The most expensive money in the world – Cost online (Price charts). The most expensive currencies in the world against the ruble and the dollar The most expensive currency

Economist. More than 15 years of experience in finance. Date: December 11, 2018. Reading time 6 min.

The Kuwaiti dinar is firmly in first place in the ranking of the most expensive currencies in the world. The cost of 1 dinar is equal to 217 rubles. This high rate is associated with large oil fields in the state and the constantly rising price of oil. Among European currencies, the British pound has the best position - for 1 pound they ask for 84.42 rubles.

Most Russians closely monitor price rates on stock exchanges. They are mainly interested in the ratio of the ruble to the dollar and the euro. However, the most expensive currency in the world is not North American, or even European. You can get acquainted with the leaders in this segment from this rating.

5th place. GBP

The apogee of the popularity of the British pound falls at the turn of the 19th – 20th centuries. It was during this period that the state experienced maximum prosperity. The development of the United States economy and the corresponding rise in the dollar have reduced the value of the English currency on the international market.

The country's economy confidently occupies a leading global position. In Europe it is second only to Germany, and in the world it is in 6th position. The development and execution of public financial manipulation of the Kingdom's treasury rests with Her Majesty's Treasury. Responsibility for issuing the national currency lies with the Bank of England, which is central.

Each of the British colonies uses its own national currency, which has visual differences. However, their quotes are 1 to 1. At the same time, native British people often refuse to accept them as a unit of account.

Table 1. Quotes for the cost of 1 British pound sterling (GBR

4th place. Latvian lats

The Latvian currency has been used twice in the country. The first appeal was from 1922 to 1941, the second – from 1993 to 2013. In Soviet times, the Latvian ruble was in circulation, which was exchanged in a ratio of 1 to 200 to the ruble, that is, for 100 lats you could get about 7,000 rubles. Used until June 28, 1993.

The Latvian currency could be the “heaviest” in Europe and be in this top almost on the same level as the British pound sterling. However, history turned against him, and on January 14, 2014, the lats were withdrawn from circulation.

This happened at a time when Latvia became a member of the European Union. This was January 1, 2014, and the currency change was carried out within 2 weeks. Thus, today the Latvian lat is a non-existent currency, and the euro has become the national currency.

Table 2. Exchange rate codes for 1 Latvian lat are given as of January 2014.

3rd place. Omani real

The economy of this state, located in the southeastern part of the Arabian Peninsula, is concentrated on oil exports. The exchange rate of the national currency directly depends on stock exchange statistics. Surprisingly, Oman’s GDP per capita is only $23,870, and this is only 53rd position on the list of developed countries.

Due to the fact that the country’s reserves of “black gold” are running out, a decision was made to introduce measures that could minimize the crisis in the local economy. Every year, more and more efforts are directed towards diversifying the economy: towards the development of natural gas, metallurgy and the tourism business.

Table 3. Quotes for the cost of 1 Omani rial (OMR) against other currencies

2nd place. Bahraini Dinar

The small island kingdom in the Persian Gulf currently has the second most valuable currency in the world rankings. The secret to the stability of the country's money lies in its attachment to the American dollar. This allows us to maintain a leading position for 15 years.

The successful history of the country's economic development begins in 1932. At this time, oil fields were discovered, which, together with stable pearl production, made the Bahraini dinar one of the leaders. Currently, the production of “black gold” has decreased by almost 50%, but the shortfall is covered by significant reserves of natural gas.

Table 4. Quotes for the cost of 1 Bahraini dinar (BHD) against other currencies

1 place. Kuwaiti dinar

Today it is the most expensive currency in the world. In the monetary rating it is the most stable and freely convertible unit. Huge oil reserves make this tiny emirate a leader in its reserves.

Every year, 96% of the country's GDP increases only due to deposits. A similar amount falls on the revenue side of the state budget. According to information provided by its own experts, there are 102 billion barrels at disposal, which is equal to approximately 10% of all world reserves.

