Hong Kong IS headquarters of major banks, companies and all types of entities. It is ranked at 9th number in the list of top 10 most valuable currencies in the world. It also provides the international traffic of ships. All these reasons have added value to the HONKONG DOLLAR.
Sweden’s is a global producer of steel and palladium both are precious metal, and this reason supported it to be as stable economy. It has made SWEDISH CROWN valuable in the world market. The marketing of this coin is reduced mainly due to Europe.
It is ranked at 7th number in the list of top 10 most valuable currencies in the world. The Canadian dollar has an important sales market just like northern neighbor especially in Central America and the Caribbean, to a minor extent in Europe. It has a value of U.S. $ 1 = $ 0.92 Canadian.
6. Australian Dollar
The Australian dollar gained importance in current years due to its role of “financial canary”. Since Australia is an economy greatly dependent on the sale of cargoes (especially emerging economies like China and India), whenever these declined in price, so does the Australian dollar. This has earned it’s a place in the list of top ten currencies around.
The Swiss franc has a vital history in European trading. In the First World War as well as during World War II and the Cold War, it served as currency by both sides. Since then, the exchange rate has only been reinforced. It is ranked at 5th number in the list of top 10 most valuable currencies in the world. In 1944, one U.S. dollar was equivalent to 5 francs and today the rate reaches 1 FR. = U.S. $ 1.15. Until 2003, the Swiss franc was convertible into gold.
It is ranked at 4th number in the list of top 10 most valuable currencies in the world. It is U.K official currency. The pound had been the most important currency and traded in the world throughout the nineteenth and twentieth centuries till the end of World War II. After that period, its value decayed considerably on numerous junctures, it was not until the 90s that improved a stable exchange rate against the U.S. dollar. Currently one pound equals $ 1.60and tends to be significantly strengthened as the euro or the U.S. dollar.
The Japanese yen is the third most transacted currency in the world, has particularly popular in Asia, especially in less developed economies such as North Korea, Vietnam, Laos and Cambodia. Moreover being one of the favorites at the time of refuge in times of uncertainty, this currency tends to rise against other currencies because of the strict control of the Japanese authorities on economic issues. Only 10 years ago 10,000 yen equivalent to $ 80, and today 10,000 yen, equivalent to U.S. $ 129. Therefore, with passage of time yen is over powering currencies of many countries, this is due to ever-growing Japanese economy and best business policies.
The euro is the second most traded currency in the world, Euro has largest amount of cash flowing in the world, a total amount of 751,000 million euros. Many African and Asian countries began using the euro as reference currency switching the dollar and trade. Beyond the problems caused by the crisis, the euro still has major aspirations as a global exchange currency. In ranking of Top Ten Currencies in the World, due to wide usage in the entire major European countries euro bill comes at second spot.
1. U.S. DOLLAR
It is ranked at 1st number in the list of top 10 most valuable currencies in the world. The U.S. dollar is the most traded currency in the world. As the matter of fact everybody knows that due to American control over worlds trade from several decades made the dollar paper king of all. After the Second World War by the Treaty of Bretton Woods in 1944, it was enforced as a currency for international transactions, since then this coin has become the main source for many emerging and under developing countries. Dollar is accepted in almost each and every country on Earth. Despite of Large number of printing currency bills and large investments made on war by US government united states dollar has maintained its value and popularity from years and years.