List of Top 10 Strongest Currencies in the World this 2024 as per Forbes
TOP 10 STRONGEST CURRENCIES 2024 – Forbes listed its Top 10 currencies with the biggest values in the world and USD surprisingly ranked last.
Just as there are a lot of countries and territories across the globe, there are also a lot of currencies. The exchange of currencies, like exchanging from USD to PHP, is one of the ways wherein some citizens of certain countries can earn big. However, it does not necessarily note the power of a currency.
According to Forbes, strength or value of a currency is determined by checking on the number of goods and services it can purchase with a single unit of a specific currency. The popularity of a currency has nothing to do with it and, to check the Top 10 strongest currencies in the world, you can check the list below.
10. United States Dollar (USD)
Undeniably, the United States Dollar or USD is the most popular among the many currencies across the globe. However, contrary to expectations for it to rank first, it ranked 10th in the list of Forbes. Meanwhile, it is the currency which serves as the primary reserve across the globe.
9. Euro (EUR)
Nineteen (19) members stated of the European Union or U.N. are using EUR as their currency. It is the second biggest reserve currency in the world and also the second most-traded.
8. Swiss Franc (CHF)
The currency of Switzerland and Liechtenstein, the Swiss Franc which goes by the abbreviation “CHF”, ranked 8th in the list. According to Forbes, Switzerland is the wealthiest nation in the world.
7. Cayman Islands Dollar (KYD)
Many people may not be familiar with the Cayman Islands Dollar which is the official currency of the Cayman Islands (even the place, perhaps) but it is one of the Top 10 strongest currencies in the world. Prior to using the KYD, the people in the Cayman Islands used the Jamaican Dollar.
6. Gibraltar Pound (GIP)
The GIP is the official currency of Gibraltar which is a British overseas territory. It has a progressive tourism and e-gaming sectors.
5. British Pound (GBP)
Also one of the foreign currencies where an exchange to the Philippine money can yield a big amount is the GBP or also commonly called Pounds. It is the official currency of Great Britain.
4. Jordanian Dinar (JOD)
The currency of Joran is also one of the Top 10 strongest currencies in the world according to Forbes. Its “fixed exchange rates and diversified economy” are credited as huge contributors of its great value.
3. Omani Rial (OMR)
The currency of Oman, Omani Rial, is one of those with the biggest value. The country has great oil reserves and the currency is tied to the United States Dollar (USD).
2. Barhraini Dinar (BHD)
According to Forbes, the official currency of Bahrain, an island nation in the Arabian Gulf, landed on the 2nd spot in the list of the Top 10 strongest currencies in the world. It is pegged to USD and is exclusively operating in Bahrain.
1. Kuwaiti Dinar (KWD)
The Kuwaiti Dinar, the official currency of Kuwait, was regarded by Forbes as the currency with the highest value. Based on the article, it maintained to take the lead among the currencies’ strength since 1960 when it was first introduced.
Aside from physical currencies, there is also a growing population of cryptocurrencies in the world. They are digital currencies people use for a lot of transactions over the internet. There are budget-friendly cryptocurrencies but you have to be really aware of the best tips if you want to join crypto trading.