Table 5. Quotes for the cost of 1 Kuwaiti dinar (KWD) against other currencies

The population of Bahrain as of 2016 is 1.425 million people. Of these, every 15th is a ruble millionaire.

How often do we hold these pieces of paper in our hands, how much and how little can we buy with them? As a rule, we usually talk about the price of a product or service, rather than the value of money. And the price of these coins and securities becomes known after comparing one currency with another. There are more than 180 currencies in the modern world. Whichcurrencymost expensive on the planet? This is why the TOP 10 rating has been compiled - to find out which most expensive currencies in the world and their value in relation to the ruble.

The most expensive currencies in the world

The result is a very interesting table, headed, not surprisingly, by oil-producing countries. By the way, they intend to unite and create their own single currency, similar to the euro, but the price of such money remains a mystery, given that in Kuwait alone, every 15th resident is a millionaire. Most likely, it will be impressive. It seems strange that Azerbaijan and its manat are on this list. Apparently, the “magical aura” also worked here. But Latvia is actively succeeding behind the European Union, having overtaken its euro. Which also made it into the TOP 10, unlike

Summary table of currency value data

How are exchange rates set?

So, most expensive currency— Kuwaiti dinar ( Kuwait dinar).

For one Kuwaiti dinar (letter code - KWD, currency code - 414) they give 88.59 rubles (as of April 1, 2008) or $3.75. Interestingly, back in 1984, one Kuwaiti dinar was worth 2.79 rubles or 3.28 US dollars. No wonder the dinar - highest currency value.

The Kuwaiti dinar was introduced in 1961, replacing the Indian rupee. In 2006, Kuwait revalued its currency by 1% against the dollar. As a result, the US currency fell below 0.29 dinars per unit. And already in May 2007, the dinar exchange rate was decoupled from the dollar, replacing the latter with a multi-currency basket.

Bahraini Dinar (currency code BHD or BD).

From 1966 to 1973 it was the national currency of the UAE emirate, until it was replaced by the UAE dirham. The Bahraini dinar was introduced in 1965, replacing the Gulf rupee. The dinar exchange rate has been pegged to the US dollar since 1987. In relation to other world currencies, the dinar fluctuates in sync with the dollar.

Omani rial

• - monetary unit of the state of Oman.
• International designation - OMR.
• The banknotes have inscriptions on one side in English and on the other in Arabic.
• And the coins have no English designation.

Latvian lats

- the currency of Latvia in the period from 1922 to 1940 and since 1993, after gaining independence.
After replacing the Maltese lira and the Cypriot pound with the euro, the lat became the heaviest EU currency. As of January 1, 2009, the pound sterling exchange rate was lower than the lat rate by 15 Russian rubles

GBP

• - the monetary unit of Great Britain.
• Code: GBP or UKL.

Banks in individual territories within the UK issue banknotes with their own designs. Technically, these banknotes must be accepted by all UK banks. The name was finally assigned to the monetary unit in 1694 during the first issue of banknotes by the Bank of England. was the main reserve currency in countries around the world in the 18th and 19th centuries. After the Second World War, the difficult economic situation in Great Britain and the dominance of the United States of America in the world economy led to the loss of the pound sterling status as the most significant currency. Although already in 2006 it became the third most widely accepted reserve currency, having received a surge in popularity in recent years.

Special Drawing Rights ( Special Drawing Rights, SDR, SDRs, XDR)

• - an artificial reserve and means of payment issued by the IMF.
• It has only a non-cash form in the form of entries in bank accounts; banknotes were not issued.
• It has a limited scope of use and is circulated only within the IMF.

It is used for settlements on IMF loans, replenishing reserves, covering the balance of payments deficit, and regulating the balance of payments. The Special Drawing Rights were created in 1696.

