There are many currencies in the world and each one has its own buying power that is reflected in their exchange rates. Though these values and relevant currency strength fluctuate with the economic factors prevailing in the world, yet the actual strength is determined by how less the value is affected by internal or external economic factors.
Today, we’ve ranked top 10 strongest currencies in the world by value 2013.
Switzerland as a country has been known for its neutrality and is one of the richest countries in the world having the highest wealth per adult.
Country: Swiss Confederation
Largest Note: 1000 (US$1069)
Cayman Islands Dollar
Consisting of three major Islands between Cuba and Jamaica, The Cayman Islands are a major offshore financial center.
Country: The Cayman Islands
Value: US$1.22 = KYD 1
Largest Notes: 100 (US$ 120)
Located on a crossroads with Eastern Europe and Western Asia, Azerbaijan in rich in oil and gas reserves and is the largest country in the Caucuses region.
Country: Republic of Azerbaijan
Value: US$1.274 = AZN 1
Largest Note: 100 (US$127)
European Union Euro
The European Union is a joined 28 member states, 17 of which use the Euro as their official currency.
Country: European Union
Value: US$1.321 = EUR 1
Largest Note: 500 (US$ 660)
Jordan’s economy is considered as the 3rd most open economy in North Africa and West Asia and enjoys ‘special status’ with the European Union.
Country: Hashemite Kingdom of Jordan
Value: US$1.414 = JOD 1
Largest Note: 50 (US$70.72)
The pounds of the Falkland Islands (FKP), Gibraltar (GIP) and Saint Helens, Ascension and Tristan da Cunha (SHP) are all linked to the GBP and so are of the same value.
Country: Great Britain
Value: US$1.555 = GBP 1
Largest Note: 100 (US$155)
Latvia is located in Northern Europe and will be using Euro as its official currency starting 2014.
Country: Republic of Latvia
Value: US$ 1.886 = LVL 1
Largest Note: 500 (US$943)
This is perhaps the most stable country in the Arab World, Oman promotes its agriculture and fisheries to support its oil wealth.
Country: Sultanate of Oman
Value: US$2.6 = OMR 1
Largest Note: 50 (US$129.95)
Around 1932 Bahrain became the first country on the Arabian side of the Persian Gulf to discover oil but has more recently reduced its dependency on oil and moved to the banking and tourism businesses.
Country: Kingdom of Bahrain
Value: US$ 2.652 = BHD 1
Largest Note: 20 (US$53)
Kuwait is a small land situated on Arabian Peninsula – known as the most liberal state in it’s geographic boundary having the fifth biggest oil reserves of the world. Also, according to several lists, it has been ranked as the 7th richest country in the world.
Country: State of Kuwait
Value: US$2.847 = KWD 1
Largest Note: KWD 20 (US$70)
Don’t forget to check out our rankings for top 10 all time strongest currencies of the world.