Top 20 Most Expensive Currency Of The World 2023
1. Kuwaiti Dinar (KWD)
The Kuwaiti dinar is the official currency of Kuwait. It is the world’s highest-valued currency unit, with 1 KWD being equal to about 3.3 USD. The Kuwaiti dinar is divided into 1000 files. The currency is issued by the Central Bank of Kuwait.
2. Bahraini Dinar (BHD)
The Bahraini Dinar is the official currency of Bahrain. It is considered to be one of the most valuable currencies in the world, with a fixed exchange rate of 1 USD to 0.3760 BHD. The Bahraini Dinar is subdivided into 1000 fils. Coins are available in denominations of 5, 10, 25, 50, and 100 fils, while banknotes are available in denominations of 100, 500, 1,000, 5,000, 10,000, and 20,000 fils.
3. Omani Rial (OMR)
The Omani Rial is the official currency of Oman. It is divided into 1000 baisa and is one of the most valuable currencies in the world. The rial is issued by the Central Bank of Oman and is pegged to the US Dollar at a rate of 1 Omani Rial to 2.6008 US Dollars.
4. British Pound (GBP)
The British pound is the official currency of the United Kingdom. It is also the fourth most traded currency in the world. The currency code for the pound is GBP and it is often represented with the symbol £. The pound is divided into 100 pence and is also the oldest currency still in use today.
5. Cayman Islands Dollar (KYD)
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands. It is divided into 100 cents and is pegged to the U.S. Dollar at a rate of 1.20 KYD for every U.S. Dollar. The KYD is issued by the Cayman Islands Monetary Authority and is accepted as legal tender in the Cayman Islands.
6. Euro (EUR)
The euro is the official currency of 19 of the 28 member states of the European Union. It is the second most traded currency in the world after the United States dollar. The euro is divided into 100 cents. It is the single currency for over 300 million Europeans.
7. Swiss Franc (CHF)
The Swiss Franc is the official currency of Switzerland and Liechtenstein. It is also used as an accepted currency in some parts of Italy and Germany. The Swiss Franc is one of the most stable currencies in the world and is considered to be a safe-haven currency in times of economic turmoil. The Swiss Franc is issued by the Swiss National Bank and is pegged to the Euro at a rate of 1.20 Swiss Francs per Euro.
8. United Arab Emirates Dirham (AED)
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates. It is divided into 100 fils and is issued by the Central Bank of the UAE. The AED is pegged to the US Dollar at a rate of 1 AED to 3.6725 USD. The AED is the most actively traded currency in the Middle East and is widely accepted throughout the region. The AED is also accepted in many other countries, including Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, and Saudi Arabia.
9. Canadian Dollar (CAD)
The Canadian Dollar (CAD) is the official currency of Canada. It is one of the world’s most traded currencies and is used as an international reserve currency by many countries. The Canadian Dollar is divided into 100 cents. The currency is managed by the Bank of Canada, which is responsible for setting monetary policy and issuing notes and coins.
10. Australian Dollar (AUD)
Australia’s currency is the Australian dollar (AUD). It is the fifth most traded currency in the world and is also the official currency of Australia, Christmas Island, Cocos (Keeling) Islands, Norfolk Island, and the independent Pacific Island states of Kiribati, Nauru, and Tuvalu. The currency is sometimes referred to by its nickname, the ‘Aussie’. The Australian dollar is divided into 100 cents.
11. New Zealand Dollar (NZD)
The New Zealand Dollar (NZD) is the official currency of New Zealand. It is also used in the Cook Islands, Niue, the Pitcairn Islands, and Tokelau. The currency is divided into 100 cents. The New Zealand Dollar was introduced in 1967 and replaced the New Zealand Pound. The currency is managed by the Reserve Bank of New Zealand. The New Zealand Dollar is often referred to as the “Kiwi” due to the kiwi bird being the national symbol of New Zealand.
12. Singapore Dollar (SGD)
The Singapore Dollar (SGD) is the official currency of Singapore. It is issued by the Monetary Authority of Singapore and is widely used in international transactions. The SGD is also one of the most traded currencies in Asia, as well as the third most traded currency in the world after the US Dollar and the Euro. The Singapore Dollar is subdivided into 100 cents and is pegged to a basket of currencies, including the US Dollar, the Euro, the Japanese Yen, and the British Pound.
13. Hong Kong Dollar (HKD)
The Hong Kong Dollar (HKD) is the official currency of Hong Kong. It is issued by the Hong Kong Monetary Authority and is pegged to the US dollar at a rate of 7.8 HKD to 1 USD. The HKD is subdivided into 100 cents. The HKD is a free-floating currency and is one of the most traded currencies in the world.
14. Swedish Krona (SEK)
The Swedish krona is the official currency of Sweden. It is also used in the Åland Islands, which are autonomous regions of Finland. The currency code for the Swedish Krona is SEK, and the currency symbol is KR. The Swedish krona is divided into 100 öre.
15. Danish Krone (DKK)
The Danish krone is the official currency of Denmark and is used in the Faroe Islands, Greenland, and the Danish overseas territories. The krone is divided into 100 øre. One krone is equal to about 0.15 US dollars. The krone is currently pegged to the euro at 7.46038 kroner per euro.
16. Norwegian Krone (NOK)
The Norwegian Krone is the official currency of Norway. The symbol for the currency is kr and the currency code is NOK. The Norwegian Krone is divided into 100 øre. The currency is managed by the Central Bank of Norway, Norges Bank. The current exchange rate for the Norwegian Krone is approximately 8.46 KR per USD.
17. South African Rand (ZAR)
The South African Rand (ZAR) is the official currency of South Africa. It is also used by Lesotho, Namibia, and Swaziland as legal tender. The currency was introduced in 1961 and is subdivided into 100 cents. The ZAR is currently the most traded currency in Africa and is also one of the most volatile currencies in the world. It is also one of the highest-yielding emerging market currencies.
18. Japanese Yen (JPY)
The Japanese yen is the official currency of Japan. The yen is the third most traded currency in the world after the US dollar and the euro and is also widely used as a reserve currency after the US dollar, the euro, and the British pound. The yen is divided into 100 sen or 1000 rin. The symbol for the yen is ¥.
19. US Dollar (USD)
The US dollar is the official currency of the United States. It is the most widely used currency in international transactions and is the world’s primary reserve currency. The US dollar is divided into 100 smaller units called cents and is denoted by the symbol “$”.
20. Bulgarian Lev (BGN)
The Bulgarian Lev (BGN) is the official currency of Bulgaria. It is divided into 100 stotinki. The Bulgarian Lev has been the official currency of Bulgaria since 1881 and was introduced to replace the Ottoman Turkish currency. The Lev uses the Cyrillic alphabet for its denomination and is often referred to as the “Bulgarian Lion” due to its symbol. The lev is managed by the Bulgarian National Bank and is issued in denominations of 1, 2, 5, 10, 20, and 50 stotinki and 1, 2, and 5 leva.