The XDR rate is published daily and is determined based on the dollar value of a basket of four leading currencies: pound sterling, yen, euro, US. The weight of currencies in the basket is reviewed every five years.

Euro is one of the most expensive currencies

Euro

- the official currency of the EU, 17 countries that are part of it. In 2006, there were approximately 610 billion euros in cash circulation, making this currency the owner of the highest total value of cash circulating around the world, ahead of the US dollar. The euro was introduced for non-cash payments in 1999, and for cash payments in 2002. Euro cash has replaced the national currencies of 17 out of 27 EU countries.

Jordanian Dina - (JOD or JD) is the monetary unit of Jordan. The royal dynasty is depicted on coins and banknotes. Coins and bills are signed in English and Arabic. In 1949, the dinar replaced the Palestinian pound.

Azerbaijani manat

• - the official monetary unit of the Azerbaijan Republic, was subject to redenomination twice - in 1992 and 2006.
• The design of the banknotes was developed by the Austrian designer Roberto Kalina, who also developed the modern design of euro banknotes.
• Therefore, the coins show a certain similarity with euro coins.

Ghanaian cedi

• - the monetary unit of Ghana, introduced in 1965.
• International designation: C, GHC.

For a long time, Ghana did not have its own currency. On the territory of the country, money imported from neighboring countries was in use. The need to introduce its own currency arose in Ghana due to the development of tourism and the influx of foreigners into the country. Thus, in 1958, the Ghanaian pound appeared, which was replaced by the cedi in 1965. The currency went through two reforms in 1972 and 2007. The last time was because of. The cedi eliminated the four-zero bills.

Currently, the cedi exists only in the form of banknotes of various denominations. As you can see, there is no dollar among the currencies yet, but if you take into account, it may well enter the top ten.

Every year the world economy changes, and the economies of individual countries also change, so the rating of currencies in 2015 differs from this year. We present to you a list of the eight most expensive currencies in the world in 2016.

In the top, the US dollar is given the last eighth position in terms of value. But from the point of view of demand and its use as a world reserve currency, the US dollar occupies the most significant role.
The rating uses the conversion of each currency into dollars.

As a result of the deal between Saudi Arabia and the United States in 1973, the concept of “petrodollars” was born in the world. And in 1975, the Organization of Petroleum Exporting Countries adopted the US dollar as the only currency for purchasing oil, which created a strong demand for USD.

7. Swiss franc

1 CHF = 1.02795 USD
Switzerland is a banking haven country and has a very strong economy. The Swiss franc is very popular as a primary savings currency. The average monthly salary in Switzerland is $9,374.

6. Euro

1 EUR = 1.12940 USD
The well-known currency of the Eurozone, the euro has recently been experiencing many different economic and political problems.

5. Jordanian dinar

1 JOD = 1.41283 USD
The average monthly salary in Jordan is about $2,700.

4. British pound

1 GBP = 1.44754 USD
The British pound as a currency gained its strength during the colonial era and is still one of the main units of account for savings accounts. The average monthly salary in England is $6,785.

3. Omani rial

1 OMR = 2.59963 USD
The average monthly salary of $4,100 can convince many to work in Oman.

2. Bahraini dinar

1 BHD = 2.65625 USD
Bahrain occupies a strategic position in the world that facilitates the development of international trade. With the development of the economy and industry, the economy of Bahrain has become perhaps the strongest and most stable in the region. The average monthly salary in the country is about $3,500.

1 KWD = 3.35086 USD
Kuwait's currency is the most valuable in the world, and the country benefits from a booming oil-based economy. The average salary in the country is $3,650 per month.

