I n this article we will discuss about top 10 most expensive currencies of the world, most expensive currencies means which have more value, Currency is the money against one can purchase anything what they want. In past trade was done by exchanging goods with each other rather than against of money. But now in this modern age one can purchase anything in return of money or when someone travels in foreign countries has to use their currency to purchase something there. Currency is something which makes a country strong as financial system of country largely depends upon the value of currency. The value of currency keeps on increasing and decreasing with the time but which currency remains stable it helps the country a lot. Most expensive currencies which everyone thinks are expensive is Euro, Pound, Kuwaiti Dinar, Dollar etc. There are many reasons which make the currency of country stable and popular that they must be performing well in different sectors as in exports, educational sector, production, and especially tourism as that is now biggest source of earning and making currency of country more successful. All the countries are working hard to make them successful and their currency strong which results in to be in the list of top 10. As everyone is interested to know which currency is most expensive of all this article will help them a lot to understand about top 10 currencies and their information.
1. Kuwaiti Dinar
2. Bahraini Dinar
3. Omani Rial
6. American dollar
7. Australian Dollar
8. Azarbaijani Manat
9. Canadian Dollar
10. Swiss franc
As we all can see the list of top 10 most expensive currencies of the world now will discuss about them starting from the last one.
10. SWISS FRANC
This is the most expensive currencies of Switzerland which is very famous country all over the world. As in Switzerland many languages are used Latin is used on coins. Its bank Swiss National Bank issues notes for the country. It has currency notes up to 1000 only which is not a bigger note to decrease the value of its currency. As this is a small country so enjoys a stable currency which makes a country work more successfully. As tourism is good source to earn more revenues because it is a beautiful country and also called Country of Greenery. That is the reason it is included in top 10 expensive currencies of the world.
9. CANADIAN DOLLAR
In past Canada has not its own currency been using other countries most expensive currencies but then they developed their own named Canadian Dollar. Canada also has the strongest financial system of the world as Canada is now becoming successful country and working on different sectors. In winters because of heavy snowfall in Canada many business activities are disturbed which also results in rise and fall of the currency.
8. AZERBAIJANI MANAT
When Azerbaijan became a member of global monetary fund then they launch their own currency. It is also included in top 10 expensive currencies of the world as in this country employment rate is low and education is very common in this country which makes it more successful. Capital city of this is Baku. Highest bank note issued in this currency is only 100. Now it has its own banks. Azerbaijan is small country but having very strong financial system which results in success of the country.
7. AUSTRALIAN DOLLAR
Australian Dollar is the currency of Australia which is very successful and beautiful country according to tourism point of view. Symbol used for this is A$ to keep it different from other countries which have their currency dollar. Australia is popular country as per studies point of view which increases their currency value as all students pay their fees. That is the reason this is also in the list of costly currencies of the world.
6. AMERICAN DOLLAR
American Dollar is very famous all over the world and about 85% of all the dealings in foreign exchange markets are done in dollar which makes it more common and more used currency of the world. Some time ago value of dollar was decreasing in the market but now is constant to some extent. As in Pakistan 1 dollar = 100 rupees. America has a very strong economy as America is working on latest technology and their Hollywood industry is very successful which makes them stronger and keep their currency value constant. America is also working to increase its exports which will increase in value of the currency.
Euro is the currency of all the European countries which makes it more common. As many countries are included in European countries which make it more used currency. Euro was introduced and was declared as their currency in 1999. As many countries are using this currency and all the countries are beautiful as per tourism point of view. Euro is also in the list of most expensive currencies of the world. As in Pakistan 1 euro = 120 Pakistan rupee.
Pound is the official most expensive currencies of UK. As UK is famous all over the world and is very successful which keeps this country more stable and value of its currency is increasing day by day because of its strong economy. This currency is also most valuable currency of the world. As UK is an expensive country that makes a country earn more revenues to remain successful. Highest bank note issued is of 100. Pound is the oldest currency of all used in all over the world. Many educational programs running in many countries such as ACCA and CA are associated with UK and their fees is paid in Pound which makes this currency more popular and continuous trading of it.
3. OMANI RIAL
As many Arab counties are using Rial as its currency so Oman is also using it with a name Omani Rial to make it a little different. Capital of this country is Muscat which is also very famous for employment opportunities. Oman is very rich in oil products and exporter of it which increases flow of its currency and increasing the value of currency. Oman is also moving towards success and their currency is also constant and included in world most expensive currencies.
2. BAHRAINI DINAR
As we all know that Bahrain is very successful country, full of employment opportunities and paying workers a good amount in return of their work. Value of this currency is very stable that is the reason is second in most expensive currencies of the world which is a great success. Highest note issued in Bahraini Dinar is of 20 as we know smaller notes make it more stable. If we see it according to Pakistan, 1 dinar = 158 rupees.
1. KUWAITI DINAR
This is the official currency used in Kuwait. It is world most expensive currency of the world. This currency is denoted by KWD. This is on the top because of largest exporter of oil all over the world. 1Kuwaiti Dinar = 210 Pakistani rupees. Notes issued in this currency are up to 20 not above than that as we know bigger notes decrease the value of the currency. Kuwait is very famous in providing employment opportunities all over the world and many people chose it because of strong currency value and good working conditions. Because of success of all the sector of the country value of Dinar increases and is on the top of the list.
In the article discussed above we can see top 10 most expensive currencies of the world which makes their country more successful and stable. The reason behind these currencies is their exports, their production, tourism etc. All the countries named above are involved in many businesses and are very successful in different fields of life. We all know that when bigger notes of currencies are issued that makes the value of country low so all these countries have no bigger notes that is the reason they are in the list of most expensive currencies. Employment opportunities provided to the people of different countries will also enhance inflow of currency which will result in increasing its value or to keep the countries stable at their current rate. By reading this article everyone will be able to know which are most expensive currencies and from which countries they belong and reasons behind their success.