Close this search box.
Close this search box.

10 Currencies that Outrank the US Dollar: A 2023 Analysis

10 Currencies that Outrank the US Dollar

Let’s dive into the world of currencies! While the US dollar is often seen as the king of the currency castle, it’s actually not the strongest in the world. The term ‘strongest’ here refers to the value of a currency relative to the US dollar. So, which ones top the list? Before we get to that, let’s understand how currencies work.

Imagine you’re at a foreign currency exchange booth. You’ve got US dollars and you’re buying Australian dollars. This transaction is like a see-saw; as one side goes up, the other goes down, depending on how much demand there is for either currency. This is known as a ‘floating’ exchange rate, which most countries use. However, some countries decide to keep their currency’s value steady, or ‘pegged’, to another currency, often the US dollar.

So why does all this matter? Well, let’s say you’re an Aussie planning a trip to the States. If the Australian dollar weakens against the US dollar, your trip becomes more expensive. On the flip side, if you’re savvy about currencies and can predict these shifts, you might be able to make some money by trading in foreign exchange.

Alright, enough of the economics lesson. Here’s the scoop on the top 10 strongest currencies as of now:

  1. Kuwaiti dinar (KWD) – Topping the list, 1 Kuwaiti dinar will get you a cool 3.26 US dollars. That’s thanks in part to Kuwait’s rich oil exports.

  2. Bahraini dinar (BHD) – Coming in at second place, 1 Bahraini dinar will score you 2.65 US dollars. Like Kuwait, Bahrain makes a lot of its money from oil and gas exports.

  3. Omani rial (OMR) – Not too far behind, 1 Omani rial buys 2.60 US dollars. Yep, you guessed it – another oil and gas titan.

  4. Jordanian dinar (JOD) – Jordan’s economy isn’t as reliant on oil and gas, but their dinar is still strong. 1 Jordanian dinar gets you 1.41 US dollars.

  5. British pound (GBP) – The good old British pound is fifth on our list. 1 pound will net you 1.20 US dollars.

  6. Cayman Islands dollar (KYD) and Gibraltar pound (GIP) – These two tie for sixth place. Whether it’s a Cayman Islands dollar or Gibraltar pound, 1 of each will score you 1.20 US dollars.

  7. Swiss franc (CHF) and Euro (EUR) – Another tie! The Swiss franc and Euro are joint eighth. 1 of either will get you 1.07 US dollars.

  8. US dollar (USD) – Last but not least, the US dollar. Now, it might sound funny, but it’s worth exactly 1 US dollar, and every other currency on this list is worth more. But remember, the US dollar is still the most widely used and traded currency worldwide.

So there you have it! The top 10 strongest currencies in the world. Just remember, values can fluctuate, and today’s champion might be tomorrow’s runner up. So keep an eye on those exchange rates, especially if you’re planning a trip or looking to trade in foreign exchange!

Subscribe to Our Newsletter

Related Articles

Top Trending

taylin gallacher
Biography, Life, Relationship and Career of Taylin Gallacher in 2024
Tesla plans cheaper electric cars
Tesla Shifts Gears: Plans to Manufacture More Affordable Electric Cars
the controversy of recurbate in 2024
The Controversy of Recurbate for Distributing Cam Performer Content in 2024
Carlos tevez hospitalized news
Former Man Utd Striker Carlos Tevez Hospitalized Suddenly
Byju's Accused of NCLT Order Violation
Byju's Accused of NCLT Order Violation by Investors


Most Expensive Handbags for Women in the World
Elegance Redefined: 10 Most Expensive Handbags for Women in the World
Gift Ideas for Men
10 Thoughtful and Unique Gift Ideas for Men Who Have Everything
pohela boishakh 2024
Pohela Boishakh: Celebrating Bengali Culture and Heritage Festivities
Korean Beauty Secrets
10 Korean Beauty Secrets for Youthful Energy: Stay Young & Vibrant
Ancient Philosophers Guide to Happiness
Unlocking Happiness: Timeless Lessons from Ancient Philosophers


taylin gallacher
Biography, Life, Relationship and Career of Taylin Gallacher in 2024
Kim Kardashian Response to Taylor Swift
Kim Kardashian's Three-Word Response to Taylor Swift's Diss Track Reignites Feud
Netflix What Jennifer Did AI Controversy
AI Controversy Surrounds Netflix's True Crime Doc 'What Jennifer Did'
Kellie Pickler's Emotional Stage Comeback
Kellie Pickler's Emotional Stage Comeback After Husband's Passing
north koreans animate amazon hbo max shows
North Koreans Reportedly Helped Animate Amazon, HBO Max Shows


How to Get Started on F95zone and Increase Community Interaction in 2024 [Gamer's Guide]
Haligdrake Talisman
How to Obtain Haligdrake Talisman Locations in Elden Ring [Gamer's Guide]
Discover a World of Exciting Gaming in Enjoy4fun [How to Guide]
5 Tips for Signing Up to a Trustly Casino
5 Tips for Signing Up to a Trustly Casino
Online Poker Trends for 2024
Online Poker Trends for 2024


Analysts Chase Top Delivery Stock
Analysts Scramble to Keep Pace with Leading Delivery Stock
Tesla Hacked
Tesla Disbands New Marketing Team Just Months After Formation: Report
World Richest Families
Power and Wealth: Top 10 World's Richest Families in 2024
Optimize Sales and Improve Employee Morale
How To Optimize Sales and Improve Employee Morale in Your Business
netflix profit boost password sharing crackdown
Netflix's Profits Soar Amid Password Sharing Crackdown


What Are the Impact of MyLiberla on Personal Empowerment and Productivity
UiPath Launches Data Centers in Pune and Chennai
UiPath Boosts Presence in India: Launches Data Centers in Pune & Chennai
Oracle moves headquarters to nashville
Oracle CEO Larry Ellison Announces Headquarters Move to Nashville
The Evolution of Automotive Connectivity with Eplus4car [Technical Analysis 2024]
Google Gemini Boost Speed on Android Devices
Google Gemini Set to Boost Speed on Android Devices!


impact of emotional trauma on chronic pain
Who is Most Affected by Emotional Trauma-Induced Chronic Pain?
Intermittent Fasting
Unlocking the Power of Intermittent Fasting: Expert Tips Revealed
disease x
Disease X: Scientists Predict Virus Could Spark Next Global Pandemic
A Comprehensive Experience with Dr. Aravind Bhateja
A Comprehensive Experience at Sparsh Hospital in Bangalore with Dr. Aravind Bhateja
why veterans choose Out of Town Rehab
Finding Freedom: Why Veterans Should Opt for Out-of-Town Rehab?