Below is a summary table:

Top most expensive currencies in the world

The value of banknotes is an economic necessity for a developed human society. The national capital of each country has its own importance not only within the state, but also on the world market. And only a few leading powers have earned monetary authority across the planet. Conditions of increased density of international relations in various sectors of the economy force business people to use the most fundamental and recognized currencies. The instability of the euro and dollar over the past few decades has led to the unreliability of the international currency as such. It is better to plan financing of business projects in more stable world money, such as British pounds and Latvian lats. Polish zlotys and Swiss francs also pay off favorably, despite their relatively low cost on the world foreign exchange market. Which banknotes are the most valuable and expensive of all existing ones? The world's most expensive currencies against the Russian ruble.

Top 1. The first place is occupied by the Kuwaiti Dinar.

Localization of oil fields provides residents of their country with reliable banknotes and an increased number of oligarchs. For many years, statistical findings have shown the strong position of millionaires in a country with a population of 3 million people, as a ratio of 1:15. The dinar's long-term leadership march around the world began in 1961, when it came into circulation to replace the rupees and had the same conversion rate as the pound sterling. The rise in price of Kuwaiti money gave a rapid boost in 2006 and 2007, which served as a reason to decouple the comparative value from the dollar equivalent. Today it is converted in the amount of 200 Russian rubles for one Kuwaiti banknote.

Top 2. Silver is held by the Bahraini Dinar.

Another Arab power, Bahrain, a small island administrative unit, introduced its national currency in 1965. And already from 1966 to 1973 it became the main capital of the United Arab Emirates. Black gold brought national money to the second position of the currency peace, largely due to its small territory in relation to the mining and processing industries. The design of banknotes comes down to cultural monuments and national ornamental patterns.

Top 3. The honorable third level of prize places is located at the Omani Rial.

The southeastern direction of the Arabian Peninsula is rich in many countries, one of which is the state of Oman. This country initially paid in Indian rupees until it officially switched to the Said Real in 1970, which was replaced by the Omani Real in 1974. It lags behind the Bahraini Dinar by only ten cents when pegged to the US dollar. In relation to the ruble, one Omani Rial is valued at 153.5 Russian units.

Top 4. Following the top three is Latvian Lat.

The currency of Latvia is the most expensive and the stable currency of Europe since its rebirth in 1993, after gaining independence due to the collapse of the Soviet Union. In 2012, the lat was recorded as the most expensive currency in Europe, exceeding the exchange rate of the euro and pound sterling. Latvia has been ready to join the Eurozone since 2008, but this only came true on 01/01/2014. Considering that Latvia is an active member of the European Union, its currency was predicted to be quickly eradicated due to a total transition to the euro - money. So far this has not happened and today one lat is converted as highly as before, and has 100 rubles for one single piece of paper.

Top 5. Fifth position for the UK Conservatives.

The pound sterling has been the most historically stable currency since 1694, even withstanding the post-war absorption of the entire foreign exchange market by the American dollar in the late 40s of the twentieth century. Despite its high cost and permanence, it has a creative approach to the design of banknotes, thus being also an identification mark of territorial affiliation. The strength of the British national currency has increased since the creation of the European Union. This happened due to England joining the alliance on very favorable terms.

Top 6. The Jordanian dinar is in sixth place in the currency ranking.

It is paradoxical - the high value of this currency is almost inexplicable, however, it is Jordanian banknotes that are following on the heels of the British pounds. The Israeli-controlled country has held its national currency in sixth place since 1940. An undeveloped economic system with a constant budget deficit and incessant flows of foreign investment for the needs of the poor does not prevent the currency from occupying world leadership, many times greater than the popular euros and dollars.

Top 7. The seventh column hospitably accepts Cayman Islands dollars.

The currency that replaced the Jamaican dollar is pegged to the American currency and has the same spasmodic instability. It entered national circulation in 1972, following the founding of the British Monetary Board a year earlier. It has earned its global strength thanks to the huge concentration of international financial structures localized on the shores of Cayman. The offshore zone with the tourism business provides jobs for 100% of the country's population.

Top 8. The euro, with its wild popularity, ranks eighth.

