market fluctuations and global economic shifts, some currencies have managed to maintain or even increase their value significantly.

Currency exchange rates often reflect a country's economic strength, making them an essential tool in international trade and investment.

So, what is the highest currency in the world? Check out the explanation below, quoted from Bank Bazaar.

The List of Highest-valued Currencies in the World

1. Kuwaiti Dinar (KWD)

Kuwaiti Dinar is the highest-valued currency in the world with a current exchange rate of Rp53,231 per 1 KWD. The high value of KWD is attributed to Kuwait’s economic stability as it relies on oil exports. KWD is also not susceptible to fluctuations due to the country’s political stability. 

2. Bahrain Dinar (BHD)

The Bahrain Dinar also has a fairly high exchange rate with 1 BHD equal to Rp43,154. Bahrain also relies on oil and gas exporters. Bahrain has a low inflation rate, which keeps the BHD stable.

3. Omani Rial (OMR)

The exchange rate of 1 OMR is Rp42,306. Oman is a major exporter of oil and gas and is set to introduce tourism in the country. Oman's inflation rate is relatively low and keeps the OMR value stable.

4. Jordanian Dinar (JOD)

The exchange rate of 1 Jordanian Dinar in Rupiah is Rp22,980. Since 1950, the JOD has been used to replace the Palestinian Pound as Jordan's official currency. The JOD exchange rate tends to remain stable and Jordan has a diverse economy that does not depend on oil exports.

5. British Pound (GBP)

The official currency of the United Kingdom the pound sterling is worth Rp20,976. Pound Sterling is one of the most traded currencies after the US Dollar, Euro, and Japanese Yen. Some of the contributing factors to GBP's high value are the UK’s economic strength, political stability, and the independence of the Bank of England.

6. Gibraltar Pound (GIP)

Gibraltar is a country located at the southern tip of Spain and is still part of British territory. The exchange rate of 1 GIP is Rp20,912. Gibraltar's economy depends on the tourism, financial, and online gaming sectors. GIP is fixed to and exchangeable at par with the British pound sterling.

7. Caymanian Dollar (KYD)

The exchange rate of 1 Caymanian Dollar in Rupiah is Rp19,542. The Cayman Islands is a British territory in the Caribbean and an offshore financial center.

8. Swiss Franc (CHF)

Switzerland is one of the richest and most stable countries in the world. The exchange rate of 1 Swiss Franc in Rupiah is Rp18,490. CHF is one of the most widely traded currencies. The reason for the high value of the Swiss franc is the country's political and financial stability. 

9. Euro (EUR)

The Euro is the official currency of the eurozone, including 19 European Union’s 19 member states. The Euro is the second-largest reserve currency after the US Dollar. The exchange rate of 1 Euro in Rupiah is Rp17,664. The Euro is highly valued due to political stability in the region which attracts investors. 

10. US Dollar (USD)

The US dollar, or USD, is the most traded currency in the world. The value of 1 US Dollar in Rupiah is currently Rp16,298. The US Dollar is the world's strongest reserve currency as influenced by the global political landscape. However, it’s not as highly valued as the nine abovementioned currencies due to several contributing factors. These are the United States’ high inflation rate trade deficit, and lower interest rates. 

ANGGITA VIANDHINI NUGROHO PUTRI

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