Top10 high value currencies

Total 180 curencies are there in the world as legal tender. The most expensive currency of the world can be determined by taking into account demand and supply. In forex market, inflation, domestic economy, interest rate of relevant central bank and the country’s trade balance.

1]Kuwaiti D inar- It is the official currency of State of Kuwait and the currency code is KWD. It was first introduced in 1961. It is subdivided into 1000 fils. The denominations available are Quarter KD, half KD, 1 KD, 5 KD, 10 KD and 20 KD. The coins available are 1, 5, 10, 20, 50 and 100 fils.

1 KWD = 3.26 USD

2]Bahraini Dinar- It is the currency of Bahrain. Currency code is BHD. It was introduced in 1965. The Central bank of Bahrain is responsible for issuing and regulating the Bahraini Dinar. Bank notes have denominations 0.5, 1, 5,10 and 20 and coins valued at 1,5,10,25,50 and 100 fils.

1 BHD = 2.65 USD

3]Omani Rial- It is the currency of Sultanate of Oman. 1 Rial = 1000 Baisa. Bank notes denomination available are 100 Baisa, 200 Baisa, 1/2 rial, 1 rial, 5 rial, 10 rial, 20 rials and 50 rials. Coins available are of 5 baisa, 10 baisa, 25 baisa, 50 baisa, 100 baisa, 1/4 rial and 1/2 rial.

1 OMR = 2.60 USD

4]Jordanian Dinar- It is the official currency of Jordan. The central bank of Jordan is responsible for issuing and regulating Jordanian Dinar. It is subdivided into 1000 fils. Bank notes available 1, 5, 10, 20 and 50. Coins of 1,5,10, 1/4 and 1/2 dinar.

1 JOD = 1.41 USD

5]British Pound Sterling - It is the official currency of United kingdom which consists of England, Wales, Scotland and Northern Ireland. It was introduced in 1158 and is one of the oldest currencies still in use. It is divided into 100 pence. Bank notes available are 5,10, 20 and 50. Coins available are 1 pence, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound and 2 pounds.

1 GBP = 1.24 USD

6]Gibraltar Pound - It is the official currency of Gibraltar. It was introduced in 1927. Bank notes available are 5, 10,20,50 and 100 pounds. Coins are of 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound, 2 pounds and 5 pounds.

1 GIP = 1.24 USD

7]Cayman Island Dollar - It is the currency of Cayman Island. The currency code is KYD. It is subdivided into 100 cents. Bank notes available are of 1,5,10,25,50 and 100. Coins are of 1,5,10,25 cents.

1 KYD = 1.20 USD

8]Swiss Franc - It is the currency and legal tender of Switzerland and Liechtenstein. It is known for its stability and is considered as safe haven currency during times of global economic uncertainty. The Swiss Franc is divided into 100 cents. Notes available are of 10.20,50,100, 200 and 1000 francs. Coins are of 5, 10, 20 cents as well as 0.5, 1, 2 and 5 francs.

1 CHF = 1.10 USD The highest denomination available is 1000 Francs which is equivalent to 1104 USD.

9]Euro - It is the second largest reserve currency of the world after United States Dollar. It is used by more than 340 million people in 19 EU member states. It is widely used in international trad, finance and investment. One of the main benefits of the Euro is its convenience for businesses and travelers who operate across multiple European countries, as it eliminates the need for currency exchange fees and can simplify cross-border transactions. Bank notes are of 5,10, 20, 50, 100, 200 and 500. 1 Euro is divided into 100 cents. Coins available are of 1,2,5,10, 20, 50 cents, 1 euro and 2 euro coins.

1 EUR = 1.10 USD

10] United States Dollar - The official currency of the United States of America is the United States Dollar (USD), which is also widely utilised in worldwide trade and banking. It is the most extensively traded currency in the world, and it dominates the "petrodollar" system, which is the name given to the whole international financial system. The Federal Reserve System, the country's central banking system, is in charge of managing the US Dollar. The Federal Reserve is in charge of carrying out monetary policy to guarantee price stability and economic expansion. Bank notes available are of 1,5,10, 20, 50 and 100. 1 dollar is subdivided into 100 cents. Coins are of Penny(1), nickel (5), dime(10) and washington quarter(25).