The official currency of the European Union has firmly occupied its position in all Eurozone countries since 1999 in non-cash mode, and since 2002 in cash circulation. In terms of popularity in terms of sales volume, the euro competes only with the American dollar, and is a reserve currency in many countries. Euro money is protected from crisis declines by the gold and foreign exchange fund, which will not prevent the alliance from getting rid of countries in the future that pose the most dangerous risk of financial losses. It is relevant to buy euros in Russia for 69.5 – 70 rubles per single bill.

Top 9. The Swiss franc confidently holds the ninth position.

The stability and quality of Swiss production of legendary watches, cheeses and chocolate allow national banknotes to strengthen every year more and more firmly in everything world. The originality of the Swiss currency lies in the vertical design of the notes. And the banking system, with the non-disclosure of data even on the interest rates of any deposit, ensures the reliability of the franc and the stability of its exchange rate on the world foreign exchange market.

Top 10. The American dollar closes the top ten most expensive currencies in the world.

The most common monetary unit, known to every citizen of any country on our planet. The ability to pay for a product or service with an American dollar is the easiest type of payment on the entire planet. The specifics of the American economy with a huge amount of public debt have absolutely no effect on the position of the currency in the world. This is mainly due to the issuance of banknotes by the US National Bank, which significantly mitigates exchange rate fluctuations on the currency exchange. The very instability of the dollar is caused not only by the economic situation in America, but also largely depends on the financial affairs of Europe. Since the dollar-euro relationship has directly proportional dynamics. Today's dollar exchange rate against the Russian ruble is 61.5 units.

Each country has its own national currency in circulation. The list of currencies of the countries of the world is very wide. However, it can be divided into several main groups. So, for example, there is the currency of European countries, African countries, countries of North and South America, as well as Asian countries, Australia and Oceania. In addition, the list of world currencies can be divided into two categories: the most expensive and the cheapest monetary units.

What affects the value of a currency

One of the most important indicators affecting the value of a currency is the presence of a strong and well-developed economy. It must inspire confidence among partners and investors who will invest in government securities. In addition, the availability of minerals and their export by the country has a great influence.

If you carefully study the rating list of currencies of the countries of the world, you will see that the most powerful and expensive are the banknotes of the Arab Peninsula. But, despite this, this currency is of little interest to other countries. This is due to the fact that it directly depends on oil. And this natural resource may run out at a certain time. Accordingly, the income of the exporting country will also fall.

Why is the price of currency falling?

The currency of Vietnam is the dong. The name of this monetary unit is translated as “copper” or “bronze”. But, despite this name, the banknotes themselves are made of special water-repellent paper. This makes them more wear-resistant.

The dobra should be placed in third place on this list of world currencies. The dobra is the currency used in circulation in the Democratic Republic of Sao Tome and Principe. The economy of this state is based on tourism and the cultivation of coffee and cocoa.

In fourth position is the familiar Belarusian ruble. It is often called a “bunny”.

The fifth position in the list of the cheapest currencies in the world is occupied by the rupiah, which is used in Indonesia. In the local dialect, the currency is called "perak". But its official name was taken from

Freely convertible currencies

Some of the most popular currencies accepted for circulation all over the world are the dollar and the euro. But, despite all its popularity, these monetary units are approximately in the middle of the list of the most expensive banknotes in the world. At the same time, the euro is slightly ahead of its counterpart in terms of conversion.

These currencies are reserve currencies for the whole world, thanks to the most stable and developed economies of their countries.

A complete list of the names of the currencies of the world can be found on the official websites of companies that are engaged in the purchase/sale, as well as currency exchange.

We recommend reading

Bridges

Aircraft wing mechanization

Estate museums

Montego Bay, a city in Jamaica: description, attractions

Interesting

Where did the Kremlin towers get their name from?

Blog

Alaska in literature What seas is Alaska washed by?

Answers

Map of France with surrounding countries

Attractions

Saturn holiday home. Recreation center Saturn. We guarantee the best prices