As of April 23, 2015, the most expensive currency in
2015 is not the U.S. dollar, the British pound, or the
euro. Surprisingly, the most valuable currencies in the
world don’t always belong to the wealthiest economies.
The following list of currencies gives the U.S. dollar a
run for its money when it comes to the most expensive
currency in the world. All exchange rates are as of April
22, 2015.
10. Canadian Dollar (CAD)
One Canadian dollar buys US$0.81.
At its recent peak, which was in April 2011, the Canadian
dollar was able to purchase US$1.05. The Canadian
economy fared much better during the Great Recession,
with no banks needing bailouts and home prices only
declining modestly. Since then, the Canadian economy
has expanded, slowly growing at an average pace of
2.0% and 2.5% in 2013 and 2014, respectively. These
factors have helped it
9. Azerbaijani Manat (AZN )
One Azerbaijani manat fetches US$0.95.
Azerbaijan, located between the Black and Caspian
Seas, has Russia and Georgia as its neighbors to the
north, and Turkey and Iran as its neighbors to the south.
This oil-rich nation grew at 4.5% in 2014 and is expected
to benefit from an expansive network of oil pipelines
running through its borders.
8.
Swiss Franc ( CHF )
One Swiss franc is equivalent to US$1.03
On January 15, 2015, the Swiss National Bank removed
its cap on the Swiss franc, momentarily sending the
currency 15% higher against the U.S. dollar. The floating
of the exchange rate was a result of continued demand
for the Swiss franc as a safe-haven currency from a
well-diversified, export-focused economy.
7. Euro ( EUR )
One euro buys US$1.07.
After the global financial crisis, the European Union only
managed to exit from its recession in the first quarter of
2014. The latest gross domestic product (GDP) readings
still indicate that the economy is growing at less than
one percent per year. However, the euro remains the
currency of the world’s largest economy, the European
Union.
6. Cayman Islands Dollar ( KYD)
One Cayman Islands dollar buys US$1.21.
With a population of 60,000, this offshore tax haven
boasts zero unemployment and more than 90,000
businesses, mostly in financial services. While there is
no direct taxation, such as corporate or income taxes,
the government derives revenues mostly from duties on
imported goods and tourism.
5. Jordanian Dinar ( JOD)
One Jordanian dinar is equal to US$1.41.
The Jordanian dinar may be one of the biggest
anomalies in the currency market. Jordan remains
reliant on foreign assistance for essentials to fight
poverty. Moreover, Jordan is one of the smallest
economies in the Middle East, which currently imports
the majority of its energy needs and continues to battle
budget deficits. (Source: CIA World Factbook , last
accessed April 23, 2015.) Still, its currency is valued at
more than 40% higher than the U.S. dollar.
4. British Pound Sterling ( GBP )
One British pound sterling purchases US$1.50.
The United Kingdom is the third largest European
economy only behind Germany and France. Financial
services, including banking and insurance, constitute the
majority of the U.K. economy, however, manufacturing
still accounts for roughly 10% of the economy. (Source:
CIA World Factbook , last accessed April 23, 2015.)
Recently, the United Kingdom has economically
outperformed the rest of Europe, growing at above 2.5%
since the start of 2014.
3. Omani Rial (OMR )
One Omani rial is worth US$2.59.
Oman, which borders with Saudi Arabia, the United Arab
Emirates, and Yemen, is an energy-rich nation with 77%
of its government revenues being derived from oil.
(Source: CIA World Factbook , last accessed April 23,
2015.) Prevailing low oil prices will clearly add to budget
deficits, as Oman has an expansive social safety net; but
the Omani government intends to reduce its oil sector
contribution from above 40% in 2014 to below 10% by
2020. This suggests low oil prices will have less of an
effect on Oman’s rial.
2. Bahraini Dinar ( BHD )
One Bahraini dinar is worth US$2.65.
With the second most expensive currency in 2015 so far,
Bahrain is another Gulf state for which oil accounts for a
majority of government revenues, totaling 88% as of
2013. (Source: CIA World Factbook , last accessed April
23, 2015.) The Kingdom of Bahrain is a tiny island nation
that’s one-tenth the size of Hawaii, but boasts 1.2
million citizens. Bahrain has grown its economy at 3.4%
on average over the last four years. (Source: The
Heritage Foundation web site , last accessed April 23,
2015.)
1. Kuwaiti Dinar ( KWD )
One Kuwaiti dinar is equivalent to US$3.30.
As a member of the Organization of the Petroleum
Exporting Countries (OPEC), Kuwait was the 10th-largest
exporter of oil in 2013 and has the sixth-largest oil
reserves in the world as of 2014. (Source: U.S. Energy
Information Administration web site , last accessed April
23, 2015.) Kuwait’s oil revenues enabled the country to
continuously save 10% of its government budget
annually, protecting it—and, in turn, the Kuwaiti dinar—
from the effects of the current downturn in oil prices.
(Source: CIA World Factbook , last accessed April 23,
2015.) Currently, the Kuwaiti dinar is the most valuable
currency and the most expensive currency in the world.





















http://www.profitconfidential.com/u-s-dollar/the-10-most-expensive-currency/

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mods please this should have been on the front page by now. This topic was as a result of a big argument. People deserves to learn, please do the needful.
r231