Currency around the world is fascinating, but that’s not all it is. It can make you rich in more ways than one. Using the Foreign Exchange Market, or forex, you can trade currencies for profit. However, it would be unwise to begin without first knowing the current most valuable currencies in the world today.
1. Kuwaiti Dinar
The official currency of Kuwait, the Kuwaiti dinar is valued at I KWD for every $3.43, making it the most valuable currency on the market. Who knew something so valuable could come out of a country so small?
2. Bahraini Dinar
This version of the popular dinar is valued at 1 BHD to every 2.65 USD. This tiny island country is found just off the western shore of the Persian Gulf. Their economy relies mostly on petroleum production.
3. Omani Rial
This country located at the mouth of the persian gulf had a currency valued at 1 OMR to 2.60 USD. The exchange rate for this currency has stayed consistent since 1986, securely tying this currency to the U.S. dollar.
4. British Pound
Also known as the pound sterling, one unit of this United Kingdom currency is valued at $1.57. Thought it customarily goes by the name pound, pound sterling is the official name of this currency so that you can distinguish it from other pound currencies.
5. Jordanian Dinar
Jordan fought hard to gain both its independence and its own currency in 1946, which brought about the dinar, valued at 1 JOD to 1.41 USD. The highest banknote of this well-earned currency is 50.
6. Azerbaijan Manat
This unique currency’s value often vies for a higher spot on the chart against the European Euro, and is currently .03 cents higher on the dollar than the Euro with a value of 1 AZN to 1.28 USD. This country has only been independent for 15 years, but has made some real progress with its monetary system.
7. European Euro
This extremely common currency is used in 17 different countries, including, Belgium, Greece, Portugal, Spain, Finland, Italy, France, Germany, and the Netherlands. It is the second most traded currency in the world after the dollar. One euro is equal to $1.25.
8. Cayman Islands Dollar
This region may use a currency similar to our own, but it’s certainly valued a lot higher. 1 KYD is equal to 1.22 USD. Perhaps this difference is associated with the fact that there is no direct taxation on these islands.
9. Swiss Franc
With a value of 1 CHF to 1.04 USD, this currency barely makes the list. Long known for its neutrality in foreign affairs, this country has been ranked as one of the wealthiest countries in the world.
Now that you have the list, look into obtaining some of this currency so that you can begin your trade.