- By Aditya Pratap Singh
- Wed, 17 Jan 2024 06:43 PM (IST)
- Source:JND
Top 10 Currencies: Forbes has published a list of the world's 10 strongest currencies (compared to the Indian rupee as well as the US dollar), along with the factors that contribute to their dominance.
Despite being the most traded currency US Dollar is not the strongest currency in the world. Below is the list of top currencies.
The First currency on the list is the Kuwaiti dinar. One Kuwaiti dinar is equivalent to Rs 270.23 and $3.25. The Kuwaiti Dinar is followed by the Bahraini dinar, valued at Rs 220.4 and $2.65.
The third one is the Omani rial, which a single unit is equivalent to Rs 215.84 and $2.60.
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4th Jordanian dinar, one Jordanian dinar is equivalent to Rs 117.10 and $1.141. Followed by the Gibraltar pound (Rs 105.52 and $1.27),
Pound sterling comes at the 6th position. One Pound sterling is equivalent to Rs 105.54 and 1.27 dollars, Followed by the Cayman Islands Dollar, which single unit is equivalent to Rs 99.76 and $ 1.20)
the Swiss franc is the 8th strongest currency against Rupees, Which single unit is equivalent to Rs. 97.54 and $1.17), and the ninth one is the euro (Rs. 90.80 and $1.09).
Interestingly, the US dollar ranks last on the list, with a price of Rs 83.10 per USD. Explaining the ranking, Forbes said the US dollar is the most traded currency in the world and ranks as the leading reserve currency. Despite its popularity, it ranks as the 10th strongest currency in the world.
According to the exchange rate published on the International Monetary Fund (IMF) website on Wednesday, India ranks 15th with the value quoted at 82.9 per US dollar.
The Kuwaiti dinar, which ranks first, has consistently been ranked as the world's most valuable currency since its introduction in 1960. The currency's position shows stability in Kuwait's economy, driven by its oil reserves and taxation. Free system.
Forbes also said that the Swiss franc, the currency of Switzerland, is widely considered the most stable currency in the world.
This list is based on currency values as of January 10, 2024. The values are subject to fluctuation.