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The world's most valuable currencies: do you know what they are?
We all know the currencies of the world, these are the bills, coins and digital money that are used every day. If you were asked about the most expensive currencies in the world, your answer is likely to be the pound sterling and the euro.
And, in effect, these are the most expensive currencies in the world, but within the category of "most popular". Because there are really other currencies that can exceed them in price and by far.
Do all the currencies of the world have a similar value?
Currently, there are many types of currencies in the world, practically each country has its own currency. However, not all have the same value, since the price of one currency against another will depend on many factors.
For example, the economy, politics, international reserves and the confidence that the citizens of that country have for their currency establishes its value.
A currency can be devalued or revalued at any time, it is even possible that the government of a country can devalue a currency to carry out a strategy.
So, in short, the coins do not have the same value, there are coins that have a very high value, just as there are others that are worth more the paper on which they are printed than the denomination of the bill.
There are many places where you can trade with currencies, and you can take advantage of these differences in their prices to obtain benefits.
These are the world's most valuable currencies
Most people believe that the euro, the British pound or the US dollar are the most expensive currencies in the world. However, this is a total misconception, it is some Persian Gulf coins that are among the most expensive.
It is also true that there are many people who do not even know what the currency of Japan (Japanese yen) is called. Therefore, it is highly unlikely that they are familiar with these coins from the Persian Gulf. But don't worry, we're going to tell you what they are:
1. Kuwaiti dinar
To date, this is the most expensive currency in the world, its ISO denomination is KWD, and it has been in force since 1960. Despite the fact that Kuwait is a small country, it has a large amount of wealth from the export of the Petroleum.
If you decide to exchange one US dollar for Kuwaiti dinar, you will only receive 0.30 dinars. And this makes this the strongest currency in the world.
2. Bahraini dinar
After Kuwait, Bahrain is the country with the strongest currency, the ISO denomination of its currency is BHD, and it is a rather curious currency.
And this is because it is not divided into 100, like most coins, but it does it into 1,000. Today, if you want to exchange one US dollar for Bahraini dinars, you would only get 0.380 dinars.
3. Omani Rial
This is the legal tender in Oman and the third strongest in the world. As with the Bahraini dinar, this currency is divided into a total of 1,000 currency fractions. This country became rich thanks to the export of oil, so its currency gained great value. One US dollar equals 0.38 Omani rials.
4. Jordanian dinar
The Jordanian dinar is a currency that has been in circulation since 1950 and is the fourth with the highest value in the world. Its ISO denomination is JOD and if you exchange one dollar, you will get a total of 0.71 Jordanian dinars.
This coin is little known, however, it is still one of the best in the world.
After these 4 powerful currencies, the next ones are the British pound, the Gibraltar pound, the euro, the Cayman Islands dollar and the Swiss franc. All of these currencies are superior in value to the most widely used currency in the world, the US dollar.
The most traded currency pairs
Although these Persian Gulf coins are the most expensive, they are not the most important. The world currencies with the highest volume of exchange are, without a doubt, the pound sterling, the US dollar and the euro.
Similarly, the most traded pairs today are the eur / usd, eur / jpy, usd / chf, gbp / jpy and the gbp / usd. If you are interested in transacting with these pairs, you need to register on trading platforms.
If you are very good at currency exchange, you will be able to start generating a very good amount of money in a really simple way.
